The EU has taken the lead in investigating US technology majors like Google, Apple, Amazon, and Facebook over their alleged monopolistic behavior on the continent.
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Category: World Business News
Business News from around the world – 24 hours a day
McDonald’s & other fast-food giants push pricy meals instead of dollar menus
As the coronavirus pandemic gives way to a rapid economic recovery, US fast-food chains are reportedly replacing discounts with pricy combination meals. In an attempt
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Covid crisis caused wealth inequality & created millions of new millionaires – Credit Suisse
The Covid-19 pandemic saw an enormous growth in wealth disparity worldwide in 2020, the Credit Suisse Research Institute says. It reported a 5.2 million increase
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$4,000 Peloton treadmills require additional $39-per-month subscription after safety update
Owners of Peloton’s $4,000 treadmills have been asked to fork over more cash, after the firm locked the device’s free features due to issues linked
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India considers taxing crypto purchases from overseas exchanges
India’s tax department is reportedly looking to start applying an ‘equalization levy’ to crypto assets, forcing investors to pay an additional 2% for each purchase
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Iran kickstarts production at giant offshore oilfield
Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf, Iran’s oil ministry news service Shana reported
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Can other nations follow Russia’s lead in ditching the US dollar? RT’s Keiser Report finds out
Russia’s divesting from the US dollar gives the country a lot of maneuverability to make its own deals without interference from Washington, says Max Keiser
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Oil rallies above $75 for first time in more than two years as investors assess tightening market
Global prices for crude extended their rally, pushing above $75 a barrel for the first time since April 2019, as a rapid rebound from the
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OPEC+ may boost oil production to ease global supply deficit
The Organization of the Petroleum Exporting Countries (OPEC) and its allies will reportedly discuss increasing oil output to meet rising global demand during their upcoming
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US demand for Russian caviar surges by 640%
Exports of Russian caviar saw a year-on-year increase of 12% in 2020, and have nearly doubled over the past five years, according to the latest
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