In its most recent onslaught on Big Tech, the EU Commission on Wednesday named 22 services from six major tech corporations as “gatekeepers” of online services offering messaging to video sharing. Alphabet, Amazon, Apple, Meta, Microsoft, and ByteDance, owner of… Read More ›
The Japanese government said on Tuesday that it believed the country’s economy was close to emerging from a protracted period of stagnation and that Japan may be at a turning point in its 25-year struggle with deflation as price and wage… Read More ›
Despite increasing logistics costs as a result of the wartime export problem, Ukrainian farmers are not anticipated to cut the amount of winter wheat they sow for the 2024 harvest, a senior farming official told Reuters on Tuesday. Ukraine is… Read More ›
According to three sources with knowledge of the situation, some international businesses intending to leave Russia are seeing a significant increase in costs as a result of Moscow’s increased demands for price reductions on the assets they wish to sell…. Read More ›
Although oil trades have occasionally been resolved in the Chinese yuan, Russian ruble, or Indian rupee, the concept of “de-dollarization” — or shifting away from the U.S. dollar to settle trades in other currencies — is still a long way… Read More ›
The comprehensive Digital Services Act (DSA) of the European Union imposes new regulations on content moderation, user privacy, and transparency, putting more than a dozen of the largest internet businesses in the world under unheard-of legal scrutiny. In the EU,… Read More ›
Following the lifting of import restrictions that increased demand for the dollar, Pakistan’s rupee closed at a record low of 299 rupees against the dollar on Tuesday in the interbank market, according to statistics from the central bank. In order… Read More ›
The US Federal Reserve finally came to terms with the slow U.S. recovery from the 2007–2009 recession during its policy meeting in September 2016. This followed years of consternation. According to transcripts of a meeting where policymakers cut their median… Read More ›
The second quarter revenue for Chinese tech company Baidu exceeded expectations, increasing by 15% year over year and supported by increase in advertising. According to Refinitiv statistics, this was the fastest quarterly year-over-year increase speed in two years. In pre-market… Read More ›
According to a recent Human Rights Watch investigation, Saudi border guards are responsible for the widespread murder of migrants along the Yemeni border. According to the story, hundreds of people have reportedly been shot to death, many of them Ethiopians… Read More ›
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