The European Commission has recently announced that X, the social media platform owned by Elon Musk, will not be classified as a “gatekeeper” under the stringent requirements of the Digital Markets Act (DMA). This decision, made during an investigation that commenced in May, grants X considerable operational flexibility by exempting it from additional regulatory burdens […]
In a significant blow to the luxury watch market, Swiss watch exports saw a staggering decline of 12.4% in September 2024, marking a troubling trend for an industry once considered resilient against economic fluctuations. The primary catalyst for this downturn is a notable 50% drop in shipments to China, a country that has been a […]
The latest data from the Commerce Department’s Census Bureau reveals a noteworthy increase in US retail sales, rising by 0.4 percent in September. This outcome not only surpassed economists’ expectations but also signals a robust growth trajectory for the US economy in the third quarter, which could pave the way for the Federal Reserve to […]
In an increasingly digital world, the UK government is taking a vital step towards enhancing online safety, particularly for young users. Britain’s media regulator, Ofcom, has announced that it will specify the actions required from social media companies to combat illegal content on their platforms starting in December. This announcement signals a turning point in […]
In a significant move highlighting the friction between traditional media outlets and emerging AI technologies, The New York Times (NYT) has issued a cease-and-desist notice to Perplexity, an AI company, demanding an immediate halt to its use of NYT content for the generation of summaries and other outputs. This legal action comes amidst increasing concerns […]
The Federal Communications Commission (FCC) has initiated a formal inquiry into the implementation of data caps by telecommunications companies. This investigation aims to scrutinize the impact of data limitations on consumers, particularly in an era where internet connectivity is increasingly vital for daily life and commerce. Recent statements by FCC Chair Jessica Rosenworcel highlight growing […]
In a significant step toward enhancing financial accessibility, Alchemy Pay has partnered with Yellow Card, a leading fintech provider operating in 20 African nations. This collaboration seeks to simplify the experience of purchasing cryptocurrency, enabling users across various countries, including South Africa, Uganda, and Rwanda, to buy crypto using familiar local payment methods such as […]
As the cybersecurity landscape grows increasingly complex, EU member states are grappling with looming deadlines to enhance their digital defenses. The Network and Information Security Directive (NIS 2), designed to fortify cybersecurity across critical sectors, sets an implementation deadline of October 17, 2024. However, many member states are already behind, raising alarms among businesses that […]
ASML, a leading supplier of photolithography equipment used in chip manufacturing, has revised its sales forecast for 2025, leading to widespread unease in the semiconductor market. The Dutch company’s updated projections suggest net sales will fall between €30 billion to €35 billion, a notable reduction that reflects concerns about the global demand for chips. This […]
Wolfspeed, a leading player in the semiconductor industry, has recently seen a remarkable surge in its share prices following an announcement from the US government regarding substantial financial support. The US Commerce Department revealed plans to allocate $750 million in government grants to bolster Wolfspeed’s new silicon carbide wafer manufacturing facility in North Carolina. This […]
