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15 July
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Google closes the streaming service Stadia
On Thursday, Google closed the streaming service Stadia.
30 September 2022
Amazon and major publishers win dismissal of antitrust lawsuits
On Thursday, a federal judge dismissed two antitrust lawsuits against Amazon.com Inc. and five major publishers accusing them of plotting to fix the price of e-books and traditional books in the US.
30 September 2022
Yuan fails to confront a strengthening US dollar, and traders bet on its further weakening
On Wednesday, the onshore yuan has fallen to its lowest level since 2008 (7.2521 yuan per US dollar). This event caused another verbal warning against currency speculations from the People’s Bank of China. The bank’s representatives highlighted that it has a considerable experience in coping with such currency turmoil.
29 September 2022
India opens up opportunities for manufacturing to draw Apple
India is planning to encourage localization of tablet and laptop production by attracting such companies as Apple Inc. and Dell Technologies Inc. The country is ready to compete with China to become a manufacturing hub.
29 September 2022
Verizon to include home broadband in Pay-as-You-Go extension
Verizon Communications Inc. is preparing to launch a home wireless Internet service with a pay-per-use option. The service will come out next month available to members of bonus programs. Thus, the company doubles its own development prospects in the prepaid market, since increasing the number of new customers is quite a challenge.
29 September 2022
Merck allows Sinopharm to sell its coronavirus drug in China
On Wednesday, a statement was released by drugmaker Merck & Co, according to which the company will allow the Chinese company Sinopharm to distribute and import the COVID-19 antiviral drug molnupiravir on China’s territory in case of its approval.
29 September 2022
Amazon increases labor costs by $1 billion a year
Amazon.com Inc. has reported an hourly workers wage increase in the United States. According to the company’ statement, it will increase the average starting wage to more than $19 an hour for most employees working in warehouses and transportation.
29 September 2022
According to Truss, tax cuts in Great Britain while market crashes are the "right plan"
The UK is enduring a huge package of unfunded tax cuts by its government. The consequence was the fall of the pound sterling.
29 September 2022
Final Data about GDP may confirm the recession in the USA
On Thursday, the economists will publish the data that will finally reveal whether the economy of the USA entered a recession in the first half-year.
29 September 2022
Foreigners are exiting Japanese assets and giving a signal of liquidity demand
The growing probability of a global economic slowdown has affected the lookout for liquidity.
29 September 2022
