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Friday, April 19, 2024
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BUSINESS

Europe’s central bank halts rate hikes as Middle East conflict spreads gloom

The European Central Bank (ECB) left interest rates unchanged on Thursday for the first time in more than a year as the Israel-Hamas conflict...

LinkedIn lays off about 3% of workforce

LinkedIn has said it is laying off hundreds of employees amounting to about 3% of the social media company’s workforce. The Microsoft-owned career network is...

Microsoft owes around $29 billion in back taxes, according to IRS

The Internal Revenue Service (IRS) has said Microsoft owes the US Treasury $28.9 billion (€26 billion) in back taxes, plus penalties and interest, the...

Ford recalls 238,000 Explorers in US to replace axle bolts that can fail

Ford is recalling more than 238,000 Explorer vehicles in the US because a rear axle bolt can fail, potentially causing a loss of drive...

FTX founder Sam Bankman-Fried goes on trial accused of ‘massive fraud’

A US prosecutor has told jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago before his historic fraud...

Amazon investing up to €3.75bn in AI startup Anthropic

Amazon is investing up to $4 billion (€3.75 billion) in Anthropic and taking a minority stake in the artificial intelligence (AI) startup, the two...

European Commission blocks Booking’s planned acquisition of Etraveli

The European Union’s executive arm said on Monday it is blocking leading US online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli...

EU hits Intel with €376.4m antitrust fine in computer chip case

European Union antitrust enforcers have slapped Intel with a fresh €376.4 million fine in a long-running legal fight which the chipmaker appeared to have...

Longtime Starbucks leader Howard Schultz steps down from coffee chain’s board

Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors, the coffee chain announced. Mr Schultz is credited with transforming the...

3M agrees to pay $6bn to settle earplug lawsuits from US service members

Chemical and consumer product manufacturer 3M has agreed to pay $6 billion (€5.5 billion) to settle numerous lawsuits from US service members who say...

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