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ECONOMY
TikTok Fined €530 Million by EU for Data Transfers to China

TikTok faces a €530 million fine from the EU for failing to protect European user data transferred to China.

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ECONOMY
U.S.-Ukraine Minerals Deal: Symbolism Over Substance Amid Geopolitical Tensions

The U.S.-Ukraine minerals deal emphasizes symbolism and faces significant challenges, limiting its potential economic impact for the immediate future.

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ECONOMY
Google Faces Antitrust Trial on Ad Tech Dominance This September

Google is set for a September trial to address antitrust claims regarding its advertising technology dominance.

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ECONOMY
Temu Halts Direct Shipping from China; Embraces Local Sellers Amid US Tariff Changes

Temu has stopped shipping from China to the US, opting for local sellers instead, in response to new import tariffs.

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ECONOMY
Apple forecasts $900 million tariff impact as it moves iPhone production from China to India

Apple expects a $900 million cost impact from tariffs as it shifts iPhone production to India amid trade tensions.

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ECONOMY
US Government Seeks to Break Up Google's Advertising Technology Business Amid Antitrust Concerns

The U.S. Justice Department is pushing to break up Google's ad tech business, citing antitrust violations and the dangers of monopolistic control.

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ECONOMY
Japan Considers US Treasury Holdings as Potential Leverage in Trade Talks with US

Japan's $1 trillion US Treasury holdings could serve as leverage in trade negotiations with the US, according to Finance Minister Katsunobu Kato.

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ECONOMY
Air India Faces $600 Million Loss Due to Pakistan Airspace Ban

Air India anticipates up to $600 million in losses from Pakistan's airspace ban, seeking government compensation for the impact.

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ECONOMY
China Open to US Tariff Negotiations, Demands Reversal of Tariffs

China indicates a readiness to negotiate with the US on tariffs but insists on the removal of existing tariffs first.

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ECONOMY
Microsoft Enacts Major Price Increases for Xbox Consoles and Games Amid Economic Uncertainty

Microsoft raises Xbox console prices and game costs due to tariffs and market conditions, reflecting broader economic challenges.

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