The European Commission is reportedly preparing to fine Apple approximately 500 million euros for alleged breaches of EU competition law, as reported by the Financial Times. The investigation was initiated after Spotify filed a formal complaint, accusing Apple of hindering third-party music services on its devices while favoring its own Apple Music service. One of
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Sony faced a major setback last week when it announced a reduction in its sales forecast for the PlayStation 5 console for the fiscal year. This decision led to around $10 billion of value being wiped off Sony’s stock, causing concern among analysts. The new sales forecast now stands at 21 million units, down from
Norway has been making headlines for having the highest electric vehicle adoption rate in the world. With a staggering 82% of new car sales being electric vehicles in 2023, Norway has far surpassed other countries like the U.S. and China. This remarkable feat is a result of the Norwegian government’s long-standing initiatives to incentivize the
The cryptocurrency exchange giant, Coinbase, experienced a significant surge in its shares, soaring by 12% during U.S. premarket trading after unveiling its first quarterly profit in two years. This breakthrough has undoubtedly marked a game-changing milestone for the company, instilling investors’ confidence and triggering positive market reactions. Coinbase, the most prominent cryptocurrency venue in the
New York City Mayor Eric Adams has taken a bold step in addressing the mental health crisis among young adults and children in the city. On Wednesday, Adams announced that his administration has filed a lawsuit against the parent companies of popular social media platforms TikTok, Instagram, Facebook, Snapchat, and YouTube. The lawsuit, filed in
Waymo, the self-driving vehicle unit of Alphabet, recently made headlines with its decision to file a voluntary recall notice for software used in their driverless cars. This move marks a significant first for the company and raises questions about the safety of autonomous vehicles. In this article, we will analyze the implications of Waymo’s voluntary
Shopify, the Canadian e-commerce giant, recently released its fourth-quarter earnings report, surpassing market expectations. While the company reported better-than-expected earnings per share and revenue, its guidance for the coming quarter fell short of Wall Street’s projections. This article examines Shopify’s performance and analyzes the potential implications for its future. Shopify delivered a strong performance in
The race for cloud supremacy continues to heat up, with Amazon Web Services (AWS) still maintaining its position as the cloud leader. However, Microsoft Azure is quickly closing the gap and emerging as a strong competitor. Over the past five years, Azure has grown to about three-quarters the size of AWS, indicating substantial progress for
China’s Semiconductor Manufacturing International Co. (SMIC) has been pursuing the manufacturing of advanced chips, despite facing U.S. sanctions. These sanctions aim to slow down China’s progress in the semiconductor industry. While SMIC’s advancements seem significant, there are still concerns regarding the long-term viability of China’s bid for self-sufficiency in this field. SMIC, as China’s largest
Bitcoin has continued its remarkable surge, with its price surpassing $47,000 for the first time in almost two years. This latest milestone comes after the cryptocurrency experienced a more than 4% increase on Friday to reach a price of $47,307. The last time Bitcoin reached this level was back in March 2022. The surge in