Canada’s Competition Bureau is suing Alphabet’s (GOOGL.O), opens new tab Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday. The Competition Bureau, in a statement, said it had filed an application with the Competition Tribunal seeking an order that, among other things, requires Google to sell two of its ad […]
Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group’s billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group’s listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile […]
The demand for cryptocurrencies worldwide is soaring. In fact, the number of global users has increased by 30 per cent year over year and shows no signs of slowing down. To meet this demand, Hong Kong digital bank ZA Bank is now offering cryptocurrency trading services directly to its retail users. Through the ZA Bank app, users can now […]
The Middle East Investor Relations Association (MEIRA) is gearing up to host the MEIRA Annual Conference & Awards in Abu Dhabi. Hosted in collaboration with Abu Dhabi Securities Exchange (ADX), the event promises to bring together over 600 attendees, with more than 50 speakers across 10 sessions. Arriving in Abu Dhabi for the first time on 11 to 12 […]
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. The meeting summary contained multiple statements indicating that officials are comfortable with the pace of inflation, even though by most […]
US stocks on Tuesday shrugged off President-elect Donald Trump’s threat to impose new tariffs on China, Canada, and Mexico, with two major indexes securing fresh records. The S&P 500 (^GSPC) rose nearly 0.6% to nab a record close, while the tech-heavy Nasdaq Composite (^IXIC) also jumped about 0.6%. The Dow Jones Industrial Average (^DJI) reversed […]
Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January. Export growth will accelerate to 7% in the final three months from the same period last year, according to the median forecast of analysts […]
Discover how Intuit Assist uses AI to streamline financial operations like invoicing and expense management for small businesses Imagine you’re a small business owner. Your day is packed with myriad tasks, from managing staff and sourcing products to marketing campaigns and customer service. Now, add to that the delicate balancing act of keeping an eye […]
Accounting software provider Sage sees cloud-native sales hit £732m (US$915m) as investment in Gen AI attracts 8,000 new customers across global markets Sage Group, the UK-based provider of accounting and financial software for small businesses, has reported its cloud transformation and artificial intelligence strategy is delivering results. The company saw a 9% increase in underlying […]
WASHINGTON — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able […]
Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said. The new rule finalized on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while […]
Amazon.com (AMZN.O), opens new tab pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude, but it remains a minority investor, the startup said on Friday. […]
