These new rules will align the country’s merger practices with those of developed economies. Coming into effect on 1 January 2026, these regulations aim to identify and prevent anti-competitive deals. Gina Cass-Gottlieb, the chairperson of ACCC, said: We welcome the Treasurer’s announcement today that the government will move to strengthen Australia’s merger laws, which…
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The private aerospace company divulged its intention when discussing the maiden flight of its spaceplane and the escalation of its satellite footprint. According to a CNBC Manifest Space interview with Sierra Space’s CEO Tom Vice, the Eclipse satellite initiative will handle missions in the low-earth and cis-lunar orbits. Yahoo Finance reported that the company wants…
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CNBC reported that this public address to Alibaba employees was the second in recent months. In an attempt to restore the Chinese technology mammoth to its former glory, the company made unprecedented organisational changes. In an internal memorandum to the firm’s employees, Ma reportedly wrote: Over the past year, amid external and internal doubt and…
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This is the highest mark so far and, according to Yahoo Finance, reflects an estimated 6% jump from the opening benchmark mean on Monday, 8 April 2024. In a note to clients, Harvey postulated that investors are overlooking the possibility of stock valuations that are too high in the present market clime. This keeps current…
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MRNA shares rose as high as 9% during the day, continuing their recent steady climb. This was enough for MRNA to lead the S&P 500’s list of top movers on Tuesday. The company presented details at the annual American Association for Cancer Research meeting on Monday. Here, it revealed interesting data on the use of…
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That hamstrings businesses wishing to maximise AI technologies and innovations internationally and across local borders. Yahoo Finance reports that in Utah, for instance, legislators are pondering whether select companies should disclose non-human interaction with customers. Connecticut lawmakers are considering regulations for lesser transparency regarding so-called "high-risk" AI applications. Don’t miss out the latest news, subscribe…
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This figure was reported following a private meeting on Monday with the firm’s creditors and bondholders, which was widely reported in the media. Atos currently owes €2.4bn of debt that’s due for repayment in 2025. However, some sources suggest that the overall debt could be almost double that amount. It isn’t clear who will provide…
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The Chinese electric vehicle (EV) maker recorded Q4 earnings of $361m for a 92% quarter-on-quarter spike. It contributed this financial performance to its “asset-light business model” that boosted battery electric vehicle (BEV) production and sales. This revenue performance follows on the heels of the Lotus Tech IPO on 23 February 2024, less than two months…
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Reuters reported that should this happen, it would be the largest downsizing of the company’s partnership with Apple Inc. (AAPL). The move reportedly has the support of Apple and might give Tata a 65% controlling stake in the Chennai-based facility. Reuters sources indicated that Pegatron will continue to provide technical support and retain the remainder…
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One of the world’s largest brokers, Exness, has agreed to become the official regional partner of Latin America’s LALIGA football organisation. LALIGA is home to legendary clubs, including Real Madrid, Barcelona FC, and Atletico Madrid. It unites hundreds of millions of football fans across Latin America. By benefiting from LALIGA’s impressive popularity, the sponsorship will…
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