Category: Business

Alphabet’s Google is set to win EU antitrust approval for its $2.1 billion purchase of fitness tracker maker Fitbit to take on Apple and Samsung in the wearable technology market, people familiar with the matter said. The world’s most popular internet search engine on Tuesday offered fresh concessions to the European Commission in a bid […]

Telecoms company Huawei Technologies is part of China’s surveillance state, complicit in human rights abuses, a senior U.S. official said on Tuesday, as Washington renewed pressure on Europe to ban the company from fifth-generation (5G) networks. Keith Krach, the undersecretary of state for economic affairs, stepped up warnings as Germany and Italy consider their next-generation […]

Microsoft’s MSFT.O Bing, PrivacyWall and Info.com were among the search engines that won a quarterly auction by Alphabet’s GOOGL.O Google to show up as search options on new Android devices in 31 European countries. Google offered to allow competitors to bid for advertising space at the top of a search page on Android devices after […]

Deposit Solutions, a German fintech firm backed by Silicon Valley investor Peter Thiel, is launching its savings portal in the United States as it seeks a slice of the $16 trillion market for deposits in the world’s biggest economy. The nine-year old startup’s platform will enable savers to build a portfolio of deposits, while banks […]

The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy DVN.N’s $2.56 billion all-stock, low premium deal for rival WPX Energy WPX.N brings together two companies with assets in a few oil-producing basins and relatively […]

Beyond Meat Inc BYND.O said on Tuesday its burger patties will be available at more than 2,400 Walmart Inc WMT.N stores from next week, as it triples distribution with the retailer to tap into the growing demand for its plant-based meat products during the pandemic. Demand for fully cooked plant-based alternatives jumped 25% in the […]

Microsoft Corp has resolved a major outage to its Microsoft 365 services that impacted users of business products including Outlook and Teams, the company said on Tuesday. The company said it has rolled back an update to its services, which had likely caused the disruption. Microsoft did not disclose details on how many users were […]