Industry

Russia Orders Apple to Pay $13.6 Million Fine for Alleged App Market Abuse

Russia Orders Apple to Pay $13.6 Million Fine for Alleged App Market Abuse

US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.


Apple Vision Pro Sold Out After Preorders, But Demand Could Quickly Fizzle Out, Top Analyst Warns

A top Apple analyst warned that Apple Vision Pro, which immediately sold out after preorders opened Friday, could face a downturn in demand.

Wilson Tennis Rackets Maker Amer Sports Eyes Up to $8.7 Billion Valuation in US IPO

Amer Sports, the maker of Wilson tennis rackets, is targeting an up to $8.7 billion valuation for its upcoming US initial public offering (IPO).

Singapore-based Terraform Labs Files for Bankruptcy Protection in the US Following $53.6 Billion Crypto Crash

Terraform Labs, a stablecoin behind TerraUSD, filed for Chapter 11 bankruptcy in the United States on Sunday, Jan. 21. The move may allow them to execute their business plan.


Latest News

Warren Buffett-Led Firm Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
US Leads Public Distrust in Innovation, New Survey Shows
A new survey conducted ahead of the World Economic Forum's annual meeting this week revealed that businesses and governments are poorly managing and regulating new technologies.
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Microsoft has emerged as the most valuable publicly traded company, outpacing Apple. In a significant shift of financial standings, Microsoft emerged as the most valuable publicly traded company on Friday after briefly outpacing Apple during intraday trading Thursday.
Oil Prices Surge After US, Britain Strike Back at Houthi Rebels in Yemen
Oil prices jumped 2% on Friday as the United States (US) and Britain launched air and sea strikes in Yemen against the Houthi militants.
US SEC Approves Spot Bitcoin ETFs a Day After Its 'Hacked' X Account Prematurely Shared Such News
The US Securities and Exchange Commission (SEC) has approved the trading of spot bitcoin exchange-traded funds (ETFs) in the country.
Joe Biden to Replace Trump-Era Rule That Makes It Easier to Classify Workers as Independent Contractors
The administration of President Joe Biden is set to release new guidelines that will provide additional protections to gig workers or independent contractors.
Kia Launches 'Platform Beyond Vehicle' Strategy, Reveals Several Concept EVs at CES 2024
Kia has unveiled its Platform Beyond Vehicle (PBV) future strategy at the CES 2024 in Las Vegas. Kia has unveiled its Platform Beyond Vehicle (PBV) future strategy at the 2024 Consumer Electronics Show (CES) in Las Vegas.
Alphabet’s Isomorphic Labs Partners With Eli Lilly, Novartis to Accelerate AI-Driven Drug Discovery
Isomorphic Labs, a subsidiary of Alphabet Inc., is set to accelerate AI-driven drug discovery after it entered into strategic research collaboration agreements with Novartis AG and Eli Lilly & Co.
Shein's Annual Revenue Is More Than $30 Billion, Key Retail Partner Says
The annual revenue of Chinese fast-fashion giant Shein is reportedly more than $30 billion. The annual revenue of Chinese fast-fashion giant Shein is more than $30 billion, according to Jamie Salter, the founder and CEO of Authentic Brands Group, a key retail partner of Shein.
Boeing Under Renewed Scrutiny After Mid-Air Blowout on Alaska Airlines Jet
Boeing is now facing renewed regulatory scrutiny following a mid-air blowout involving one of its Boeing 737 Max 9 jets.
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