EU antitrust regulators to probe Microsoft’s $69 billion Activision bid
The U.S. software company, which announced the deal in January, is betting Activision’s stable of games will help it compete better with leaders Tencent and Sony, with the latter being a critic of the deal.
Bitcoin briefly touches a new low for the year, FTX token plunges more than 75% in broad crypto sell-off
The cryptocurrency market slid after the two biggest crypto exchanges, Binance and FTX, came to a merger agreement to fix a “liquidity crunch.”
U.S. likely headed for mild recession in 2023, former Boston Fed President Eric Rosengren says
A U.S. recession is “quite likely” next year as persistent inflationary pressures move the Federal Reserve to shift interest rates higher, Eric Rosengren said Tuesday.
Musk reportedly considers locking all of Twitter behind a paywall
Elon Musk, the new owner of Twitter, is considering putting the entire platform behind a paywall, according to a report from Platformer.
Puma names new CEO effective immediately as Bjorn Gulden heads to Adidas
Puma named Arne Freundt as its next chief executive on Tuesday as rival Adidas confirmed that Bjorn Gulden would be its next head.
Renault and Google team up to develop a ‘software defined’ vehicle
The deal will help Renault develop new onboard and offboard applications, the companies said.
Sinking Pacific island nation issues historic call for treaty to phase out fossil fuels
The low-lying country, which faces an existential threat from rising sea levels, is the first to make such a call at the U.N.’s flagship climate conference.
We’re not ‘inflation nutters,’ top Bank of England economist says
Bank of England policymakers are not “inflation nutters,” the central bank’s Chief Economist Huw Pill said Tuesday.
Billionaires emit a million times more greenhouse gases than the average person: Oxfam
The investments of 125 billionaires create 393 million metric tonnes of CO2 emissions each year, Oxfam says — the equivalent output to the whole of France.
China’s Covid controls are hurting more of the economy
As of Monday, China’s Covid controls negatively affected 12.2% of national GDP, up from 9.5% a week ago, according to Nomura’s model.
