Author: Lily Evans

The commission will oversee so-called super-large online platforms under the threat of various regulatory relief and possible fines worth up to 6 percent of Shein's global annual revenue. This joins more than 20 major platforms such as AliExpress, TikTok, and Amazon that are already designated as very large online platforms. Chinese e-commerce platform Temu will also face additional regulation in the coming months after announcing this month that it is visited by 75 million Europeans every month. Initially a retailer selling its own products, Shein became a platform last year when it launched an online marketplace selling products from other…

Mike Dolan talks about the future outlook for the US and global marketsA volatile week for Wall Street giants looks set to end on a positive note, as Microsoft and Alphabet's results stunned the gallery overnight, while the yen plunged again in Asia after the Bank of Japan left policy unchanged.After a day in which Meta's massive spending on artificial intelligence spooked investors and depressed both the company's stock and the broader tech sector, its rival appears to have steadied its ship overnight.Google's parent company Alphabet announced its first-ever dividend and $70 billion in stock buybacks, sending its stock price…

BEIJING (Reuters) – In just four years, Huawei has become a powerhouse in smart car technology, overcoming the devastation of trade sanctions on its smartphone business and developing driver-assistance systems that are the centerpiece of the Beijing auto show.Huawei has two huge booths at this week's event, and at least seven Chinese automakers are installing its Qiankun in their cars as the most sophisticated advanced driver assistance system (ADAS) ever. It's advertised.Even Germany's Volkswagen plans to install Qiankun on its Chinese-made Audi Q6L e-tron when it goes on sale in 2025, in Huawei's first deal with a foreign automaker, a…

Beijing, April 26, 2024 /CNW/ — News report from China Daily:Visitors interact with a humanoid robot during the opening ceremony of the 2024 Zhongguancun Forum in Beijing on Thursday. [Photo by WANG ZHUANGFEI CHINA DAILY]Officials, experts and business leaders on Thursday strengthened international cooperation in science and technology, explored ways to jointly solve important global problems through innovation and develop new high-quality production capabilities. He said further efforts were needed to do so. Beijing.Vice Premier Ding Xuexiang gave a speech at the opening ceremony of the 2024 Zhongguancun Forum, saying that China will cooperate with the international community to implement…

BENGALURU (Reuters) – Tech Mahindra shares rose 13.2 on Friday after India's fifth-largest IT company announced a turnaround plan to help with weak sales growth over the past three quarters. %, marking the first significant intraday increase in about eight years.The stock rose 8.6 per cent to Rs 1,292.25 as of 11:48 am IST, leading the rise in the Nifty IT index, which rose 1.8 per cent.Including today's movements, Tech Mahindra is up 2% year-to-date, compared to a 4% decline in the IT index. Big rival Infosys fell 6.8%, while Tata Consultancy Services rose 2.2%.Pune-based Tech Mahindra on Thursday announced…

(Bloomberg) — Asian technology stocks rose after impressive earnings reports from Microsoft and Alphabet last night. The yen once again fell to its lowest level in 34 years after the Bank of Japan left its key interest rates unchanged.Most Read Articles on BloombergStocks in the region were heading for their best week since November, supported by gains in tech giants such as Samsung Electronics, Taiwan Semiconductor Manufacturing and Tencent Holdings. Benchmarks for Japan, South Korea, Taiwan, and China all rose.The weaker yen also supported Japanese stocks. Following the Bank of Japan's decision, the currency reversed its initial gains and fell…

Despite weak financial results, Tech Mahindra, India's fifth largest IT company by market capitalization, surged an astonishing 10% in intraday trading today. INR1,309 shares per share. The positive market reaction confirms confidence in the company's ambitious plans for the future. However, brokerage firms continue to maintain a cautious outlook on the stock due to short-term challenges. The company released post-market financial results for the fourth quarter of 2024 and full year 2024 on Thursday, which were below street expectations. Consolidated net profit for the fourth quarter of 2024 plummeted by nearly 41%, INR661 million, revenue decreased 6.2% year over year.…

Oklahoma State is making its second commitment following the Steve Lutz era.On Thursday, Texas Tech transfer Robert Jennings announced his commitment to OSU via social media. Jennings joins Florida international transfer Arturo Dean as the team's offseason additions.Jennings spent his first two seasons at Texas Tech, appearing in 61 games. He emerged as a starter toward the end of his second season after spending nearly his entire tenure in Lubbock coming off the bench.Starting in Texas Tech's final seven games, Jennings averaged 6.7 points and 5.4 rebounds while shooting 65.2 percent from the field, making all of his shots from…

Little Rock-based startup fund winrock international It will support a project to build a high-tech communications laboratory in southern Washington County. The investment amount was not disclosed. According to a Wednesday (April 24) news release, Winrock's Startup Recruiting Fund will walton family foundation It will provide funding to technology startup Extremis for the development of Devil's Den Proving Grounds in Bentonville. Extremes, in collaboration with the University of Arkansas, plan to build A first-of-its-kind innovation campus for rapid advances in electromagnetic spectrum technology. The Devil's Den Test Site in southern Washington County will transform a former nuclear reactor into an…

SAN FRANCISCO — The world's largest technology companies have spent billions of dollars on the artificial intelligence revolution. They now plan to spend tens of billions of dollars more to boost demand for computer chips and potentially add new strains to the U.S. power grid.In their quarterly earnings calls this week, Google, Microsoft, and Meta all emphasized the extent of their investments in AI. Meta on Wednesday raised its spending forecast for this year by up to $10 billion. Google plans to spend about $12 billion or more in capital expenditures each quarter this year, much of it on new…