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Mega Millions jackpot grows to $820 million with a possible cash payout of $422 million
Mega Millions jackpot grows to $820 million with a possible cash payout of $422 million
The Mega Millions top prize has jumped to an estimated $820 million after there was no grand prize winner in the latest drawing
2023-07-22 12:45
Burjeel Holdings and US-based Northwell Health To Launch Neuroscience Institute in UAE
Burjeel Holdings and US-based Northwell Health To Launch Neuroscience Institute in UAE
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Jun 9, 2023--
2023-06-09 23:54
Esoteric Fines Pile Up as China’s Provinces Hunt for Revenue
Esoteric Fines Pile Up as China’s Provinces Hunt for Revenue
China’s indebted local governments are using a controversial way to generate revenue as they struggle to pay bills:
2023-06-12 05:20
Stock Market Rally Is Set to Weather Higher Bond Yields, Investors Say
Stock Market Rally Is Set to Weather Higher Bond Yields, Investors Say
This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according
2023-09-04 23:29
UK Energy Price Cap Falls But Millions Set For Higher Bills
UK Energy Price Cap Falls But Millions Set For Higher Bills
UK energy bills are set to fall from October though millions of households could still face higher costs
2023-08-25 15:25
Australia's Domino's Pizza expects higher profit in fiscal 2024
Australia's Domino's Pizza expects higher profit in fiscal 2024
Australia's Domino's Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than
2023-11-01 13:17
World Bank Says Saudi Economy to Shrink on Lower Oil Output
World Bank Says Saudi Economy to Shrink on Lower Oil Output
Saudi Arabia’s economic output is expected to contract this year as a series of oil-supply cuts pose a
2023-10-06 14:55
S.Korea central bank says coordinated efforts needed to deal with household debt
S.Korea central bank says coordinated efforts needed to deal with household debt
SEOUL South Korea's central bank said on Thursday it needs to make coordinated efforts to contain household debt,
2023-09-14 11:27
Japan Aims for Women to Make Up 30% of Directors at Top Firms
Japan Aims for Women to Make Up 30% of Directors at Top Firms
Japan will aim to have women make up at least 30% of directors at major firms by 2030,
2023-06-06 11:27
Google goes to court in what could be the biggest tech trial in a generation
Google goes to court in what could be the biggest tech trial in a generation
Google and the US Justice Department are beginning what might be the most decisive tech trial in a generation. The lawsuit could have substantial consequences – not only for the search giant, but for its rivals such as Apple and Meta, and the technology industry more broadly. The antitrust trial will examine claims from critics that Google has unfairly used its power to become dominant in a variety of parts of technology, in particular its search engine. The United States will argue Google didn’t play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple, wireless companies like AT&T and browser makers like Mozilla to keep Google‘s search engine atop the leader board. DuckDuckGo has also complained, for example, that removing Google as the default search engine on a device and replacing it with DuckDuckGo takes too many steps, helping keep them to a measly 2.3% market share. DuckDuckGo, Microsoft and Yahoo are among a long list of Google competitors who will be watching the trial closely. “Google makes it unduly difficult to use DuckDuckGo by default. We’re glad this issue is finally going to have its day in court,” said DuckDuckGo spokesman Kamyl Bazbaz who said thatGoogle had a “stranglehold on major distribution points for more than a decade.” Google has denied wrongdoing and is prepared to vigorously defend itself. The legal fight has huge implications for Big Tech, which has been accused of buying or strangling small competitors but has insulated itself against many accusations of breaking antitrust law because the services the companies provide to users are free, as in the case of Alphabet’s Google and Facebook, or low price, as in the case of Amazon.com. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. “This will be a major case, particularly for the major tech companies of the world (Google, Apple, Twitter, and others), which have grown to have an outsized role in nearly all our lives,” he added. Previous antitrust trials of similar importance include Microsoft, filed in 1998, and AT&T, filed in 1974. The AT&T breakup in 1982 is credited with paving the way for the modern cell phone industry while the fight with Microsoft is credited with opening space for Google and others on the internet. Congress tried to rein in Big Tech last year but largely missed. It considered bills to check the market power of the companies, like legislation to prevent them from preferencing their own products, but failed to pass the most aggressive of them. Big Tech’s rivals now pin their hope on Judge Amit Mehta, who was nominated by former President Barack Obama to the U.S. District Court for the District of Columbia. The lawsuit that goes to trial was brought by former President Donald Trump’s Justice Department. In a rare show of bipartisan agreement, President Joe Biden’s Justice Department has pressed on with the lawsuit and filed a second one against Google in January focused on advertising technology. Judge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. The government has asked the judge to order Google to stop any illegal activity but also urged “structural relief as needed,” raising the possibility that the tech giant could be ordered broken up. The government’s strongest arguments are those against Google‘s revenue sharing agreements with Android makers, which requires Google to be the only search on the smartphone in exchange for a percentage of search advertising revenue, said Daniel McCuaig, a partner at Cohen Milstein who was formerly with the U.S. Justice Department’s Antitrust Division. Additional reporting by Reuters Read More AI can help generate synthetic viruses and spark pandemics, warns ex-Google executive Google boss says he wants to make people ‘shrug’ How Google reshaped the world – and is about to do it all over again AI is using vast amounts of water Elon Musk says monkeys implanted with Neuralink brain chips were ‘close to death’ Volcano discovery could power electric cars for decades, scientists say
2023-09-12 01:56
Venezuela’s Machado to Present Debt Refinancing Plan in New York
Venezuela’s Machado to Present Debt Refinancing Plan in New York
Venezuela’s leading opposition candidate, María Corina Machado, will present her economic plan, including a debt restructuring proposal, to
2023-06-29 06:47
Lyndie Benson: Kenny G's ex-wife demands the sale of Malibu mansion rented by Jeff Bezos for $600K a month
Lyndie Benson: Kenny G's ex-wife demands the sale of Malibu mansion rented by Jeff Bezos for $600K a month
Lyndie Benson also wants Kenny G to hand over any rental earnings generated by the Jeff Bezos deal
2023-06-23 06:15