Business

Netflix sinks as Wall Street flees 'stay-at-home' stocks

One day after shares of at-home fitness company Peloton tumbled, Netflix found itself in Wall Street's hot seat Friday as markets reassess the diminishing growth prospects of so-called "pandemic stocks."

Business

Microsoft muscles in on first wave of the metaverse

US tech giant Microsoft's $69 billion purchase of Activision this week rocked the video game sector, but the deal may come to be remembered as the moment the metaverse went mainstream.

Business

Why merging Uganda's electricity sector agencies is a bad idea

Early in 2021, the government of Uganda approved a two-year plan to streamline state-run agencies for greater efficiency. The first phase of the merger targeted 77 agencies under 18 ministries. By the time parliament put ...

Business

Amazon to open Los Angeles clothing store, in first

Amazon's online commerce empire is taking another step into the real world with plans announced Thursday to open a shop in Los Angeles that would be its first bricks-and-mortar clothing store.

Business

Poland, Hungary resist EU's corporate minimum tax push

The EU's effort to implement an internationally agreed minimum tax on big multinationals was met with opposition by Poland and Hungary on Tuesday, endangering a major priority of France's presidency of the bloc.

Business

EXPLAINER: Microsoft's Activision buy could shake up gaming

Microsoft stunned the gaming industry when it announced this week it would buy game publisher Activision Blizzard for $68.7 billion, a deal that would immediately make it a larger video-game company than Nintendo.

Business

EU lawmakers vote to end 'Wild West' online

The European Parliament on Thursday approved a proposal to impose unprecedented curbs on content online, including bans on the most intrusive methods of advertising, in a blow to Google and Facebook.

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