A FEDERAL judge handed Microsoft a major victory by declining to block its looming $69-billion takeover of video game company Activision Blizzard. US District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. …
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Europe’s largest casino opens doors in Cyprus
NICOSIA, Cyprus: A new casino resort touted as the largest of its kind in Europe has opened its doors in Cyprus, aiming to transform the east Mediterranean island nation into a year-round destination for luxury tourism, officials said on Tuesday. The 600-million euro ($659-million) City of Dreams Mediterranean is one …
Read More »Bank of Canada wary of signs of a turning point in economy, as it hikes key interest rate again
From loan defaults to deflation in China, there are early clues the inflationary trend could be reaching a turning point. The Bank of Canada is wary of increasing rates too much, but immigration, a housing shortage and Canadians with deep pockets may be blunting the effects of 10 rate hikes. …
Read More »Fed eyes tighter bank regulation measures
WASHINGTON, D.C.: A senior Federal Reserve (Fed) official has proposed raising capital requirements for large and mid-sized US banks as part of a “comprehensive” series of measures to tighten banking regulation and supervision. The proposals announced on Monday by the Fed’s vice chair for supervision, Michael Barr, cover a wide …
Read More »Hybrid work is here to stay – Envoy CEO
NEW YORK: Larry Gadea, CEO of the workplace platform Envoy, founded his company a decade ago to solve inefficiencies around front desk management. When the Covid-19 pandemic shut down offices, the San Francisco-based company had to adapt fast. HERE TO STAY This undated photo provided by Envoy shows Larry Gadea, …
Read More »Twitter users shifting to Meta’s Threads
NEW YORK: Celebrities, lawmakers, brands and everyday social media users are flocking to Meta’s freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk’s raucous oversight of that platform. Instagram head Adam Mosseri said in a Threads post on Monday …
Read More »Self-checkout theft causing problems for retailers — and shoppers who despise receipt checks
Some shoppers feel they’re being unfairly targeted for receipt checks due to theft at self-checkouts. A criminologist who studies the topic says this type of theft is growing as retailers add more self-checkouts and shoppers feel emboldened to steal. Thieves steal at self-checkout because they feel the risk is low, …
Read More »Merger talks between Postmedia and Toronto Star owner fall apart
Talks to combine two of the biggest newspaper publishers in Canada have fallen apart. Two companies announced merger talks last month. Talks to combine two of the biggest newspaper publishers in Canada have fallen apart. Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of The Toronto …
Read More »Meta’s Threads now fastest-growing platform after 100 million users sign up in first five days
Meta’s Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Analysts see Threads as first potential threat to Elon Musk-owned Twitter. Meta’s Twitter rival Threads crossed 100 million sign-ups within …
Read More »HK leads as Asia markets gain
HONG KONG: Hong Kong led gains in most Asian markets on Monday on hopes China has ended its long-running crackdown on the tech sector after imposing huge fines on the fintech affiliates of Alibaba and Tencent. After a yearslong probe, Ant Group was hit with the near $1 billion penalty …
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