Business

EU top court to rule on record 4.1 bn euro Google fine

The EU's top court will decide Thursday whether to uphold a record 4.1 billion euro ($4.7 billion) fine the bloc slapped on Google for anticompetitive practices related to its Android operating system.

Business

Sky strengthens UK streaming offer with ITV deal

Sky television on Monday said it had agreed to buy ITV's media and entertainment business for up to £1.6 billion ($2.1 billion), creating a heavyweight in UK streaming.

Business

Microsoft cuts 4,800 jobs as it revamps Xbox

Microsoft said Monday it was eliminating about 4,800 jobs—roughly 2% of its global workforce—in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division.

Business

Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Business

Netflix strikes deals in short-form video push

Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major U.S. media publishers to carry bite-sized content on its platform.

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