The European Commission is planning to punish Apple approximately 500 million euros ($539 million) for alleged violations of EU competition rules, according to reports citing anonymous persons with knowledge of the situation. After Spotify formally complained to regulators in 2019,...

The narrow-body C919, produced by the Commercial Aircraft Corporation of China (COMAC), China's rival to Airbus and Boeing's passenger planes, made its first flight outside of China on Sunday during the Singapore Airshow. China has made significant investments in an effort to challenge the...

Businesses who buy a "boost" for their postings on the iOS versions of Meta Platforms' social media apps, Facebook and Instagram, will now have to pay app store operator Apple an additional 30% service charge.   According to the social media behemoth, advertisers would be able to promote...

Investors in the U.S. equity options market are placing bets that a significant move in the shares of the leading artificial intelligence chipmaker in the world may result from Nvidia's impending earnings announcement. According to statistics from options analytics tool ORATS, Nvidia, which has...

Russian automaker Stellantis stopped making cars in April 2022.   However, customs records and two persons familiar with the situation indicate that Russian operators continued to work with a Chinese partner the next year to begin producing new Citroen models manufactured by Stellantis...

As it focuses on entertainment and image sensors, Sony of Japan cut its full-year sales projection for the PlayStation 5 system on Wednesday and announced plans to list its financial division the next year.   Sony revised down its 25 million PS5 sales projection for the year that ends in...

On Wednesday, technology giant Nokia announced an AI-driven tool that sends out messages to industrial workers. These messages include suggestions on how to increase factory output and alerts about malfunctioning machinery based on real-time data.   According to a statement from the firm,...

Nvidia momentarily overtook Amazon.com Inc. in market capitalization as the chipmaker surged to the fourth position in terms of value in the United States due to the excitement surrounding artificial intelligence.   According to LSEG statistics, Nvidia's market value peaked at $734.96,...

Google has promised to provide 25 million euros, or $26.78 million, to support the education of Europeans in artificial intelligence (AI).   The internet giant said on Monday that it has launched applications for social entrepreneurs and charities that may assist in reaching those who would...

Nelson Peltz, a billionaire activist and board member, is "fully behind" a recently developed plan to revitalise the company, according to Unilever CEO Hein Schumacher, despite the doubts of some other investors following years of underperformance in the industry.   According to Schumacher,...

PepsiCo's shares fell as much as 4% on Friday after the company revealed a surprising decline in quarterly sales and predicted a steep slowdown in organic revenue growth for 2024 due to several price increases that are impacting the demand for its chips and beverages.   After two years of...