On Wednesday, U.S. Secretary of Treasury Janet Yellen said that cryptocurrency markets require more reliable oversight. According to Reuters, this statement was made after the crash on the FTX cryptocurrency exchange.
The Freeport LNG plant has told customers that it will likely cancel deliveries scheduled for November and December because repairs and regulatory approvals have not yet been completed.
The Boeing Company set hopes for a meeting of Joe Biden and Xi Jinping which will take place on Monday. It has been 3.5 years since Chinese airlines received the last few Boeing 737 Max airplanes.
Famous American companies Apple Inc and Amazon.com Inc were accused of conspiring in order to deliberately raise prices of new iPhone and iPad models. The basis for a formal complaint was deletion of almost all Apple product resellers from the Amazon e-commerce platform.
Trade group CISPE, which includes Amazon, has filed an antitrust complaint against Microsoft before the European Commission. The group accused the tech giant of having anti-competitive cloud computing practices.
Boeing on Tuesday urged regulators to set the same strict safety standards for the new generation of air taxi as for commercial airplanes.
Microsoft’s offer to buy Activision Blizzard, one of the largest video game producers, is under a thorough investigation of the European Union (EU) regarding the potential harm that it might cause to competition in the gaming industry.
Wells Fargo is facing the U.S. Consumer Financial Protection Bureau (CFPB) demand for the fine exceeding $1 billion. The regulator is levying a fine against the financial services company to settle a series of investigations into mistreatment of customers, as reported by Bloomberg News.
Telecom providers say the European Union needs to adopt new legislation on network costs that should be paid by big tech companies.
On Wednesday, the Chinese government locked down the world's largest iPhone enterprise. The zone surrounding the enterprise was declared closed because of a local coronavirus outbreak.
