Italy fines Google $123 mln for abuse of dominant position
Italy’s competition watchdog said on Thursday it had fined Google (GOOGL.O) 102 million euros ($123 million) for abuse of its dominant position due to its Android mobile operating system and app store Google Play.
Uber, Lyft want more public subsidies to meet California EV mandates
California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealistic without more public subsidies for EVs.
Death toll rises from air strikes in Gaza and rocket fire on Israel
Israel carried out hundreds of air strikes in Gaza on Wednesday and Palestinian militants fired multiple rocket barrages at Tel Aviv and the southern city of Beersheba in the region’s most intense hostilities in years. At least 49 people have been killed in Gaza since violence escalated on Monday, according to the enclave’s health ministry. […]
EU asks AstraZeneca to deliver 120 million vaccines by end of June
The European Union wants AstraZeneca to deliver at least 120 million doses of its COVID-19 vaccine by the end of June, a lawyer representing the EU said on Tuesday at the opening of a legal case against the company over delayed supplies. The lawyer was speaking in a Belgian court as proceedings in the second […]
Saudi to supply full crude volumes to at least 4 Asia buyers in June -sources
Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of crude as requested by at least four Asian refiners in June, five people with knowledge of the matter said on Tuesday.
Indian oil refiners cut output, imports as pandemic hits demand
India’s top oil refiners are reducing processing runs and crude imports as the surging COVID-19 pandemic has cut fuel consumption, leading to higher product stockpiles at the plants, company officials told Reuters on Tuesday. Indian Oil Corp (IOC.NS), the country’s biggest refiner, has reduced runs to an average of between 85% and 88% of processing capacity, […]
Colonial Pipeline’s website down amid cyber attack
Colonial Pipeline’s website was down on Tuesday as the operator of the largest fuel pipeline in the United States deals with a cyber-security attack that shut its entire network.
Philippines records first two cases of Indian coronavirus variant
The Philippines has detected its first two cases of a coronavirus variant first identified in India, its health ministry said on Tuesday.
Explainer: How Malaysia is seeking to recover billions of dollars missing from 1MDB
Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank (DBKGn.DE) and JPMorgan (JPM.N). read more The lawsuits are part of a years-long effort by Malaysia to recover billions of dollars missing from 1Malaysia Development Berhad (1MDB) in a scandal that […]
Virgin Galactic ‘evaluating’ timeline for next flight test, shares drop
Billionaire Richard Branson’s Virgin Galactic Holdings Inc (SPCE.N) said on Monday it was evaluating the timing of its next flight test, sending shares down 9.4% in extended trade. “Following Eve’s last post slide inspection, we tagged a potential wear and tear issue as requiring further evaluation and analysis to see if any additional action is necessary,” said […]
