Turkey‘s Competition Authority announced that it has fined Meta Platforms Inc. 346.72 million liras ($18.63 million) for violating competition law. The company merged the data collected from its three applications — Facebook, Instagram and WhatsApp — which has complicated the activities of its competitors and created barriers to market entry, the Turkish authority said in […]

For its users, Amazon is rolling out the option to use Venmo balance, a linked bank account, or an associated debit card for payments. Users can make Venmo the default if they like, and that service’s purchase protection still applies in addition to Amazon’s own safeguards. The Venmo option is available to some Amazon shoppers,

The CCI has imposed a fine of Rs 1,338 crores on Google for “abusing its market dominant position.” The Indian regulator has said that manufacturers of Android smartphones should not be forced to pre-install Gooogle apps while instructing Google to provide fair access to OEMs, app developers, and its competition. Google replied to the CCI’s

Taiwan electronics manufacturer Foxconn said production at its largest iPhone factory remains normal, despite tightening Covid-19 restrictions at the plant in the Chinese city of Zhengzhou this week. The Zhengzhou campus, which assembles Apple Inc’s iPhone and has about 300,000 workers, banned all dining in and required workers to take their meals back to their

Elon Musk-owned electric vehicle company Tesla is aiming to produce 50,000 Tesla Semi units per year in 2024. Musk said that the company will be “ramping up Semi production through next year,” reports Teslarati. “As I think everyone knows at this point, it takes about a year to ramp up production. So, we expect to

The Goa government said that it will come up with a mobile application that will be a common platform for the entire taxi industry in the state. Chief Minister Pramod Sawant held a meeting with State Tourism Minister Rohan Khaunte and State Transport Minister Mauvin Godinho to discuss the issue. Talking to reporters after the

BYD Co, China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled due to robust sales and a better product mix, sending its shares surging. It estimated that net profit for the July-September quarter came in between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), or an increase of 333%

San Francisco, Tech billionaire Elon Musk says his rocket firm SpaceX will continue funding its Starlink Internet service in Ukraine, a day after he said it could no longer do so. On the microblogging site Twitter, Musk wrote that “the hell with it… Even though Starlink is still losing money and other companies are getting

A “flying car” built by Chinese electronic vehicle maker Xpeng Inc. made its first public flight in the United Arab Emirates, as the company works towards launching the electric aircraft in international markets. The X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight propellers – two at each

After consulting with the company and telecom operators, Britain extended the deadline to remove equipment and services from China’s Huawei in core network functions to December 31, 2023, from an original target of January 28, 2023, The government said the deadline to remove all Huawei gear from Britain’s 5G networks by the end of 2027