The vast advertising business of Google has been targeted by the European Union as it has initiated an antitrust investigation into the search engine over allegations that the rival services have been put at a disadvantage by Google by making it harder for the rival brands to reach consumers as well as for publishers to…
Even though there are big questions about how the future of retail business, the French luxury goods giant LVMH is sure that it will be done mostly in physical stores despite the rise of online channels. “We see the future being two things: being mostly retail stores, because the client experience in a retail store…
The financial performance of Japan’s Nissan Motor Co for the months of April and May were much better than what was being expected, said the president of the auto maker during the annual general meeting (AGM) of the company on Tuesday. This announcement by the top executive of the company to the company’s shareholders was…
The president of Starlink, Gwynne Shotwel said on Tuesday that it expects that will be able to provide continuous internet coverage globally by September this year but the company will then require to obtain regulatory approvals to continue to offer its services. Starlink is the satellite internet unit of Elon Musk’s SpaceX. “We’ve successfully deployed…
According to two sources familiar with an SEC investigation, the regulator has opened an investigation into last year’s SolarWinds cyber attack; the probe is focusing on whether failed to disclose that they had been affected by the hack. Last week, the SEC sent investigative letters to a number of public issuers and investment firms requesting voluntary…
On Tuesday, in a statement, Starlink’s president Gwynne Shotwel said, the company expects to be able to provide continuous global coverage of internet services by around September, subject to regulatory approvals. “We’ve successfully deployed 1,800 or so satellites and once all those satellites reach their operational orbit, we will have continuous global coverage, so that…
In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…
In a statement Boeing said, it will integrate an anti-jamming system developed by Israel’s Elbit Systems into a fleet of F-15 fighter jets which it will sell to a yet-to-be disclosed customer. “The Immune Satellite Navigation System ensures uninterrupted GPS operation, providing full jamming immunity for multiple satellite channels and can handle multiple interfering signals,”…
According to sources familiar with the matter at hand, Alphabet’s Google is likely to face its most significant regulatory threat from EU antitrust regulators, who are set to open a formal investigation into its digital advertising business by the end of 2021. In the last decade, the European Commission had fined Google more than $9.8 billion…
The final regulatory approval for a partnership of the global classified ads businesses of Norway’s Adevinta and the United States based e-commerce group eBay have been granted to the two companies, the Norwegian firm said in a statement on Friday. This deal between the two companies was struck last year and it encompasses Adevinta acquiring…
