U.S. Tech Giants Targeted in Hefty EU Fines over Monopoly
Amazon, Apple, Facebook, and Google face hefty fines of between 6-10% under a draft EU law that seeks to curb their power in data and online platforms, reports Reuters. The…
Apple Plans 30% Boost in iPhone Production for First Half of Next Year
Apple plans to produce about 96 million iPhones for the first half of 2021, a 30% year-on-year increase, according to NIKKEI Asia. The company is also planning an aggressive production…
Apple Sends Teams to iPhone Factory in India after Weekend Protests
Apple has dispatched teams to investigate if its Taiwanese contractor Wistron Corporation flouted supplier guidelines at an iPhone manufacturing facility near the Indian city of Bangalore, reports SCMP. The move…
Google, Adtech Firms Face Fresh EU Privacy Complaints
Google and digital advertising firms were hit with new privacy complaints in six EU countries on Thursday over the bidding process of selling ads to potential advertisers, according to Reuters.…
17 States Support Texas Bid to Reverse Biden Win
Seventeen U.S. states, whose elections were won by President Donald Trump, told the Supreme Court on Wednesday they support Texas bid to reverse President-elect Joe Biden projected Electoral College Victory,…
Apple and Google Reportedly Ban X-Mode from Collecting User’s Location Data
Apple and Google have banned X-Mode Social, a major data broker, from collecting location data from users whose phones run iOS and Android, reports Business Insider Africa. The move comes…
Roche Partners with Moderna Over COVID-19 Antibody Test
Roche has announced a partnership with Moderna to use its Elecsys Anti-SARS-CoV-2 S antibody test in Moderna's mRNA-1273 vaccine trials, according to Roche’s press release. Roche's anti-SARS-CoV-2 antibody test detects…
Tesla Unveils Second $5 Billion Share Sale since September
Tesla Inc. launched a $5 billion capital raise on Tuesday, the second move in three months as the electric-car maker cashes on its stock surge this year, according to Reuters.…
Interactive Brokers Seek to Acquire Goldman’s Retail Brokerage Firm Folio
Interactive Brokers is acquiring Folio Investments - a subsidiary of Folio Financial from Goldman Sachs, Motley Fool reports. Goldman bought the retail brokerage firm in mid-September and will retain Folio's…
Google Takes on Media Conglomerate IAC over Marketing Practices
Google has said it would take action against Interactivecorp (IAC) over marketing practices it deems deceptive due to fears it would escalate antitrust scrutiny, according to CNBC. Google found out…
U.S. Relief Package Negotiators Seek Consensus on Anticipated $908 Billion Bill
Bipartisan negotiators working on a $908 billion pandemic relief package are planning to unveil finer details of their proposal on Monday, according to Bloomberg. The negotiators seek to wither differences…
NFP: U.S. Added 245,000 Jobs In November, Fewer Than Expected 440,000
U.S. nonfarm payrolls rose by only 245,000 in November, remaining below the expected 440,000, and October's 610,000 gains, according to CNBC. The unemployment rate met expectations despite falling from 6.9%…
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