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Apple Offers iPhone Discounts in China as Competition Intensifies
Apple is offering rare discounts on its latest iPhone models in China. The discounts come as consumers remain cautious with spending amid China's slowing economy and deflationary pressures.
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Opinion: Tiruppur, Once India's Textile Capital, Is Coming Apart At The Seams
Covid-19, the Russia-Ukraine war, competition from China and Bangladesh, as well as plummeting domestic demand have brought the once-bustling textile industry in Tiruppur to its knees.
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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Britain's CMA to Review Impact of AI on Consumers; Will Assess New Controls for ChatGPT-Like Technology
The Competition and Markets Authority (CMA), Britain's competition regulator, said on Thursday it would start examining the impact of artificial intelligence on consumers, businesses, and the economy and whether new controls were needed on technologies such as OpenAI's ChatGPT.
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Revival Of Economy Complicated Due To Global Competition: Xi Jinping
Efforts to revive China's economy have become "complicated" with growing global competition to attract investment, President Xi Jinping has said, calling for steps to forestall and defuse major economic and financial risks.
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Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
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Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
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Google's Anti-Competitive Activities Harm Indian Consumers, Economy: MapMyIndia CEO
Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs. 1,337.76 crore on internet giant Google for abusing its dominant position...
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Axie Infinity Update Caps SLP Token Earning for Low-Level Players
While some players welcome the new update in view of eliminating bots from the game and encouraging competition, others argue that it marginalises lower-ranked players.
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White House Order Said to Push Antitrust Enforcement Throughout US Economy
The White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry, according to two sources familiar with the matter.
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Joe Biden Pitches $6 Trillion Budget To 'Reimagine' US Economy
President Joe Biden on Friday proposed a $6 trillion budget to "reimagine" the US economy and stave off Chinese competition, though driving the United States into record debt -- and with Congress first needing to give approval.
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Ikea's Plans For India May Face Stiff Competition From Mukesh Ambani
Furniture giant Ikea is accelerating its India expansion after a nationwide pandemic lockdown last year delayed the construction and opening of new stores in one of its fastest-growing markets.
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NCLAT Rejects CAIT Plea Against CCI Nod for Flipkart's Acquisition
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside traders' body CAIT's plea against the Competition Commission of India's (CCI) approval for Walmart's acquisition of e-commerce major Flipkart.
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GM's 2019 China Sales Drop For Second Year On Weak Economy
General Motors Co's vehicle sales in China fell for a second year as overall auto sales declined amid a slowing economy and because of competition in the key mid-priced sport utility vehicle (SUV) segment.
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"Great Positivity About India, Its Story Has Just Begun": NITI Aayog CEO Amitabh Kant
"Will make India a very competitive and productively-efficient economy in the long run," said Amitabh Kant, the CEO of Niti Aayog.
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Apple Offers iPhone Discounts in China as Competition Intensifies
Apple is offering rare discounts on its latest iPhone models in China. The discounts come as consumers remain cautious with spending amid China's slowing economy and deflationary pressures.
-
Opinion: Tiruppur, Once India's Textile Capital, Is Coming Apart At The Seams
Covid-19, the Russia-Ukraine war, competition from China and Bangladesh, as well as plummeting domestic demand have brought the once-bustling textile industry in Tiruppur to its knees.
-
Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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Britain's CMA to Review Impact of AI on Consumers; Will Assess New Controls for ChatGPT-Like Technology
The Competition and Markets Authority (CMA), Britain's competition regulator, said on Thursday it would start examining the impact of artificial intelligence on consumers, businesses, and the economy and whether new controls were needed on technologies such as OpenAI's ChatGPT.
-
Revival Of Economy Complicated Due To Global Competition: Xi Jinping
Efforts to revive China's economy have become "complicated" with growing global competition to attract investment, President Xi Jinping has said, calling for steps to forestall and defuse major economic and financial risks.
-
Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
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Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
-
Google's Anti-Competitive Activities Harm Indian Consumers, Economy: MapMyIndia CEO
Google's anti-competitive activities are harming Indian consumers and the economy by stifling "swadeshi" (indigenous) competitors, a top official of home-grown navigation firm MapMyIndia said. The Competition Commission of India (CCI) in October slapped a steep penalty of Rs. 1,337.76 crore on internet giant Google for abusing its dominant position...
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Axie Infinity Update Caps SLP Token Earning for Low-Level Players
While some players welcome the new update in view of eliminating bots from the game and encouraging competition, others argue that it marginalises lower-ranked players.
-
White House Order Said to Push Antitrust Enforcement Throughout US Economy
The White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry, according to two sources familiar with the matter.
-
Joe Biden Pitches $6 Trillion Budget To 'Reimagine' US Economy
President Joe Biden on Friday proposed a $6 trillion budget to "reimagine" the US economy and stave off Chinese competition, though driving the United States into record debt -- and with Congress first needing to give approval.
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Ikea's Plans For India May Face Stiff Competition From Mukesh Ambani
Furniture giant Ikea is accelerating its India expansion after a nationwide pandemic lockdown last year delayed the construction and opening of new stores in one of its fastest-growing markets.
-
NCLAT Rejects CAIT Plea Against CCI Nod for Flipkart's Acquisition
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside traders' body CAIT's plea against the Competition Commission of India's (CCI) approval for Walmart's acquisition of e-commerce major Flipkart.
-
GM's 2019 China Sales Drop For Second Year On Weak Economy
General Motors Co's vehicle sales in China fell for a second year as overall auto sales declined amid a slowing economy and because of competition in the key mid-priced sport utility vehicle (SUV) segment.
-
"Great Positivity About India, Its Story Has Just Begun": NITI Aayog CEO Amitabh Kant
"Will make India a very competitive and productively-efficient economy in the long run," said Amitabh Kant, the CEO of Niti Aayog.
