Business

From crypto to COVID: Why auction prices are rocketing

From Albert Einstein's notes to a record-breaking Frida Kahlo to a 6.6-million-euro triceratops—auction houses have lately seen a string of record-breaking items going under the hammer and through the roof.

Business

Italy hits Amazon, Apple with 200 mn euro antitrust fine

Italy's competition watchdog imposed fines totalling over 200 million euros ($225 million) on Amazon and Apple Tuesday in the latest action taken against US tech giants in Europe over their business practices.

Telecom

Latest Vega launch paves way for Vega-C

Arianespace announced liftoff of Vega's twentieth flight from Europe's Spaceport in French Guiana at 9:27 GMT (10:27 CET; 06:27 local time). Vega delivered three CERES payloads for the French Ministry of the Armed Forces.

Business

UK orders national security review of NVIDIA deal to buy Arm

American technology company NVIDIA's planned $40 billion takeover of British chip designer Arm Ltd. faces months of delays after the U.K. government asked competition regulators Tuesday to investigate the national security ...

Business

Europe's battle to curb Big Tech

US tech giants Google, Apple, Facebook, Amazon and Microsoft have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.

Business

UK music streaming faces scrutiny from competition watchdog

Regulators are stepping up scrutiny of the United Kingdom's music streaming market to see whether there is enough competition after lawmakers outlined concerns that major online platforms like Spotify may be too dominant.

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Competition

Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For example, animals compete over water supplies, food, mates, and other biological resources. Humans compete for water, food, and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, prestige, and fame. Business is often associated with competition as most companies are in competition with at least one other firm over the same group of customers.

This text uses material from Wikipedia, licensed under CC BY-SA