Google Says Its Deals With Phone Makers For Android Boosts Competition

While rejecting the charges levelled against it by the competition of the European Union of Alphabet unit Google adopting a carrot-and-stick tactic that stifled competition with respect to the firm’s deals with Android phone makers, the United States based company said that such deals instead boosted competition. The EU had slapped a record 4.3-billion-euro ($5…

United Breweries And Carlsberg Fined By India Antitrust Body For Price Fixing

In a case involving cartelisation of beer pricing in India, the country’s antitrust watchdog levied a penalty of $102 million on Heineken-controlled beer giant United Breweries and $16 million on the local subsidiary of Denmark’s Carlsberg on Friday. The ruling follows a lengthy inquiry that began in 2018, with the Competition Commission of India (CCI) searching…

The Global Chip Shortage Is A ‘Short-Term’ Issue, Says Tesla’s Elon Musk

according to Elon Musk, CEO of the United States based electric vehicle maker Tesla, stated on Friday that the continuing semiconductor shortage problem being faced throughout the world will be resolved by next year. The tech entrepreneur believes the chip scarcity is a “short-term” issue rather than a long-term one. “There’s a lot of chip fabrication plants that…

Afghanistan Threats Against Bring US And Pakistan Face-To-Face

The Taliban’s capture of Kabul has heightened mutual animosity between the United States and Pakistan, two ostensible partners who have clashed over Afghanistan. However, both parties continue to rely on one another. With the Biden administration searching for alternative ways to combat terrorist threats in Afghanistan, it is likely to come back to Pakistan, which…

Nike Lowers Sales Estimate For Full Year And Warns Of Delays In Holiday Season

Nike Inc on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit. Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more…