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Apple offers rivals access to tap-and-go payment tech to resolve antitrust case

Digital Desk -
Apple has promised to open up its tap-and-go mobile payment system to rivals, the European Union (EU) said. It comes as the US technology company...
BUSINESS

Airbnb agrees to pay €576 million to settle a tax dispute in Italy

Digital Desk -
Short-term rental platform Airbnb has agreed to pay €576 million to settle a years-long dispute over unpaid taxes in Italy but said it will...
BUSINESS

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

Digital Desk -
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...
BUSINESS

LinkedIn lays off about 3% of workforce

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
BUSINESS

Amazon investing up to €3.75bn in AI startup Anthropic

Digital Desk -
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...
BUSINESS

European Commission blocks Booking’s planned acquisition of Etraveli

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
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