WASHINGTON: The Justice Department, which has been conducting an antitrust investigation of Alphabet Inc’s Google, plans to bring a lawsuit against Google as soon as this month, according to two sources familiar with the probe, who said the focus remains on search and advertising. Deputy Attorney General Jeff Rosen told […]
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FILE PHOTO: A Star Ferry boat crosses Victoria Harbour in front of a skyline of buildings during sunset. Hong Kong, China June 29, 2020. HONG KONG: Financial firms in Hong Kong are scrambling to fortify their compliance operations following US sanctions and China’s new national security law, even as […]
LONDON: Big oil producers are pinning their future growth on the world’s insatiable appetite for plastic, researchers said on Friday (Sep 4), in a “bet” on society’s failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments. The industry has faced increasingly urgent questions in recent […]
LONDON: Virgin Atlantic is preparing to cut more than 1,000 jobs after seeing a slower-than-expected recovery in international demand for air travel, Sky News reported on Thursday (Sep 3). The report comes as the company’s £1.2 billion (US$1.59 billion) rescue deal is set for completion this week after a London […]
BERLIN: German prosecutors have dropped their investigation into journalists of the Financial Times in connection with its reporting on the corporate fraud at payments firm Wirecard that eventually led to its collapse. The Munich public prosecutors office said it has discontinued the proceedings as it has not found enough evidence […]
SAN FRANCISCO: Facebook Inc said on Thursday (Oct 3) it would stop accepting new political ads in the week before the US election day on Nov 3, in a series of moves the company billed as its final plan for reducing risks of misinformation and election interference. Facebook, the world’s […]
NEW YORK: Apple Inc said on Thursday that it will delay until early next year changes to its privacy policy that could reduce ad sales by Facebook Inc and other companies targeting users on iPhones and iPads. The delay could benefit Facebook, which last week said the changes to the […]
WASHINGTON: The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labour market. The drop in initial claims to a five-month […]
File photo of a Maersk Line container ship. COPENHAGEN: Shipping group Maersk will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows. Maersk, which handles about one in five containers shipped worldwide, has been under pressure from investors to speed its […]
FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. SYDNEY: Facebook said on Monday (Aug 31) that it would block news publishers and people in Australia from sharing news on Facebook and Instagram if a proposal to force the US tech […]