Italy fines Amazon record $1.3 bln for abuse of market dominance
Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the
Category: Business
Meta’s WhatsApp will allow crypto payments through Novi wallet in U.S.
Meta Platforms Inc’s (FB.O) cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant’s messaging app, WhatsApp. The pilot
Credit Suisse plans next payout to Greensill fund investors
Credit Suisse (CSGN.S) plans a sixth payout in December to investors in frozen supply chain finance funds linked to Greensill, the Swiss bank said on
Analysis: Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo
For more than a decade, Alibaba Group (9988.HK) has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled
Watches of Switzerland says strong November sales bode well for Christmas
Luxury watch retailer Watches of Switzerland Group (WoS) (WOSG.L) said on Thursday trading in November supported its recently upgraded full-year guidance, after strong revenue growth
Shares of embattled developer China Evergrande rise 5% in early trade
Shares of China Evergrande Group (3333.HK) rose more than 5% on Thursday as hopes of a managed debt restructuring calmed fears of a messy corporate
Toyota halts production at 2 Japan factories due to supply shortage
Toyota Motor Corp (7203.T)has halted production at two factories in Japan due to a supply shortage, a spokesperson said. The stoppage means that Toyota cannot