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Italy fines Amazon record $1.3 bln for abuse of market dominance
December 22, 2021December 16, 2021 laurlorecom

Italy fines Amazon record $1.3 bln for abuse of market dominance

Business

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

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Meta’s WhatsApp will allow crypto payments through Novi wallet in U.S.
December 21, 2021December 16, 2021 laurlorecom

Meta’s WhatsApp will allow crypto payments through Novi wallet in U.S.

Business

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

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Credit Suisse plans next payout to Greensill fund investors
December 20, 2021December 16, 2021 laurlorecom

Credit Suisse plans next payout to Greensill fund investors

Business

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

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Analysis: Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo
December 19, 2021December 16, 2021 laurlorecom

Analysis: Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

Business

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

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Watches of Switzerland says strong November sales bode well for Christmas
December 18, 2021December 16, 2021 laurlorecom

Watches of Switzerland says strong November sales bode well for Christmas

Business

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

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Shares of embattled developer China Evergrande rise 5% in early trade
December 17, 2021December 16, 2021 laurlorecom

Shares of embattled developer China Evergrande rise 5% in early trade

Business

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

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Toyota halts production at 2 Japan factories due to supply shortage
December 16, 2021 laurlorecom

Toyota halts production at 2 Japan factories due to supply shortage

Business

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

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