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FTC says Gamestop CEO Cohen to pay nearly $1 million penalty

WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Wednesday that Ryan Cohen, managing partner of RC Ventures LLC and Gamestop CEO, would pay a nearly $1 million penalty to settle an

No merger scrutiny of Microsoft’s hiring of Inflection staff, EU says

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft's hiring of artificial intelligence startup Inflection's staff including its co-founders will not be scrutinised under European Union merger rules, EU

Google’s Privacy Sandbox adoption costs burden small ad-tech firms, industry says (Sept.9)

(Corrects penultimate paragraph in Sept. 9 story to say Dennis Buchheim is CEO of ThinkMedium, not CTO; the error was present in previous versions of the story) By Akash Sriram and Harshita Mary

Amazon raises pay of US hourly workers in fulfillment, transport ops

(Reuters) -Amazon.com will invest more than $2.2 billion to bump up the pay of hourly workers in its fulfillment and transportation operations in the United States, the company said on Wednesday. The

YouTube and Shopee partner in Southeast Asia e-commerce tie-up

By Stanley Widianto JAKARTA (Reuters) - Alphabet Inc's YouTube and e-commerce platform Shopee said on Wednesday they were launching an online shopping service in Indonesia and planned to expand it in

Amazon raises pay of hourly workers in fulfillment, transport ops

(Reuters) - Amazon.com said on Wednesday it is increasing the base pay of hourly workers in its fulfillment and transportation operations by $1.50 to more than $22 per hour. (Reporting by Yuvraj Malik

Facebook parent Meta Platforms beats lawsuit over Apple privacy, Sandberg disclosures

By Jonathan Stempel (Reuters) - Meta Platforms won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple's privacy settings would make Facebook and Instagram

Google urges tribunal to throw out $9.3 billion UK lawsuit over search ‘dominance’

LONDON (Reuters) - Google parent Alphabet on Wednesday asked a London tribunal to throw out a mass lawsuit that accuses the tech giant of abusing its dominance in the online search market. The lawsuit

Google wins EU antitrust fine fight but setback for Qualcomm

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet unit Google won a legal challenge on Wednesday against a 1.49 billion euro ($1.7 billion) European Union antitrust fine, while Qualcomm failed to repeal a

Meta closes deal to buy up to 3.9 million carbon credits in Latin America

SAO PAULO (Reuters) - Facebook owner Meta agreed to buy up to 3.9 million carbon offset credits from Brazilian investment bank BTG Pactual's forestry arm through 2038, the companies said on Wednesday

On Camera

Drop that cigarette. Smokers are twice as likely to develop skin cancer compared to non-smokers

A noticeable effect of smoking is premature aging. Studies indicate that the skin biopsy of a 40-year-old heavy smoker can resemble that of a 70-year-old non-smoker.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?