Business News

Business

China Implements New Restrictions to Halt Apple and BYD's Manufacturing Shift Amid Trade Tensions

China is tightening controls on the movement of employees and equipment for high-tech manufacturing to India and Southeast Asia, affecting companies like Apple and BYD. This strate...

Business

Walgreens Faces Nationwide Lawsuit Over Alleged Unlawful Prescription Practices

The U.S. Department of Justice has filed a lawsuit against Walgreens for allegedly dispensing millions of prescriptions without a legitimate medical purpose, including excessive qu...

Business

FTC Flags Antitrust Issues in Microsoft-OpenAI Collaboration: A Threat to Fair Competition?

The FTC has raised antitrust concerns over the Microsoft-OpenAI collaboration, fearing it could hinder fair competition by creating monopolistic barriers and depriving start-ups of...

Business

TikTok CEO Expresses Gratitude Toward Trump Following Supreme Court Decision

TikTok CEO Shou Zi Chew thanks former President Donald Trump for his support in keeping TikTok available in the US, amidst a Supreme Court ruling upholding a ban that the Biden adm...

Business

SEC Slaps Vanguard with Over $100M Fine for Misleading Investors on Tax Implications

The SEC has fined Vanguard over $100M for misleading investors about tax implications related to capital gains distributions in retirement funds, emphasizing the importance of tran...

Business

Tesla Slashes Autopilot Price in Canada by 65%, Making Advanced Driving Features More Accessible

Tesla has reduced the price of its basic Autopilot feature in Canada by 65%, from C$4,000 to C$1,400, making advanced driving features more accessible. A similar price drop is anti...

Business

ICICI Lombard Reports a Stunning 68% Surge in Q3 Net Profit to Rs 724 Crore

ICICI Lombard announced a 68% increase in Q3 net profit to Rs 724 crore, despite a slight decline in gross direct premium income. The solvency ratio remains strong at 2.36x, above ...

Business

FTC Takes Legal Action Against PepsiCo for Alleged Pricing Discrimination Practices

The FTC has sued PepsiCo for illegal price discrimination, alleging the company favored a large retailer with discounts while increasing prices for others, potentially harming comp...