EU digital chief promises robust enforcement of social media laws
Ongoing probes are still in a technical phase, involving exchanges with companies before decisions are made, says Henna Virkkunen
U.S. sanctions trap nearly 500,000 tons of Russian oil products on tankers
New restrictions disrupt shipments to India, Turkey, and other destinations
Nokia signs multi-year patent license deal with Samsung
Nokia clarifies that this agreement is separate from their existing 5G patent license deal with Samsung
Apple and Amazon defeat £494 million UK lawsuit
The lawsuit alleges that Apple and Amazon agreed in 2018 to block most resellers of Apple and Beats products, limiting competition
Oil prices rise as markets assess impact of Russian sanctions
Brent crude futures rise 16 cents to $80.08 a barrel, while U.S. West Texas Intermediate crude gains 26 cents to reach $77.76
Chip industry urges Biden to review rushed export rules
Industry says the regulations were made without proper consultation or public input, despite their significant long-term impacts
US deficit rises 39% year-on-year to $711 billion in Q1 FY2025
The October-December 2024 deficit exceeds prior levels, reflecting ongoing fiscal challenges for the incoming administration
Pfizer seeks $75.2 million from SAC insider trading settlement
The dispute arises from SAC’s $602 million SEC settlement over insider trades in Wyeth and Elan by convicted employee Mathew Martoma
Intel announces plans to make Intel Capital a standalone entity
Intel Capital manages over $5 billion in assets and focuses on investments in silicon, frontier technologies, devices, and cloud infrastructure
US bans imports from 37 Chinese firms over alleged Uyghur forced labor
The move targets companies in the textile, mining, and solar sectors under the Uyghur Forced Labor Prevention Act
Biden signs order ensuring AI infrastructure supports national security efforts
Order allocates Defense and Energy lands for AI centers and power needs
Wildfires threaten operations of $4 trillion Los Angeles asset management hub
Firms in Los Angeles manage more than $4 trillion of the $132 trillion in global assets managed in the United States
Biden administration finalizes US crackdown on Chinese vehicles
It's really important because we don't want two million Chinese cars on the road and then realize... we have a threat, says US Commerce Secretary
U.S. sanctions reshape oil shipping routes and raise transportation costs
The sanctions aim to restrict revenue from the world’s second-largest oil exporter due to its ongoing war in Ukraine
Russian court issues $77.9 million fine to Google over regulatory violations
This marks a substantial rise from typical fines of around 4 million roubles levied on foreign technology platforms for non-compliance with Russian regulations