WASHINGTON (AP) — The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators. The bipartisan measure passed by a 242-184 vote. It was separated from more ambitious provisions aimed at reining in Meta, Google, Amazon and Apple…
(Reuters) -The Federal Communications Commission (FCC) on Thursday asked investment firm Standard General to produce further information about its proposed $5.4 billion takeover of U.S. broadcaster Tegna Inc. The FCC said it needed further information in order to review applications seeking consent to transfer control of Tegna’s subsidiaries, which own several licenses, to Standard General….
By Shubham Kalia (Reuters) -Singapore unveiled a package of measures for the property market, including tightening the maximum loan quantum limits for housing loans in response to a rise in interest rates, and new steps to moderate demand. The tightening of maximum loan quantum limits would ensure “prudent borrowing” and “avoid future difficulties” in servicing…
(Reuters) – Apple Inc’s Tony Blevins, a key player in the company’s supply chain operations, is leaving the iPhone maker, the company confirmed on Thursday, without providing a reason. The move comes after a TikTok video of the executive making a crude remark about women went viral. Bloomberg first reported Blevins’ departure. In a video…
By David Shepardson LAS VEGAS (Reuters) -Toyota Motor Corp President Akio Toyoda said California’s new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 will be “difficult” to meet. “Realistically speaking, it seems rather difficult to really achieve them,” Toyoda said on Thursday through a translator during a roundtable interview with…
ZURICH (Reuters) – Lindt & Spruengli’s foil-wrapped chocolate bunnies deserve protection from copycat products, Switzerland’s highest court ruled on Thursday, and ordered German discounter Lidl to stop selling a similar product in Switzerland and to destroy its remaining stock. Surveys submitted by Lindt showed Lindt’s Easter bunny was well known to the public, the Federal…
WASHINGTON (AP) — The U.S. economy grew faster than expected in the July-September quarter, the government reported Thursday, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear, and the solid growth reported for the…
By Nelson Bocanegra BOGOTA (Reuters) – Inflation in Colombia will have risen once again in September, sending full-year expectations for 2022 and 2023 upward and pressuring the central bank to extend rate rises beyond previous predictions, analysts said in a Thursday survey. The sixteen analysts consulted gave a median estimate of 0.74% for September price…
NEW YORK (Reuters) – U.S. prosecutors on Thursday unveiled criminal sanctions violations charges against Oleg Deripaska, a Russian billionaire who was among two dozen allies of President Vladimir Putin blacklisted by Washington over Moscow’s alleged meddling in the 2016 U.S. elections. The indictment filed in Manhattan federal court accused Deripaska of sanctions violations for retaining…
By Andrea Shalal WASHINGTON (Reuters) – The Biden administration will not nominate a candidate from the United States to head the Inter-American Development Bank (IDB) after this week’s ouster of Mauricio Claver-Carone after an ethics scandal, a Treasury spokesperson told Reuters. Claver-Carone, the first U.S. president in the 62-year history of the bank, was nominated…
