Amazon.com Inc’s stock fell about 8% on Friday after the company forecasted holiday-quarter sales that fell short of Wall Street expectations, while its Big Tech peers recovered from a bruising selloff this week. The online retailer’s market cap briefly fell… Read More ›
The European Union has reached an agreement on a law that will effectively ban the sale of new petrol and diesel cars beginning in 2035, aiming to accelerate the transition to electric vehicles and combat climate change. Negotiators from EU… Read More ›
Germany avoided recession in the third quarter with unexpected growth, but the economy remained choppy as high inflation fueled by a painful energy standoff with Russia surged, according to data released on Friday. According to the federal statistics office, consumer… Read More ›
Britain would have the authority to regulate all cryptoassets under a proposal added to a draft law before parliament that will almost certainly pass. Andrew Griffith, who was re-appointed as City Minister by Britain’s new Prime Minister Rishi Sunak on… Read More ›
According to a new report by Google, Temasek, and Bain & Company, South East Asia’s top digital economies grew faster than expected in 2022 and are on track to reach $200 billion in total transaction value this year. The achievement… Read More ›
Mark Zuckerberg declared virtual reality the next frontier to drive Facebook’s growth a year ago. But there hasn’t been much of it so far. The company’s stock price has dropped, revenues are down, and profits are down. On Wednesday, the… Read More ›
According to Apple’s marketing chief, the company will have to comply with a European Union law that requires electronic devices to use a common charging standard known as USB-C. “Obviously we’ll have to comply,” Greg Joswiak, Apple’s senior vice president… Read More ›
The head of the United Kingdom’s media regulator, Ofcom, has warned that “metaverse” forays by tech titans such as Meta and Microsoft will be subject to new rules requiring platforms to protect users from online harms. Speaking at a policy… Read More ›
Sales at Alphabet and Microsoft have slowed sharply, adding to concerns about an economic downturn. Alphabet, which owns Google and YouTube, reported a 6 per cent increase in sales to $69 billion in the three months to September as companies… Read More ›
Britons are starting to turn to energy-saving products such as air fryers and slow cookers to counter the cost of living crisis, according to supermarket chain Asda. In its monthly Asda Income Tracker for September, the company reported a 320… Read More ›
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