Page 196 - Bloomberg/reuters

As regulators get tough, Big Tech's easy ride is coming to an end

Now Google and Apple are getting slapped for those blatantly unfair advantages

Joe Biden urged to reconsider $14 bn US Steel takeover by Nippon Steel

US Steel closed up 7 per cent in New York on Wednesday after recording the biggest intraday increase since Dec 18 earlier

HDFC in talks with int'l banks to offload $1 bn in loans to cut credit book

The proposed loan portfolio sales, with terms yet to be finalised, would take place through a debt instrument known as pass through certificates, the people added

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter

China asks its carmakers to keep advanced EV technology within country

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

SpaceX's rival AST SpaceMobile soars 1,300%; now comes the satellite launch

AST's stock is up about 1,300% since hitting a record low in April and the best performer in the small-capitalization Russell 2000 Index over the past six months

One Bavarian Nordic smallpox shot 58% effective against Mpox, shows study

One vaccination provided about 58 per cent protection against Mpox infection, researchers found in the study

Human activity imperiling planet's critical life-support systems: Study

Looking at necessities of a livable Earth - including the climate, freshwater systems, biodiversity and soil nutrients - the researchers find almost all have crossed crucial thresholds

Harris-Trump US Presidential debate's 67.1 mn viewers top Trump-Biden

Vice President Harris targeted the former president for his felony convictions, his wealth and his role in overturning the federal right to an abortion

Red Sea crisis produces winners & losers in Asia as freight rates spike

Chinese shippers including Cosco Shipping Holdings Co. saw earnings lifted by higher revenue from its container shipping business

Google debated cutting fees for ad exchange 8 yrs ago, ex officials testify

In a trial that kicked off this week in federal court in Alexandria, Virginia, antitrust enforcers allege that Google has monopolised the technology used to buy and sell online display advertising

Honda Motor cuts jobs in China, pauses production at three plants

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

IBM shares near record level as company shifts focus to software, AI

International Business Machines Corp. is up 26 per cent this year, beating tech giants like Apple Inc., Microsoft Corp., Amazon.com Inc. and Alphabet Inc

Ukraine wants India to play more active role in ending war with Russia

India is reliant on Russia for military weapons and cheap oil, and has refrained from condemning Vladimir Putin for his invasion of Ukraine two years ago

Hedging against volatility in NSE Nifty Bank Index suddenly looks cheap

Indian bank stocks have lagged the broader market, with sluggish deposit growth raising concerns that more regulation may be coming

L&T joins semiconductor race, to create chip firm and invest over $300 mn

The tech-to-construction company will spend the money over three years to establish a fabless chipmaker, which designs and sells semiconductors but contracts out their production

Boeing must be 'in the green' before 737 Max cap lifted, says FAA chief

The FAA capped output of Boeing's 737 Max at a rate of 38 per month in the wake of a January near-catastrophe, in which a door cover blew off during flight

US airlines may soon face cash penalties for delayed, cancelled flights

This proposed compensation scheme would mean US airlines would have to pay a set cash payment amount to each passenger on a disrupted flight, in addition to compensation for meals and lodging

BMW brake recall, VW job threat deepen German automobile industry crisis

BMW shares plunged after the company disclosed the spiraling cost of a recall affecting 1.5 million vehicles due to faults with their Continental AG braking systems

Mario Draghi's call for joint EU bonds hits wall of German opposition

That reaction from Berlin highlights the challenges of turning a 400-page recipe to restore competitiveness and help the bloc compete on global markets into reality