Amazon shares marketplace data with rivals to avoid hefty fines by EU

To persuade the European Union (EU) antitrust regulators to shut down their investigation without levying a fine by the year-end, Amazon Inc. has reportedly pledged to share its marketplace data with sellers as well as increase the visibili....

LG Energy Solution reveals new plan to expand EV battery production

LG Energy Solution, a South Korean lithium-ion battery cell developer, has recently announced a USD 567 million plan to expand battery production for electric vehicles in the country. The new battery plan includes next-generation 4680-type ....

Japanese video game giant Nexon to double down on Western expansion

Japan-based Nexon Co. Ltd., one of the world’s largest video game businesses in terms of market capitalization, is reportedly planning for global expansion, emphasizing more on the Western regions. For those unaware, Nexon is the i....

Apple planning to fund its BNPL loans using its own balance sheet

Apple Inc. is reportedly planning to handle the lending of its upcoming BNPL (buy now, pay later) service from its corporate balance sheet. The tech giant has claimed that its treasury department will plan the exact method on how to fund th....

Streaming giant Spotify eyeing USD 100 billion in the next 10 years

Spotify is reportedly planning to generate around USD 100 billion in revenue along with vast profits in the next decade, which will be facilitated through its costly developments into audiobooks and podcasts. Sources claimed that for the....

Uber Freight and Alphabet’s Waymo team up for future autonomous trucks

Alphabet Inc.'s self-driving trucking unit Waymo Via and Uber Technology Inc.'s Freight business has recently announced a long-term strategic agreement that will allow customers to efficiently use autonomous trucks in the future. ....

GM’s Cruise plans to launch driverless taxi services in San Francisco

General Motors (GM) Company and Cruise LLC, the autonomous vehicle unit, are reportedly planning to launch a commercial self-driving taxi service in San Francisco. The development comes after the California Public Utilities Commission (CPUC....

Apple blocked nearly 1.6 million suspicious apps in the previous year

Apple Inc. announced that its App Store App Review team has blocked more than 343,000 iOS apps for privacy concerns, whereas another 157,000 were banned for deliberately misleading or spamming. Over 34,500 apps were also prevented from bein....

Coinbase announces extension of hiring freeze; revokes some offers

Coinbase has reportedly announced that it will continue its pause on hiring new personnel and rescind some accepted offers from candidates who are yet to join. Two weeks ago, Coinbase, the third-largest crypto exchange platform, slowed d....

CCI to investigate deals between e-commerce giants & online vendors

Amazon and Flipkart, two of India’s largest e-commerce companies, have once again come under the investigation of the Competition Commission of India (CCI). The Indian competition watchdog has initiated a probe over document....