Tag: Business
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EU opens antitrust probe into Align Technology over Invisalign, scanner tying
BRUSSELS, June 30 : The European Commission said on Tuesday that it has opened an antitrust investigation into U.S.-based Align Technology over suspected tying of its iTero intra-oral scanners to Invisalign clear aligners in the European Economic Area.The probe, prompted by a competitor’s complaint, will asse
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Rakuten satellite project to receive up to $912 million in Japan govt grant
TOKYO, June 30 : The Japanese government will grant up to 148 billion yen ($912 million) to Rakuten Group to help it build a satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial and telecommunications
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Agentic AI may require regulatory reform, BOE’s Breeden says
LONDON, June 30 : More sophisticated regulatory frameworks may be needed to monitor and contain the risks AI poses to the financial system, one of the Bank of England’s deputy governors said on Tuesday.Speaking at the European Central Bank Forum on central banking in Portugal, Sarah Breeden, deputy governor f
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Joby, Toyota announce joint venture for air taxi production
June 30 : Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker’s S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.Air taxi firms such as Joby are competing to secure approvals and commercia
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SCOTUS decisions, Dow at 52,000, the retirement savings gap and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Stocks making the biggest moves premarket: AeroVironment, Strategy, Merck & more
These are the stocks posting the largest moves premarket.
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India’s SBI-backed Cashfree Payments bets on cross-border push with travel, investment payments
BENGALURU, June 30 : Indian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India, the count
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Oil set for steepest quarterly loss since 2020 as traders focus on US-Iran talks
June 30 : Oil prices slipped on Tuesday, and were set for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down
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Chinese tech companies seek nearly $6 billion in Hong Kong listing rush
June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings.The biggest of the five offerings is Shenzhen-listed Apple supp
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UK regulator considers opening Apple, Google app stores to rival payments
LONDON, June 30 : Britain’s competition regulator on Tuesday proposed allowing app developers to steer users to alternative payment options outside Apple and Alphabet’s Google app stores to cut fees and boost competition.The Competition and Markets Authority said the proposals would remove restrictions that c
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