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Fine for Google in South Korea for Abuse of Power
Tech group Google has been fined more than 150 million dollars in South Korea for abusing its dominant market position.
The search engine giant controls 80 percent of the smartphones worldwide with the Android operating system and…
Chinese Central Bank Adviser Wants to Tackle Tech Companies Harder
Chinese tech companies need to be dealt with even harder. That says an adviser to the Chinese central bank in a Chinese government newspaper.
According to the advisor, the size of companies such as online store giant Alibaba and…
British Economy Barely Grew in July
The growth of the British economy virtually stagnated in July. This indicates that the recovery from the corona crisis is levelling off. Moreover, the growth is much lower than economists on average had expected.
Many companies are…
Paypal Buys Japanese Paidy for 2.7 Billion Dollars
PayPal has reached an agreement on the acquisition of the Japanese Paidy for 2.7 billion dollars. The American payment services group announced this on Wednesday.
Paidy has been around since 2008 and makes it possible for merchants…
Largest British Employers Organization Complains about Staff Shortages
Something needs to be done quickly about the widespread shortage of staff in the UK. Otherwise, it could take up to two years to fill all currently open positions, says the UK's largest employers' association, the Confederation of British…
The European Stock Markets Start the Trading Day with Small Results on Friday
The European stock markets seem to start the trading day with small results on Friday. Investors' eyes are on the US jobs report to be released later on Friday. The developments in the labour market play an important role in the monetary…
China Struggles with Balance Between Economic Growth and Climate
China struggles with conflicting interests in environmental, economic, social and geopolitical objectives. The trade-offs have varying consequences for the markets, resulting in strong price volatility for commodities.
For example,…
WSJ: China to Ban US IPO for Some Tech Companies
Chinese authorities want to ban Chinese tech companies that collect large amounts of consumer data from going public in the United States. That reports business newspaper The Wall Street Journal based on insiders.
In addition,…
Nikkei Closes Slightly Higher, South Korea Raises Interest Rates
The Tokyo stock exchange closed slightly higher on Thursday. Investors did not take major risks ahead of the important Jackson Hole central bankers meeting, which begins later in the day. All eyes are on US central bank president Jerome…
Huawei Sees Sales Fall Further Due to US Sanctions
Chinese tech company Huawei is heavily burdened by US sanctions. Recently, the company has seen its turnover continue to decline. Sales of Huawei's consumer arm fell by almost half in the first half of 2021.
The United States has banned…