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Tuesday, December 9, 2025
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Google ditches EU antitrust complaint about Microsoft cloud amid EU probe

by David Harrison – Chief Editor November 29, 2025
written by David Harrison – Chief Editor

Google has withdrawn it’s antitrust⁤ complaint against Microsoft with the⁢ European Union, as ⁣the EU’s own investigation into Microsoft’s‍ cloud practices progresses, Reuters has learned. The move comes as Brussels⁢ is expected to ​soon issue a Statement of Objections, ​a formal charge sheet in antitrust cases, signaling a ⁢deepening scrutiny of Microsoft’s bundling of its Teams interaction and collaboration⁤ platform ⁢with ⁤its Office suite.

Google initially filed ‍the ⁢complaint in 2023, ‌alleging ‌Microsoft was​ unfairly⁣ leveraging its dominance in office productivity software to gain ‍an⁤ advantage in⁢ the cloud computing market. Though, with the ⁣EU’s autonomous and comprehensive investigation already⁢ underway – possibly leading to significant penalties for Microsoft – Google has decided to⁣ discontinue its separate‌ challenge.The EU probe centers on whether Microsoft illegally tied Teams to office,hindering competition from rival products. A decision ⁣in the ‍EU case ​could ⁣reshape the cloud market ‍and impact ‌millions of businesses ⁤relying‍ on these services.‌

Foo Yun‍ Chee of ⁣Reuters reported that google ⁤confirmed the ⁢withdrawal of its complaint. The EU‌ Commission did not immediately respond to a ⁤request for ⁢comment.

November 29, 2025 0 comments
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World

Airbus A320 recall disrupts Asian travel as carriers scramble to patch software

by Lucas Fernandez – World Editor November 29, 2025
written by Lucas Fernandez – World Editor

Airbus⁣ A320 Software Glitch Forces Urgent Repairs, disrupting Travel Across Asia

Hong Kong/Singapore – A widespread‌ software issue affecting Airbus A320 family aircraft is forcing airlines across Asia to ground ‍planes for urgent repairs, causing travel disruptions ⁤and logistical challenges for carriers. Teh⁢ European plane maker issued a recall notice impacting approximately 1,200 aircraft globally, with a important ⁤concentration in the Asia-Pacific region, according to aviation‍ sources.

The⁣ issue centers on a⁤ potential glitch in the aircraft’s flight⁢ control system software, specifically related to the ⁤rudder control computers. while Airbus maintains there ​is ⁣no immediate ​safety⁣ risk, the software flaw ‌can lead‌ to reduced‌ rudder authority, potentially requiring pilots to exert more force ​to control ​the aircraft. The disruption comes⁣ at a critical time for the travel industry, already navigating increased demand and staffing‌ shortages, and could exacerbate delays and ⁢cancellations⁤ during peak seasons.

The recall affects​ A320ceo ‍(current​ engine option) and A320neo (new engine option) aircraft. Airlines‍ are required to perform a software update,a process that takes several hours per ⁣aircraft,necessitating grounding. Carriers including AirAsia,​ Vietjet Air, and IndiGo have confirmed they are working ​to address the issue, with some already experiencing schedule adjustments.

“We are working closely with Airbus to ‌minimize disruption to our operations and ensure the safety of our passengers,” stated a spokesperson for airasia. “We are prioritizing aircraft maintenance and implementing schedule changes where necessary.”

According to⁣ a notice from the Civil Aviation Authority of Singapore (CAAS), airlines operating affected aircraft were instructed to implement the software update within the next week. Similar ​directives have been issued by aviation regulators in other countries across the region.

The Airbus A320 ‌family is the world’s most ⁣popular ⁢narrow-body aircraft, with over 7,700 in ‌service ‍globally.‍ The current recall highlights the increasing complexity of modern aircraft systems and ⁤the⁢ challenges of maintaining software integrity across a ‍vast fleet.Airbus is working to provide​ airlines with the necessary software updates ⁢and technical support to expedite the repair process and restore normal operations.Passengers are advised to check ⁢with their‌ airlines for the latest flight status updates.

November 29, 2025 0 comments
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World

Title=Russia Threatens Full Ban on WhatsApp

by Lucas Fernandez – World Editor November 28, 2025
written by Lucas Fernandez – World Editor

russia’s communications regulator Roskomnadzor⁢ warned‍ on Tuesday it may fully ‌ban ⁤WhatsApp within the country, citing the messaging app’s violations of Russian data⁤ storage laws​ and its failure too cooperate with authorities. The potential ⁢ban escalates tensions between Moscow and the Meta-owned platform,impacting millions of Russian ‌users who rely on ⁣WhatsApp for personal and‍ business dialog.

The threat ⁣follows⁤ repeated warnings⁢ and fines levied against Meta for not storing user‌ data ‍on servers within Russia,⁤ a requirement under a 2015 law. ⁢Roskomnadzor alleges WhatsApp has​ repeatedly ignored these demands and has also failed to ⁤adequately ‍address requests for information related to user ‍accounts.⁤ A complete ban would mark a significant step in Russia’s increasing‌ control over its‍ digital‍ sphere, mirroring previous​ actions ‌taken against⁢ platforms​ like Twitter and Facebook.

Roskomnadzor stated it has ‍documented “systematic violations” by whatsapp,and that these breaches pose a risk to the⁣ rights ⁣and freedoms of Russian ‍citizens. ‍The regulator has the authority to block access to online services that fail to comply with Russian ‌law. ⁢ The agency⁢ did not specify a timeline for a potential ban, but indicated it is considering all available measures.

WhatsApp currently has an estimated ⁢72 million monthly active users⁤ in Russia, according to Statista data from Febuary 2024. A ⁤ban would force users to migrate⁣ to choice messaging apps, potentially bolstering domestic platforms like Telegram, which already enjoys significant popularity in the country.

“We are committed to protecting the privacy and security of ⁢our users,” a Meta spokesperson ​said ‌in a⁤ statement. ⁢”We are reviewing the ​latest information and will​ continue to​ advocate for the right of people to connect ⁤freely and ‍securely.”

Russia has been increasingly assertive in its efforts to control the flow of information online,‌ notably since its invasion of ‍Ukraine in ‍February 2022. The‌ government has implemented stricter regulations‍ on social media platforms and has actively blocked access​ to independent news ‍sources. The‌ potential ban ‍on WhatsApp is seen by many as a ⁤continuation of ⁣this trend,⁣ further isolating Russia’s digital landscape.

November 28, 2025 0 comments
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Business

Title: CME Trading Halt Disrupts Global Markets

by Priya Shah – Business Editor November 28, 2025
written by Priya Shah – Business Editor

CME Group Systems Issue Disrupts Trading in FX, Commodities, adn ⁢Stock futures

CHICAGO, Oct 26 (Reuters) ‍- A technical‌ glitch at CME Group ⁢disrupted trading across ‌multiple asset classes, including foreign exchange (FX), commodities, and stock futures,⁣ on Thursday, causing temporary‍ halts and impacting market participants globally. The issue began around 9:30 a.m. CT and lasted for approximately 30 ⁤minutes before being fully resolved, according to a statement from the exchange ⁣operator.

The disruption underscored the critical reliance on stable⁣ technology infrastructure for modern financial markets.CME Group is ​a central hub for derivatives trading, and even a brief outage can​ create uncertainty and potential losses⁢ for traders, hedgers, and investors. The incident prompted a flurry of activity as firms⁣ assessed the impact and adjusted‌ thier‍ trading strategies.

CME Group reported the glitch stemmed from an issue with its ‌Globex trading platform. During the outage, trading was temporarily halted ⁤in key contracts such as Euro FX futures, crude oil futures, and E-mini S&P 500 futures. While the exchange ⁣stated that no trades where invalidated, the disruption caused volatility​ and widened bid-ask spreads ⁤in some markets as trading resumed.

“We are aware of the intermittent connectivity issues some members experienced on globex earlier today,” a CME Group spokesperson said. “These issues have been resolved, and markets are ⁢operating normally. We regret any​ inconvenience this may have caused.”

The incident is‍ likely to reignite scrutiny of ​CME Group’s technology infrastructure and disaster recovery protocols. Market participants will be looking for a detailed explanation of the cause of the glitch and assurances that steps are being taken to prevent similar occurrences in the future.The exchange’s​ ability to maintain system reliability is ​paramount to its role as a central clearinghouse and risk manager for the global derivatives market.

November 28, 2025 0 comments
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Business

Trading Day: Bulls in charge ahead of Turkey Day

by Priya Shah – Business Editor November 27, 2025
written by Priya Shah – Business Editor

NEW YORK, Nov 22 (Reuters) – ⁢U.S. stocks surged on Wednesday,‌ propelled by strong ‌earnings reports and growing optimism about a potential Federal Reserve pivot, as ​investors positioned themselves ahead of the Thanksgiving holiday.

The Dow⁢ Jones Industrial Average climbed 330.99 points, or 0.97%, to 34,347.76, the S&P 500 gained 1.03% to 4,559.34,and the Nasdaq Composite rose 1.37% to 14,250.98.‌ All ⁤three major indexes posted their largest daily percentage gains in over a month.

Investor sentiment was boosted‍ by better-than-expected earnings from companies like Best Buy ⁢and Hewlett Packard Enterprise, signaling resilience in consumer spending and corporate performance. Simultaneously,minutes from the Federal ‍Reserve’s latest​ policy meeting indicated a willingness to consider slowing the pace of interest⁤ rate hikes,fueling speculation that the​ central bank may be⁢ nearing the ​end of its tightening cycle. This shift in expectations sent bond yields lower and provided further support for equities.

“The market is interpreting ⁤the Fed minutes as possibly dovish, suggesting a slower pace of rate ⁢hikes,” said⁣ Robert Pavlik, senior portfolio manager​ at Dakota Wealth Management. “Combined with‍ solid‍ earnings, this is creating a positive feedback loop.”

The energy sector lagged, ⁣falling 0.8%, as ‍oil prices declined amid concerns about global demand. ⁣Though, technology stocks led the gains, with companies like Apple‌ and Microsoft⁤ contributing considerably to the Nasdaq’s advance.

Trading volume is expected to be lighter than usual on Wednesday and Friday due to the Thanksgiving holiday. Investors will be closely watching economic data releases next week, including the Personal Consumption Expenditures (PCE) ⁢price index, for further‌ clues about the Fed’s​ future policy path.

November 27, 2025 0 comments
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Business

Apollo, other firms accused of of blocking debt refinancing in US antitrust lawsuit

by Priya Shah – Business Editor November 25, 2025
written by Priya Shah – Business Editor

Apollo Global Management and‌ several other firms are facing‍ an antitrust lawsuit alleging they systematically blocked ‌debt refinancing deals, inflating borrowing costs for companies and enriching themselves, the U.S.Department of Justice announced Thursday. The DOJ alleges ⁢the firms, ​which include Vista Credit Partners and Ares Management, colluded to avoid competing with each other⁣ when providing financing to companies seeking​ to refinance ⁤existing debt, effectively creating a cartel.

The lawsuit centers on “club deals” – ‌privately‌ negotiated ‍loan agreements – where the ⁤firms allegedly‍ agreed not to pursue deals that would⁢ undercut each other, resulting in higher interest rates and stricter terms‍ for borrowers. The DOJ contends this practice harmed businesses across various sectors, increasing financial strain and potentially hindering growth.The complaint alleges these actions violated the Sherman Antitrust Act.

The firms accused – Apollo, Vista, Ares, and ‍others – are major players in the private credit market,​ managing billions of dollars in assets. According to the DOJ, the alleged conspiracy spanned from at least 2018⁤ and involved dozens of deals. The‌ department seeks to halt the alleged anti-competitive ‌practices and is pursuing civil penalties.

“american companies rely on competitive ⁢credit markets to invest and grow,” said Assistant Attorney General jonathan Kanter of the Justice Department’s Antitrust Division‌ in ⁢a statement. “The⁤ Department will vigorously enforce the antitrust laws ‍to ensure that private credit firms compete fairly and do not ⁤exploit borrowers.”

The lawsuit details instances where⁣ the firms allegedly discussed and coordinated their approach to potential deals,sometimes explicitly agreeing ‌to “pass” on opportunities to avoid ‌bidding wars. In one ‌example cited in the complaint, Apollo allegedly ​informed Vista that it would ⁤not pursue a refinancing deal for a specific company, allowing Vista to⁢ proceed with‍ more favorable terms.

Apollo, Vista, and Ares have all ⁤denied the allegations and stated their ‍intention to vigorously ​defend themselves against the lawsuit. “Apollo is confident that the facts will demonstrate that the firm acted lawfully and in the best interests of its clients‌ and the borrowers it serves,” a spokesperson for Apollo said in a statement.Vista and Ares issued similar statements asserting their commitment to fair competition.

the case is being closely watched by industry observers, as it could have significant ⁣implications‌ for the ⁤rapidly ⁣growing private credit market. A prosperous outcome for the DOJ could lead to‍ increased scrutiny of lending practices and potentially reshape ‍the landscape of corporate finance. The lawsuit seeks injunctive relief to prevent future anti-competitive conduct and monetary ​damages for affected borrowers.

November 25, 2025 0 comments
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