Royal Mail takeover by Czech billionaire approved
The sale of Royal Mail’s parent company to a Czech billionaire has been cleared by the government. The £3.6bn takeover by Daniel Kretinsky’s EP Group has been given the go-ahead…
Category: Business
General Motors pulls plug on robotaxi business
General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now “refocus autonomous driving development on personal vehicles”. GM…
Microsoft faces £1bn class action case in UK over software prices
Thousands of UK businesses could receive payouts if a legal claim filed against tech giant Microsoft is successful. Regulation expert Dr Maria Luisa Stasi is alleging the tech giant overcharged…
Facebook’s Meta will face €550m lawsuit from Spanish media companies next year
A MADRID court has set an October 2025 trial date for a €550 million lawsuit by more than 80 Spanish media companies against Facebook owner Meta for allegedly violating EU…
Danone raises offer for Lifeway Foods
PARIS — Danone SA has raised its offer to acquire Morton, Ill.-based Lifeway Foods from $25 per share to $27 per share, for a total value of approximately $300 million. The new…
Amazon launches Temu and Shein rival with ‘crazy low’ prices
Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein.…
Nissan to lay off thousands of workers as sales drop
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making…
TikTok owner sacks intern for sabotaging AI project
TikTok owner, ByteDance, says it has sacked an intern for “maliciously interfering” with the training of one of its artificial intelligence (AI) models. But the firm rejected claims about the…
Boeing strikers not interested in 30% pay rise – union
The union representing thousands of striking Boeing workers says a survey of its members shows they are “not interested” in the aviation giant’s latest pay offer. “Many comments expressed that…
Telegram CEO Durov says his arrest ‘misguided
Telegram founder and CEO Pavel Durov has hit out at French authorities, calling his arrest last week in relation to allegations of insufficient moderation on the messaging app “misguided”. In…