South Africa’s Competition Commission, which has been probing online markets for the past 14 months, has provisionally found that Google’s search-engine practices distort competition in the company’s favor. Paid-for results…
Category: Technology
TSMC Hikes Outlook Yet Delays Spending as Uncertainty Looms
Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial projections, reflecting uncertainty about electronics demand…
Deutsche Telekom Sells Towers to Brookfield, DigitalBridge
Deutsche Telekom AG agreed to sell a majority stake in its towers unit in a deal that values the business at 17.5 billion euros ($17.5 billion), one of the largest…
Soon, You Can Scan QR Codes to Pay For Your Southeast Asian Trip
Southeast Asian central banks are targeting to link their payment systems within the year that will let people buy goods and services throughout the region by scanning QR codes. The…
Food Delivery Giant Meituan Hires Kuaishou’s Former Global Chief
Kuaishou Technology’s former international business leader Tony Qiu has joined Chinese food delivery titan Meituan, making the switch between internet companies at a time of elevated regulatory and economic challenges…
Hyundai Unveils Ioniq 6 in Push to Challenge Tesla and the Rest
Hyundai Motor Co. unveiled a sedan version of its cult electric vehicle Thursday, with an interior that can beam different colors depending on the speed of the car, as the…
JPMorgan Says Bitcoin Cost of Production May Be Down to $13,000
Bitcoin’s cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen as a negative for pricing, according to JPMorgan…