IT and Fintech

The European Union charged Google for Anti-competitive practices in advertising technology (ADTech) and may seek the breakup of parts of its business to resolve the bloc’s concerns. The executive arm of the EU, the European Commission reached a primary conclusion...

In her first tweet thread since becoming CEO of Twitter, Linda Yaccarino emphasized the company’s focus on freedom of speech, a topic which is most favored by owner Elon Musk. Yaccarino wrote on Twitter and in a memo to employees, “Twitter is on a...

Industry analysts are optimistic that Chinese chip makers will develop their own advanced semiconductors despite Washington’s attempts to cut the country off from accessing or manufacturing the technology. Daniel Newman, CEO and principal analyst at research firm Futurum Group said, “I...

The UK recently announced up to £1 billion ($1.24 billion) of support for its semiconductor industry to give a push to its domestic chip-making abilities and prevent further disruptions to supply chain systems after the call for help from...

Britain’s top competition regulator moved to block Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard. The measure marks a significant blow for the US tech company, as it seeks to convince authorities that it will benefit competition. Microsoft said it...

Twitter has announced a new feature that allows its Blue subscribers to tweet up to 10,000 characters messages that will also give them the option of bold and italic formatting. The recent features allow longer content than the short snippets...

HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO...

Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth...

Major economies in the world are coming up with plans to shift from fossil fuels to green hydrogen using low or zero-carbon technologies. Technological innovation, huge money, and tremendous political will are essential to make this shift and it is...

Center for Economics and Business Research (CEBR) says that high-interest rates by most influential central banks in the world to combat the inflation will lead to a recession in 2023. British consultancy in its yearly World Economic League Table said...