Australian regulator to get unit specializing in tech companies
Australia’s antitrust watchdog will be strengthened with a special branch to oversee the market power of U.S. technology giants Facebook and Google under sweeping regulatory reforms proposed by the government on Friday.
Australia to set up antitrust office to police Facebook, Google
Australia said it would establish the world’s first dedicated office within an antitrust regulator to police Facebook Inc and Google , setting a precedent for global lawmakers grappling with the U.S. technology giants’ dominance.
SoftBank Group announces new $108 billion Vision Fund, broadens investor base
SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured memoranda of understanding (MOU) for about $108 billion from companies including Apple Inc and Microsoft Corp .
China suspects FedEx broke law by declining Huawei shipments: media
Chinese authorities suspect U.S. package delivery company FedEx Corp violated the law by not making shipments of goods from the tech company Huawei to their recipients, the Xinhua state news agency reported on Friday.
In Roundup case, U.S. judge cuts $2 billion verdict against Bayer to $86 million
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer, Roundup, for their cancer to $86.7 million.
Oil drops after poll points to slower global growth
Oil prices fell on Friday after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war, although losses were limited by tensions in the Middle East.
China finds clues of additional Fedex violations: Xinhua
China’s government has discovered clues that Fedex violated the law as part of its ongoing investigation into the mail carrier, state-media outlet Xinhua reported on Friday.
Asian shares dip on mixed U.S. earnings, euro off two-year low as ECB holds
Asian share prices opened a tad lower on Friday on mixed U.S. earnings reports and the euro held above two-year lows struck overnight after the European Central Bank held interest rates steady, though officials said a cut was certain in September.
Alphabet’s revenue rebounds; easing doubts on growth and boosting shares
Alphabet Inc shares rose about 8% after the company reported quarterly results that eased investors’ concerns about growth challenges facing its Google advertising business.
SoftBank Group announces new $108 billion Vision Fund aimed at AI
SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in AI technology, saying it has secured memoranda of understandings (MOUs) for about $108 billion from companies including Apple and Microsoft .
