UAE’s Emirates Telecom buys 50% stake in Careem super app for $400m
UAE telco company, Etisalat, is taking a page out of India’s playbook by launching its own super app, Breakingviews. Hoping to emulate the success of India’s Jio Platforms and its all-in-one app JioMart, Etisalat’s Breakingviews aims to offer customers a seamless experience that combines e-commerce, digital payments, and a variety of other services. As the […]
Oil prices rise on potential China stimulus and drop in US crude stockpiles
Oil prices have been on the rise recently as hopes for a Chinese economic stimulus and a weaker dollar have buoyed the market. With China’s economy showing signs of slowing down, investors have been waiting for the government to announce a new round of stimulus measures, which could potentially increase demand for oil. Additionally, a […]
Bitcoin Surpasses $30,000 for the First Time in 10 Months as Investors Bet on Fed Shift
Bitcoin has been on a rollercoaster ride in 2021, surpassing $30,000 for the first time on January 2nd. This latest surge is partly due to investors anticipating the end of rate rises and seeing Bitcoin as a hedge against higher inflation. But with its notorious volatility, the cryptocurrency market is not for the faint of […]
Gold falls below $2,000 as dollar rises on strong US jobs data
The price of gold has been steadily climbing over the past few months, hitting an all-time high of over $2,000 per ounce in early August. However, recent news of positive US jobs growth has lifted the value of the dollar and caused the price of gold to fall below $2,000. This development has sparked concerns […]
FTC seeks preliminary injunction against ICE’s acquisition of Black Knight
The Federal Trade Commission (FTC) has called for a temporary halt to the proposed acquisition of Black Knight, a mortgage technology firm, by Intercontinental Exchange (ICE). The FTC has expressed concerns that the deal could lead to reduced competition, ultimately hurting consumers. The proposed merger, worth $11 billion, has already faced opposition from industry experts […]
Fanatics to Run Official Online Stores for Italy’s National Soccer Team and Serie A Clubs
Fanatics, the leading global sports retailer, has made a bold move by announcing a major partnership with EPI, the innovative and fast-growing online betting platform. The deal brings together two giants in their respective fields, with Fanatics set to leverage EPI’s expertise in sports betting to enhance the fan experience for Italian soccer fans. With […]
Data shows Vietnam dispatches ship to monitor Chinese vessel enforcing control over Russian gas field in EEZ.
Tensions between Vietnam and China have once again escalated as Vietnam announced the deployment of a ship to track a Chinese vessel patrolling a Russian gas field within Vietnam’s exclusive economic zone (EEZ). This move comes amid increasing disputes between the two countries over territorial claims in the South China Sea. With geopolitical tensions on […]
Unlearn, a biotech AI startup, secures $15 million and appoints OpenAI’s CTO to its board.
Biotech AI startup, Unlearn, has recently gained some notable support in the form of $15 million in funding and the addition of OpenAI’s Chief Technology Officer, Greg Brockman, to their board. As the healthcare industry continues to embrace the potential of artificial intelligence, Unlearn is at the forefront of developing technologies that can leverage data […]
Sources claim Microsoft’s EU solutions primarily focus on competition from cloud streaming competitors.
Recently, Microsoft has been in the spotlight for its alleged anti-competitive practices in the European Union. In an effort to address these concerns, the tech giant has proposed a series of remedies to alleviate regulatory pressure. However, according to inside sources, these remedies could potentially benefit only cloud streaming rivals while leaving out other competitors, […]
Microsoft proposes solutions to EU to gain approval for Activision acquisition
Microsoft’s impending acquisition of Activision Blizzard is under scrutiny following concerns from EU regulators that the deal could harm competition in the gaming industry. To seek approval from the EU, Microsoft has presented a plan of remedies offering concessions that would address concerns about their market position. This article will explore the EU’s concerns and […]