Pity Donald Trump. He spent four years in office tearing up trade agreements and ranting about rewriting old ones, all to little avail. Now, a key U.S. climate law is doing more to change the dynamics of international trade than any blustering and bullying ever did. The Inflation Reduction Act has been hailed as a […]
Google received some relief in the key market of India on Wednesday after a tribunal court set aside four of 10 directives, including the need to permit hosting of third-party app stores within Play Store and restricting uninstallation of pre-installed apps by users, in an antitrust case related to the abuse of company’s dominant position […]
Just when the U.S. government was getting more comfortable with the concept of cultivated meat, the Italian government put forth a bill banning the use of lab-grown food. The process of making cultivated meat includes a method, like precision fermentation in a laboratory, that uses animal cells without slaughtering the animals. Reuters reported that the […]
Google can add another antitrust investigation to its stack. This one has been opened by Spain’s competition authority, the CNMC, which said today it’s concerned about possible anti-competitive practices related to the licensing of news content by local publishers. In a press release it said it is investigating “a series of practices that could involve […]
Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Ask Sophie: Which […]
U.S. prosecutors today filed a superseding indictment against former FTX CEO Sam Bankman-Fried alleging he bribed Chinese officials. According to court filings from the U.S. District Court for the Southern District of New York, “in or about 2021,” Bankman-Fried “authorized and directed a bribe of at least $40 million to one or more Chinese government […]
Microsoft is the latest tech giant to be caught in the cross-hairs of Germany’s antitrust authority. The Federal Cartel Office (FCO), aka the Bundeskartellamt, has announced it’s opened a proceeding to determine whether special abuse measures can be applied to the company’s business in Germany — citing Microsoft’s extensive digital ecosystem which it noted cuts across […]
Jack Ma’s whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Ma had chosen to stay abroad despite China’s efforts to restore confidence in entrepreneurs, Bloomberg reported, citing unnamed sources. Within hours, however, it seems Ma actually visited an Alibaba-funded K-12 school in Hangzhou, according […]
First Citizens has agreed to buy a $72 billion chunk of Silicon Valley Bridge Bank, the California lender formerly known as Silicon Valley Bank that was taken over by the FDIC two weeks ago after depositors, in a crisis of confidence, made a run on it. SVB served as lifeblood to thousands of startups before […]
The Federal Trade Commission has proposed a new “click to cancel” rule that would make it easier for consumers to cancel free trials, auto-renewals and subscriptions. The proposed rule change covers both digital and physical subscriptions, and would apply to gym memberships, streaming services, cable TV, newspapers and more. The “click to cancel” provision would […]