LONDON (AP) – Britain’s antitrust watchdog has proposed labeling Google’s and Apple’s mobile ecosystems with “strategic market status,” which would mandate changes at the Big Tech companies to improve competition.
General Motors’ profit declined 35% in its second-quarter but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May. CEO Mary Barra said in a letter to shareholders Tuesday that GM is attempting to “greatly reduce our tariff exposure”.
Excerpts from recent editorials in the United States and abroad:
LOS ANGELES (AP) – Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year.
Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump.
PARIS (AP) – Elon Musk’s social media platform X on Monday denied accusations from French prosecutors of alleged data tampering and fraud, calling them politically motivated.
Stellantis, the maker of Jeep and Ram vehicles, says its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. The automaker anticipates an impact of about 300 million euros for net tariffs incurred.
As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. “Tokenization is going to open the door to a massive trading revolution,” said Vlad Tenev, the CEO of Robinhood.