Indonesia’s Ministry of Trade announced on Tuesday its plans to further regulate e-commerce, specifically mentioning that the country does not permit transactions on social media platforms. In an official release, the ministry stated, “One of the things that is regulated is that the government only allows social media to be used to facilitate promotions, not …
Apple senior vice president for services, Eddy Cue, arrived at the Prettyman U.S. Courthouse in Washington, D.C., on September 26, 2023 (Getty Images). In his testimony, Cue explained why Apple made Google the default search engine on iPhones, stating that it was the best choice for consumers and there was no valid alternative. While the …
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand of JPMorgan, has implemented a restriction on crypto asset purchases for its customers in the U.K. In a statement, the company announced that from Oct. …
Herman Narula, co-founder and CEO at Improbable, delivers an inspiring speech at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Improbable, a virtual reality startup, has announced an impressive 85% reduction in losses in 2022, a year that saw the company shift its focus to powering innovative “metaverse” …
Blue Origin LLC, the space venture founded by Jeff Bezos, will undergo a leadership change. Current CEO Bob Smith will retire on December 4 and will be replaced by Dave Limp, a senior executive at Amazon.com Inc. Smith will remain with the company until January 2 to facilitate a smooth transition. Limp will join Blue …
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …
Carousell, the secondhand goods marketplace, is expecting to achieve profitability this year by significantly reducing its losses in a healthy manner, according to the company’s CEO. Quek Siu Rui, co-founder and CEO of Carousell, mentioned in an interview with CNBC that the company’s revenues are expected to grow healthily this year, while losses are also …
Spotify CEO Daniel Ek joined author and comedian Trevor Noah at Spotify Beach in Cannes, France on June 20, 2023, to discuss the future of storytelling. This event brought together creativity and innovation in the world of entertainment. Image Source: David M. Benett | Getty Images Entertainment | Getty Images Spotify On Monday, Spotify announced …
Malte Mueller | Fstop | Getty Images Dawn Capital, one of Europe’s leading investors in business-to-business software companies, has secured $700 million in funding across two new funds. This move reaffirms their commitment to supporting technology companies in the region during a time when venture capital funding for startups has significantly decreased. As a major …
The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon announced a major investment in the artificial intelligence company Anthropic, committing up to $4 billion and taking a minority ownership position. Amazon’s move highlights its aggressive …