The former CEO of Arm, Warren East, highlighted the challenges facing the UK in commercializing technology businesses globally. Despite the country’s potential for creating innovative technology, there is a lack of global relevance and commercial success on the world stage. This is evident in the criticisms of lackluster growth and poor GDP rates per head
The trial between the Justice Department and Alphabet’s Google in Alexandria, Virginia sheds light on Google’s alleged dominance in the online advertising technology sector. The prosecutor argues that Google utilized its influence to control both competitors and customers, thus creating a monopoly in the market. Monopoly-Building Tactics According to the Justice Department attorney, Julia Tarver
The latest Apple event showcasing new iPhones, Apple Watches, and AirPods did not elicit the expected positive response from investors. While the stock initially dropped at the onset of the event, it staged a late-day rally to close in the green. This lack of enthusiasm from investors is surprising considering Apple’s history of innovation and
World Bank President Ajay Banga recently expressed the need for the global lender to work faster and simplify its processes in response to a world experiencing greater polarization. Banga’s remarks, following his visit to 27 countries from Peru to Tuvalu, highlighted the challenges faced by nations around the world in meeting the requirements of the
Northvolt, a prominent battery producer for Europe’s electric vehicle industry, has recently revealed its plans to streamline operations by cutting jobs, closing down a site, and engaging in discussions with partners and investors. The company, headquartered in Stockholm, Sweden, is known for manufacturing lithium-ion batteries for electric vehicles and has forged partnerships with major European
Discount home goods giant Big Lots recently filed for bankruptcy protection following a decline in demand due to high interest rates and a sluggish housing market. The retailer, known for its low-priced furniture and decor, has agreed to sell its business to private equity firm Nexus Capital Management for approximately $760 million. This deal includes
The U.S. Federal Reserve is currently in discussion about a potential jumbo 50 basis point rate cut at its forthcoming meeting. Some analysts believe that a larger cut would demonstrate that the central bank is prepared to take necessary action to support job growth without indicating more severe concerns about a broader economic downturn. Michael
As the trading week opens, Wall Street is gearing up for a higher open after a previous week of heavy losses. Investors are looking forward to a crucial inflation report later in the week and are optimistic about a potential soft landing scenario for the U.S. economy. Despite the recent volatility in the market, all
Venom: The Last Dance is set to hit theaters in China on October 23, two days before its domestic release on October 25. This strategy of going day-and-date in China showcases the importance of the Chinese market for Hollywood films. The first Venom movie in 2018 grossed close to $270 million in China, which contributed
Canadian retailer Alimentation Couche-Tard has expressed its willingness to engage in confidential discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover offer. Despite Seven & i’s reservations about the $14.86 per share all-cash proposal, Couche-Tard remains keen on pursuing a buyout. The 7-Eleven operator has raised concerns about the offer