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Friday, May 3, 2024
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EU’s top court rejects Amazon’s request to suspend EU tech rules’ ad clause

By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe's top court backed

Amazon loses court fight to suspend EU tech rules’ ad clause

By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe's top court backed

Video game retailer GameStop slumps after sharp decline in quarterly sales

(Reuters) - GameStop's shares slumped more than 18% before the bell on Wednesday, as the brick-and-mortar video game retailer reported a decline in fourth-quarter revenue on the back of a spending

Amazon fined $7.8 million by Polish consumer watchdog

WARSAW (Reuters) - Amazon has been fined 31 million zlotys ($7.8 million) in Poland for misleading customers about product availability and delivery dates, consumer watchdog UOKiK said on Wednesday.

No risk of contagion from first cyberattack to Vietnam market, regulator says

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) - Financial institutions are not at risk from the first cyberattack on a Vietnamese brokerage, the market regulator said on Wednesday, after

Software industry calls for more UK Government support

By Martin Coulter LONDON (Reuters) - Britain's government has been urged to provide more support for the software industry with measures including tax incentives and talent visas. More than 120

HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia

SINGAPORE (Reuters) -HSBC on Wednesday said it is setting up a $1 billion growth fund called ASEAN Growth Fund that provides lending to companies that are scaling up via digital platforms across

SK Hynix chief says HBM chips to be double-digit percentage of 2024 DRAM chip sales

SEOUL (Reuters) -South Korea's SK Hynix, an Nvidia supplier, expects high-bandwidth memory (HBM) chips used in AI chipsets to make up a double-digit percentage of its DRAM chip sales in 2024, CEO Kwak

Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement

By David Kirton SHENZHEN, China (Reuters) - Chinese e-commerce vendors that want to sell products on TikTok Shop in the U.S. as an alternative to Amazon are upset by moves they say the short video app

Biden administration pursuing TikTok over data practices, Politico reports

(Reuters) - The U.S. Federal Trade Commission has been investigating TikTok over allegedly faulty privacy and data security practices, and could decide to bring a lawsuit or settlement in the next few

On Camera

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.