China has decided to halt its antitrust investigation into Google, a move that comes just months after regulators began probing the US tech giant for alleged violations of the country’s anti-monopoly laws. As per a report by Financial Times, the decision has not yet been formally communicated to Google, and…
Google is stepping up its commitment to Africa with plans to build four new infrastructure hubs across the continent. The hubs will serve as critical points for its subsea fibre-optic cables, Equiano and Umoja, which are set to land this year. The move marks another phase in the company’s ongoing…
Europe markets opened modestly higher on Thursday, amid the fresh backdrop of the US Federal Reserve’s recent interest rate cut. Investors appeared optimistic as they digested the Fed’s decision to reduce rates by 25 basis points, the first easing move by the central bank this year. Key indices reflected this…
Shares of British retailer Next fell by more than 6% in early trading on Thursday after the company warned that employment opportunities in the United Kingdom are likely to diminish in the second half of the year, raising concerns over consumer spending. The drop made the stock the top loser…
The Adani Group’s recent ban on sanctioned vessels is expected to temporarily decrease the flow of Russian crude into India, especially at Mundra port, Vortexa said.In a significant move impacting global energy markets, India’s largest private port operator, Adani Group, announced a ban on all sanctioned vessels across its 14…
Octopus Energy, Britain’s largest electricity supplier, said on Thursday it would spin off its technology arm Kraken Technologies into a standalone company, marking a significant step in the group’s strategy to focus on core operations while allowing its fast-growing tech division to pursue independent growth.The company also announced the appointment…
The Bank of England voted on Thursday to keep interest rates steady at 4%, balancing sticky inflation pressures with a weak economic backdrop.The Monetary Policy Committee (MPC) opted by a 7-2 vote split to hold its benchmark rate unchanged, marking a pause after August’s 25 basis point reduction. While the…
Shares of British retailer Next fell by more than 6% in early trading on Thursday after the company warned that employment opportunities in the United Kingdom are likely to diminish in the second half of the year, raising concerns over consumer spending. The drop made the stock the top loser…
The FTSE 100 Index is doing well this year, despite the UK economy facing stagflation, high interest rates, and a risky doom loop. It has jumped by over 20% from the lowest level this year as investors wait for the upcoming BoE interest rates decision. FTSE 100 Index thrives despite the…
South Korea’s biggest conglomerates — Samsung Group, SK Group and Hyundai Motor Group — have unveiled large-scale hiring commitments aimed at easing the country’s worsening youth employment crisis. Together, the three firms plan to create 75,200 jobs over the next two years, a move that comes after President Lee Jae…