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Netflix Set To Acquire Australian Animation Studio Animal Logic

Reuters | Wednesday July 20, 2022

Netflix Inc plans to acquire Sydney-based Animal Logic, an animation studio that has worked on hits from "Happy Feet" to "The Lego Movies," the companies said in a statement on Tuesday.

Russia To Fine Apple For Violating Antitrust Laws

Reuters | Tuesday July 19, 2022

Russia's competition authority said on Tuesday it would fine U.S. tech giant Apple for violating Russian antitrust laws and abusing its dominant position in the app store market.

Elon Musk, Twitter Square Off In Court Today Over Trial Fast Track Plea

Tuesday July 19, 2022

Twitter Inc's showdown with Elon Musk over his $44 billion takeover faces its first test on Tuesday, when a judge will weigh the company's bid for a fast-tracked trial which it says it needs to ensure deal financing doesn't come unraveled.

Donald Trump's Social Media Deal Leaked Months In Advance: Report

Reuters | Tuesday July 19, 2022

Trump Media & Technology Group, the creator of social media platform Truth Social, agreed to merge with Digital World on October 20 and the deal was expected to close by the second half of this year.

How Netflix Plans To Find Its Inner 'Star Wars', After Creating An $82 Billion Giant

Reuters | Monday July 18, 2022

Netflix broke Hollywood's rules to create a $82 billion global streaming colossus that the rest of the entertainment industry rushed to copy. But as growth slows, it is looking backwards for a way forward, borrowing a page from Walt Disney's playbook.

Google Fined $390 Million In Russia For Not Deleting Banned Content: Report

Reuters | Monday July 18, 2022

Alphabet's Google was fined 21.8 billion roubles ($387 million) by a Russian court for a repeated failure to remove content that Moscow deems illegal, the Interfax news agency reported on Monday.

Amazon Reducing Its Private-Label Items Amid Weak Sales: Report

Reuters | Friday July 15, 2022

Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Sri Lanka's Economic Journey To Crisis, From Promise To Dystopia: 10 Facts

Reported by Aprameya Rao, Edited by Rahul Karunakar | Thursday July 14, 2022

The economic crisis in Sri Lanka has become political, with protesters taking to the streets against the political class. However, the genesis of the present crisis lies in rampant economic mismanagement since the 2000s.

Google Probed By Italy's Competition Watchdog Over Data Portability

Reuters | Thursday July 14, 2022, Milan

Italy's competition authority AGCM said on Thursday it has launched an investigation against Google over an alleged abuse of dominant position in data portability.

This Short-Selling Firm Backs Twitter, Bets Against Elon Musk

Reuters | Thursday July 14, 2022

Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc shares, sending the stock up about 8%, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal.

Gita Gopinath Is First Woman To Join IMF's 'Wall Of Former Chief Economists'

Press Trust of India | Friday July 08, 2022, New Delhi

India-born Gita Gopinath became the first woman and second Indian to feature on the 'wall of former chief economists' of the International Monetary Fund (IMF).

Will The Next Recession Be Worse Than 'Great Financial Crisis'?

Rich Miller, Bloomberg | Monday July 04, 2022

Recessions, like unhappy families, are each painful in their own way. And the next one -- which economists see as increasingly possible by the end of next year -- will probably bear that out. A US downturn may well be modest, but it might also be long.