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The Indian government has penalized Google 13 billion rupees, which is equivalent to $161 million or £144 million, for abusing its Android platform to gain a dominant position in the market. The nation’s competition regulator has leveled accusations against the tech giant, saying that it has entered into “one-sided agreements” with smartphone manufacturers to ensure that its apps will remain dominant. It has given Google an order to “cease and desist” from engaging in these kinds of practices. As of yet, Google has not responded to the fine or the accusations. The Competition Commission of India (CCI) issued a statement…

The order for Meta to sell the Giphy platform for animated images was reissued by the competition watchdog in the United Kingdom. After going back and forth with the tech giant since its decision was first announced the previous year, the Competition and Markets Authority (CMA) said that this ruling was final. The CMA concluded that the takeover of the website that allows users to create gifs could be detrimental to advertising and social media users. A spokesperson for Meta stated that the company “accepted” the decision but that it was “disappointed.” The ruling marks the first time the United…

In connection with Elon Musk’s proposed acquisition of Twitter for $44 billion, the federal government is conducting an investigation. The information was revealed on Thursday as a result of a court filing that discussed the most recent development in an ongoing legal dispute between the billionaire and the social network. Although the filing stated that he was the subject of an investigation, it did not specify what aspect of the investigation was being looked into. In the legal document, the company stated that “this game of ‘hide the ball’ must come to an end.” A request for comment was sent…

Microsoft, the owner of Xbox, has responded to claims that its plan to buy the company that makes Call of Duty may have an unfair impact on its competitors, including Sony, the owner of PlayStation. Microsoft has expressed interest in purchasing Activision Blizzard for a total price of $68.7 billion, which is equivalent to £59.2 billion. According to the UK watchdog investigating the plan, Microsoft may be able to “out-compete” its competitors by using Activision games. Microsoft stated that it remained optimistic that the transaction would be finalized by June 2023. The authorities in charge of regulating competition in Saudi…

Look no further than Beijing’s taxi fleets to see how governments may foster the emergence of innovative technology. The city announced plans to prohibit the use of fossil fuel-powered taxis five years ago. Thousands of autos now run on batteries instead. Drivers of these electric cars (EVs) also don’t have to waste time waiting at charging facilities. Many electric taxis in Beijing and dozens of other Chinese cities simply drive to a battery-swapping facility, where a machine removes the depleted battery and replaces it with a charged one in minutes. “They want to drive out there and get some money,…

Jobs growth in the United States has slowed for the second month in a row, indicating that the world’s largest economy’s labor market may be cooling. Employers in the United States added 263,000 new jobs in September, the fewest since April 2021. Despite the lower figure, analysts believe the US Federal Reserve will need to do more to slow the economy if it is to keep rapidly rising prices in check. The dollar rose after the report because investors expect interest rates to rise further. The pound fell to $1.11, having been above $1.12 before the employment figures were released.…

The value of the Chinese yuan has dropped to new all-time lows when compared to the rising value of the US dollar. Since comparable data were first made available in 2011, the value of the internationally-traded yuan has dropped to its lowest point. Additionally, China’s national currency reached its most vulnerable state since the international financial crisis of 2008. It comes at a time when the dollar value continues to rise against other major currencies after the Federal Reserve of the United States raised interest rates again earlier this month. During this time, major stock market indexes across Asia experienced…

As part of its efforts to establish itself in the gaming industry, Netflix is establishing its own video game studio. Marko Lastikka, a former Zynga and Electronic Arts executive, will lead the company from its headquarters in Helsinki, Finland. Netflix has previously acquired small gaming companies such as Night School Studio, the developer of Oxenfree. However, the streaming giant is now going a step further and building a studio from the ground up. Lastikka is a well-known figure in the gaming industry, having co-founded the Zynga studio in Helsinki, which worked on FarmVille 3 under his direction. In a blog…

Tesla is recalling nearly 1.1 million vehicles in the United States because the windows may close too quickly and pinch people’s fingers. According to documents produced by American regulators, the windows may not respond properly after detecting an obstruction. Elon Musk, the CEO of Tesla, called the description as a recall “outdated and inaccurate.” The automaker claims that a software update will resolve the issue. According to the National Highway Traffic Safety Administration, the flaw is a violation of safety standards. The world’s largest electric-vehicle manufacturer has repeatedly clashed with federal safety regulators, whom Mr. Musk refers to as “the…

As financial markets reacted to the biggest tax cuts in 50 years, the pound fell to a new 37-year low against the dollar. UK stocks fell after chancellor Kwasi Kwarteng announced a slew of tax cuts and economic measures as part of a massive overhaul of the country’s finances. The pound dropped more than 3% against the US dollar, falling below $1.09. The Sterling has recently fallen due to economic concerns and a stronger US dollar. On Friday, the pound fell more than 1% against the euro, falling to €1.12. Mr. Kwarteng refused to comment on the currency’s depreciation, saying…