EU Plans Meta Antitrust Fine
The EU plans to impose an antitrust fine against Meta Platforms for connecting its Marketplace classified advertisements with the social media network Facebook.
Business
EU and Singapore Conclude Negotiations on DTA
The EU and Singapore concluded negotiations for a Digital Trade Agreement (DTA).
HT Revenue and Profit Grew in 1H24
Hrvatski Telekom achieved strong commercial results in the first half of 2024 with 6.1% YoY revenue growth to €521.6 million.
ENT Reports Revenue and Profit Drop in 1H24
Croatian-based Ericsson Nikola Tesla had a drop in revenue and profit in the first half of 2024.
Amazon Lost $25 Billion on Alexa-Powered Devices
Amazon lost more than $25 billion in its devices division between 2017 and 2021.
EU, US, and UK Regulators Commit to Competitive AI Principles
Regulators representing the UK, US, and EU signed a joint agreement outlining principles to encourage AI safety and competitiveness.
Wiz Abandoned $23 Billion Acquisition Talks with Alphabet
After recent rumors on the possible acquisition, Israeli cybersecurity firm Wiz abandoned talks on a proposed $23 billion deal with Alphabet.
EC Investigates Agreements in the Online Food Delivery Sector
The European Commission has opened a formal antitrust investigation to assess whether Delivery Hero and Glovo have breached EU competition rules by participating in a cartel.
IT Outage Affected 8.5 Million Windows Devices
The worldwide service outage, caused by CrowdStrike's software update, impacted an estimated 8.5 million Windows devices, Microsoft said.
EC Coordinates Action Against Meta's Pay-or-Consent Model
The Consumer Protection Cooperation (CPC) Network sent a letter following concerns that Meta's ‘pay or consent' model might breach EU consumer law.
Trump Said TikTok Shouldn't Be Banned in the US
The US Republican presidential candidate Donald Trump said he would not push ahead with a ban on TikTok if elected.
CMA Investigates AI Partnership Between Microsoft and Inflection
Competition and Markets Authority (CMA), the UK’s competition watchdog, opened a formal investigation into Microsoft over its move to hire staff from Inflection AI.
Anthropic and Menlo Ventures to Start $100 Million AI Fund
Investment company Menlo Ventures and Anthropic launched a $100 million fund earmarked for early-stage AI startups.
Alphabet in Talks to Acquire Wiz in a $23 Billion Deal
Alphabet is finishing plans to buy Israeli cybersecurity startup Wiz for $23 billion.
Microsoft Cloud Outage Causes Chaos Worldwide
Widespread reports of issues with Microsoft applications across the globe partially paralyzed numerous services.
ENT Signs Several New Contracts Worth More Than €15 Million
Ericsson Nikola Tesla signed new contracts worth more than €15 million.
Amazon Broke Sales Records in 2024 Prime Day Event
Amazon announced that Prime Day 2024 was the company's biggest Prime Day shopping event ever.
Nokia Reports Sales and Profit Drop in Q2, Expects Recovery in H2
Nokia CEO Pekka Lundmark said that continued challenges for its Mobile Network division during the second quarter contributed to an 18% drop in sales across the business.
Huawei to Open $1.4 Billion Mega Facility this Year
Huawei’s $1.4 billion R&D facility in Shanghai is to enter into operation this year, the government revealed.
A1 Reports Revenue Growth and Income Drop in 2Q24
In the second quarter of 2024, A1 Group's revenues increased due to higher service revenues.
