Apple is to be fined â¬500m (£427m) for allegedly hobbling rivals in the music streaming market. The Financial Times reported that the EUâs executive arm, the European Commission, will hand down the punishment after a long-running investigation. Why does Apple face the prospect of a fine? After a complaint by Spotify in 2019, the EU … Read more
Kemi Badenoch has accused the Post Office chair she sacked of a “blatant attempt to seek revenge” after he made explosive allegations about the government’s handling of the Horizon scandal. The business secretary launched an extended attack on Henry Staunton in the Commons on Monday, and claimed that he was under investigation for bullying when … Read more
Grasim Industries. Share Price 2168.60 03:59 PM | 19 Feb 2024 62.95(2.99%) Bajaj Finserv. Share Price 1620.15 04:07 PM | 19 Feb 2024 44.25(2.81%) Bajaj Auto. Share Price 8509.70 03:59 PM | 19 Feb 2024 184.66(2.22%) Cipla. Share Price 1470.35 04:07 PM | 19 Feb 2024 29.65(2.06%) ICICI Bank. Share Price 1043.75 03:59 PM | … Read more
The director general of the BBC has told MPs he is pleased with the new licence fee settlement, in which the government reneged on an agreement and cut the planned annual rise by a third. Tim Davie has said he “welcomes” the six-year deal as it insulates the corporation from the ongoing volatility in the … Read more
Tokyo: SoftBank Group’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2% after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. … Read more
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine. EU industry chief Thierry Breton said he took the decision after analysing the short video app’s risk assessment report … Read more
Washington: Americans haven’t elected an independent president since George Washington, but a public turned off by two historically unpopular frontrunners appears more open than ever to the rich crop of wildcards who could tilt the election in 2024. Voters have made clear in multiple polls that they don’t want a rematch between Joe Biden and … Read more
New rules for short-term holiday lets in England were unveiled by the government on Monday, with the aim of reining in a sector that campaigners claim is “out of control”. Amid growing concern about an explosion in the number of properties being let out on a short-term basis, leading to local residents being pushed out … Read more
It’s a long time since anybody described Currys, or Dixons as it was in a former incarnation, as a jewel of the London stock market. The electricals retailer was relegated from the FTSE 100 index as long ago as 2017, soon after its foolish value-destroying merger with Carphone Warehouse. These days it exists in that … Read more
The Bank of England risks making the UKâs recession worse unless it cuts interest rates soon to ease the pressure on households amid the cost of living crisis, its former chief economist has warned. Andy Haldane, who had been a leading advocate of raising interest rates before leaving the central bank in 2021, said there … Read more
