The top court of Europe has ruled that there is no need to for obtaining an estate agent’s license to operate in France for the accommodation booking service app Airbnb. The court gave this ruling in reference to a case filed against Airbnb by the French tourism association alleging that the company did not have…
France’s competition watchdog has levied a fine of $167 million on Google citing Google’s non-transparent advertising rules and the fact that it changes them at will. Google is facing a growing number of investigations into its advertisement business practices, on both sides of the Atlantic. The ruling is the first penalty by the French authorities…
Following a ruling by a judge that Uber’s ride hailing services in Colombia is in violation of competition rules, Colombia has ordered Uber to cease its ride-hailing operations in the country. The court order came in the wake of a lawsuit filed by COTECH SA against against Uber alleging that the U.S. company had the…
In a significant development that bodes well for the environment, Estonians who have typically gone to the forest to down cut trees in the thousands to celebrate Christmas, can now do so with a smartphone app. The state forestry company of Estonia, has launched a mobile application which allows people to search for their trees…
In a development that marks Amazon’s growing in-house delivery business, the world’s largest online retailer stated, it was on track to deliver 3.5 billion customer packages globally this year. Amazon’s growing network of delivery trucks, planes, and vans, is considered as potentially a long-term threat to United Parcel Service Inc and FedEx Corp. FedEx has…
Accenture Plc’s first quarter earnings have beaten Wall Street analysts’ estimates, on the back of fast-growing digital and cloud services businesses. The IT consulting firm has shifted its focus to the cloud and offers a wide range of services ranging from managing clients’ social media marketing strategies to helping them move to the cloud. Accenture…
On Friday, Australian competition regulator penalized Volkswagen AG $86 million for its alleged false representations about compliance with Australia’s diesel emission standards. The exemplary fine is the highest ever ordered by the court for contraventions of the Australian Consumer Law, said the Australian Competition and Consumer Commission (ACCC) in a statement. According to the ACCC,…
While indicating that the tech giants Google and Facebook would be spared an in-depth investigation over allegations of the companies unfairly dominating the online advertising market, Britain’s competition regulator stressed on the need for stricter regulations for such tech companies to prevent any negative consequences of the market dominance of the companies. The Competition and…
In a significant breakthrough, International Business Machines Corp stated, it has created a battery design that uses materials extracted from seawater and which does not use cobalt, an expensive mineral. IBM stated, it has partnered with the research wing of Daimler AG’s Mercedes-Benz, and battery manufacturer Sidus, for the commercial development of the new design.…
Sources familiar with the matter have disclosed, U.S. chipmaker Nvidia is set to win an unconditional approval from the European Commission over its $6.8 billion acquisition bid to acquire Mellanox Technologies. Known for its powerful graphics chips, Nvidia is looking to boost its data center and artificial intelligence business; acquiring Mellanox will help it better…
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