S&P Global considers a credit rating downgrade for Paramount Global due to weakened cash flow amid its shift from linear TV to streaming.
Industry
Apple's Restriction on Web Apps Questioned by European Commission
The European Commission asserts that the new functionality will negatively impact the functionality and accessibility of iOS web apps, prompting investigations into compliance with the Digital Markets Act.
Google Reveals Apple Rejected Bing As Default Search Engine Over Quality Concerns
Google's revelation sparked speculations among Microsoft users, suggesting a potential motive to switch platforms,
Microsoft and FWD Group Extends Collaboration To Achieve AI-Powered Insurance Industry
The extended four-year collaboration will be set to revolutionize the insurance industry with AI-driven experiences using cutting-edge technology from Microsoft.
Alibaba's Response to SEC Investigation Reveals Chinese Government Ownership in Over 12 Business Units
The ownership stakes by the state ranged from below 10% to below 30% as China tightens control over its tech sector.
Latest News
Royal Mail allegedly classified delivery drivers as self-employed, avoiding sick pay and minimum wage requirements, among other declining work conditions.
Analysts predict India could surpass China as the largest iPhone market by 2027, aligning with CEO Tim Cook's acknowledgment of record revenue in India.
Netflix, Spotify, and other digital media providers face scrutiny over their tax exemption as the World Trade Organization debates the fate of the e-commerce moratorium during its Abu Dhabi meeting.
A US judge approved the $4.3 billion penalty for Binance on Friday. Binance, the world's biggest cryptocurrency exchange, is set to pay $4. 3 billion for violations of anti-money laundering and sanctions laws through lapses in internal controls in a settlement approved by a US judge on Friday.
Nvidia surpassed $2 trillion in market cap during intraday trading on Friday. Nvidia surpassed $2 trillion in market cap during intraday trading on Friday following the release of its rosy earnings report earlier this week.
Sarah Bond, Microsoft's Xbox President, hinted at an upcoming gaming console that promises to deliver the "largest technical leap" in Xbox history.
Tesla is set to issue a software update to address rear camera issues affecting 8,700 vehicles in China amid ongoing regulatory scrutiny.
Spotify's EU complaint over Apple's alleged unfair competition receives a reply from the Cupertino-based company as a potential 500 million euro fine looms.
Volvo Cars' 5% decline in European markets comes after it decides to distribute 62.7% of its Polestar stake to shareholders, aiming to refocus resources for transformation.
