2018-07-15 11:35:00 Sun ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Facebook, Google, and Twitter attend a U.S. House testimony on whether these social media titans filter web content for political reasons. These network platforms have undertaken key attempts to improve transparency with minimal discrimination. For instance, Facebook has bent over backwards to placate conservatives in light of the social network giant's recent failure to remove specific pages on conspiracy theories. Google's video channel YouTube rep emphasizes that giving preference to content of one political ideology over another would fundamentally conflict with universal service provision. Twitter's strategists suggest that its primary purpose is to serve key user interactions with neither value judgments nor personal beliefs.
These online platforms then experience sharp stock market gains soon after their congressional clarification. In recent times, Google receives a $5 billion fine over anti-trust abuses in relation to its Android mobile operating system. The European Commission deems that Google has abused its dominant market position with 80% revenue intake in the smart phone market by forcing manufacturers to pre-install Google Search and Chrome. As a result, this unfair practice prevents several other tech firms such as Amazon, Alibaba, HuaWei, and Oppo from being able to find alternative manufacturers for Android mobile devices. Despite this harsh penalty, Google's recent stock market performance remains robust.
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2018-09-25 10:35:00 Tuesday ET
Sirius XM pays $3.5 billion shares to acquire the music app company Pandora. This acquisition would form the largest audio entertainment company worldwide.
2019-11-23 08:33:00 Saturday ET
MIT financial economist Simon Johnson rethinks capitalism with better key market incentives. Johnson refers to the recent Business Roundtable CEO statement
2017-05-31 06:36:00 Wednesday ET
The Federal Reserve rubber-stamps the positive conclusion that all of the 34 major banks pass their annual CCAR macro stress tests for the first time since
2018-12-13 08:30:00 Thursday ET
The recent arrest of HuaWei senior executive manager may upend the trade truce between America and China. At the request of several U.S. authorities, Canadi
2019-08-16 17:37:00 Friday ET
Amazon faces E.U. antitrust scrutiny over the current e-commerce use of merchant data. The European Commission probes into whether Amazon uses key third-par
2017-09-19 05:34:00 Tuesday ET
Facebook, Twitter, and Google executives head before the Senate Judiciary Committee to explain the scope of Russian interference in the U.S. presidential el