India unveiled a new draught broadcasting law on Friday that aims to regulate the industry. It will also apply to major streaming companies like Netflix, Disney, and Amazon and mandates the creation of separate content assessment panels. India, which is predicted by Media Partners Asia to become a $7 billion market for the industry by…
In an attempt to re-enter a market where Facebook and Instagram are still forbidden, Meta Platforms has partnered with Tencent Holdings to sell a new, affordable virtual reality (VR) gear in China, according to a Wall Street Journal report. Tencent will become the only supplier of Meta’s headsets in China as a result of the…
The giant American chip manufacturer Nvidia is said to have discovered a means to supply Chinese businesses with high-end chips while yet adhering to American regulations intended to limit China’s access to technology. China makes up 20% to 25% of Nvidia’s income from its largest business, the data centre division. According to Chinese financial media…
Intel has postponed a planned investment in Vietnam that could have roughly doubled the U.S. chipmaker’s facility there, dealing a blow to the nation’s expanding aspirations in the semiconductors industry, according to reports based on information from sources briefed on the plans. The centre of Southeast Asian electronics manufacturing, which houses Intel’s largest chip assembly, packaging,…
The Milan prosecutors’ office announced on Monday that an Italian judge had ordered the seizure of 779.5 million euros, or $836.40 million, from the European headquarters of the short-term rental website Airbnb, which is located in Ireland, due to suspected tax evasion. Prosecutors in the northern Italian city stated in a statement that the investigation…
Beijing will welcome the American semiconductor company expanding its market share in China, the Chinese minister of commerce informed the president of Micron Technology Inc., signalling a further warming of ties between the two largest economies in the world. According to a brief statement posted on the commerce ministry’s website on Friday, Commerce Minister Wang…
This week, BMW executives predicted solid sales for the fourth quarter and stated that their order book was full through the first few months of the following year. They added that they did not see the need to lower pricing, unlike some of its competitors. As supply chain bottlenecks lessened, vehicle availability improved, but higher…
Except for their availability which could prevent Novo Nordisk and Eli Lilly’s explosive sales of their diabetes and weight-loss medications from continuing into the upcoming years. The worldwide obesity medicine boom has mostly benefited these two corporations, driving up their market values and changing expectations for packaged foods, sugary snacks, and nutritional supplements in addition to the…
Apple’s shares fell almost 3% in after-hours trading after the company released a Christmas quarter sales estimate that fell short of Wall Street’s projections due to the lacklustre demand for iPads and wearables. Tim Cook, the company’s CEO, emphasised that the new iPhone 15 models were performing well in China in an effort to allay…
The largest apparel retailer in the world, Inditex, which owns Zara, announced on Friday that its suppliers would purchase 2,000 metric tonnes of a raw material produced by Swedish business Renewcell from waste cotton textile. One of the first textile-to-textile recycling companies on a commercial scale in the world, Renewcell assists apparel merchants in substituting…
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