Big Chinese firms fined over anti-monopoly law
China fined 11 companies including tech giant Tencent on Friday, taking aim at their acquisitions and joint ventures as authorities target monopolistic practices.
Apr 30, 2021
0
6
Business
News tagged with competitive market
Business
Chinese regulator orders Ant Group to conduct major overhaul
Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.
Apr 12, 2021
0
4
Business
Bolstered by pandemic, tech titans face growing scrutiny
Accelerating the transition to an ever more digital life, the coronavirus pandemic has tightened tech giants' grip on billions of customers' lives.
Dec 16, 2020
0
9
Business
EU auditors: Antitrust probes too slow to curb tech giants
The EU's efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.
Nov 19, 2020
0
7
Business
Finland's national carrier cuts over 10% of workforce
Finland's national carrier said Tuesday it will cut 700 jobs - over 10% of its workforce - by the end of March next year due to the impact of the COVID-19 pandemic on global travel.
Oct 20, 2020
0
5
Internet
UK regulators investigate Facebook's purchase of Giphy
British regulators have opened an investigation into Facebook's recent purchase of Giphy over concerns that it will stifle competition.
Jun 12, 2020
0
7
Business
UK to allow Huawei in 5G networks but not in 'core' parts
Britain decided Tuesday to give Huawei limited access to build parts of its new high-speed mobile network, in a setback for the U.S., which has been pushing allies to ban the Chinese company.
Jan 28, 2020
0
2
Internet
Google enters battle for cloud gaming market
Ever-expanding Google becomes a gaming company Tuesday with the launch of its Stadia cloud service that lets people play console-quality video games on a web browser or smartphone.
Nov 17, 2019
0
80
Business
Current, former VW bosses face 'market manipulation' charges
Weeks after its latest attempted new start with an all-electric car, Volkswagen is again in the legal weeds over its years-old "dieselgate" scandal, as charges against top executives pile on top of mass lawsuits by investors ...
Sep 24, 2019
0
6
Business
Big Tech backlash kicks into gear with antitrust moves
The backlash against Big Tech moved into a new phase Monday as officials from nearly all US states announced an antitrust investigation into the dominance of internet giant Google.
Sep 10, 2019
0
5
