Adani loses Asia’s richest crown as inventory rout deepens to $84 billion

BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more

Google makes modifications to Android in India after antitrust setbacks

Google makes modifications to how Android promoted in India Transfer comes after India antitrust physique rulings, courtroom setbacks India key marketplace for Android Google says will proceed to enchantment Android order NEW DELHI, Jan 25 (Reuters) – Google mentioned on Wednesday it would enable machine makers in India to license its particular person apps for … Read more

Cryptoverse: Bitcoin buyers take management

Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and different crypto custodians is sufficient to take advantage of trusting investor seize their bitcoin and shove it below the mattress. Certainly, holders large and small are taking “self-custody” of their funds, shifting them from crypto exchanges and buying and selling platforms to private digital … Read more

Excessive egg costs ought to be investigated, U.S. farm group says

Jan 19 (Reuters) – The Federal Commerce Fee (FTC) ought to look at excessive egg costs for indicators of value gouging from prime egg firms, a farm group stated, as Individuals proceed to pay greater than ever for the family staple. U.S. regulators, farmers, and trade have usually argued in recent times concerning the energy … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

Microsoft faces EU antitrust warning over Activision deal – sources

BRUSSELS, Jan 16 (Reuters) – Microsoft (MSFT.O) is more likely to obtain an EU antitrust warning about its $69 billion bid for “Name of Obligation” maker Activision Blizzard (ATVI.O), folks acquainted with the matter stated, that might pose one other problem to finishing the deal. The European Fee is readying a cost sheet referred to … Read more

Unique: FTX’s former prime lawyer aided U.S. authorities in Bankman-Fried case

Jan 5 (Reuters) – FTX’s former prime lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they examine the crypto agency’s collapse, a supply aware of the matter mentioned, including strain on founder Sam Bankman-Fried who was arrested on felony fraud prices final month. Friedberg gave particulars about FTX in a Nov. 22 assembly with … Read more

Google alleges India antitrust physique copied elements of EU order on Android abuse

India antitrust rulings newest setback for Google in key market Google desires Indian antitrust choices to be quashed Indian watchdog copied elements of EU order, Google alleges Google says its conduct is just not anti-competitive – submitting NEW DELHI, Jan 3 (Reuters) – Google has informed a tribunal in India that the nation’s antitrust investigators … Read more

South Korea fines Tesla $2.2 mln for exaggerating driving vary of EVs

SEOUL, Jan 3 (Reuters) – South Korea’s antitrust regulator mentioned it could impose a 2.85 billion gained ($2.2 million) superb on Tesla Inc (TSLA.O) for failing to inform its prospects in regards to the shorter driving vary of its electrical autos (EVs) in low temperatures. The Korea Honest Commerce Fee (KFTC) mentioned that Tesla had … Read more

Microsoft tells judges its $69 bln Activision deal would profit players

Dec 22 (Reuters) – Microsoft Corp (MSFT.O) mentioned on Thursday its $69 billion bid to purchase “Name of Obligation” maker Activision Blizzard (ATVI.O) would profit players and gaming firms alike. Microsoft made the argument in a submitting aimed toward convincing a choose on the U.S. Federal Commerce Fee to permit the deal to proceed, after … Read more