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Google’s dominance in the online search market is under intense legal scrutiny as U.S. District Judge Amit Mehta prepares to issue a ruling that could reshape the company’s core business. The decision follows the conclusion of the remedies phase in a landmark antitrust case brought by the U.S. Department of Justice (DOJ), which previously found Google in violation of antitrust laws related to its search and search advertising...
Ford Motor Company’s $3 billion electric vehicle (EV) battery plant in Marshall, Michigan, is facing significant uncertainty following the passage of a tax reform bill by the U.S. House of Representatives. The legislation proposes eliminating key federal tax credits for EV batteries that involve Chinese technology, a move that could directly impact the viability of Ford’s nearly completed facility. Executive Chair Bill Ford expressed concern that the removal...
Investor demand for Japan’s long term government bonds showed renewed signs of fragility this week, as a ¥500 billion (approximately $3.5 billion) auction of 40 year securities drew significantly weaker interest than expected. The bid to cover ratio a key indicator of demand fell to 2.21, the lowest level recorded since July 2024. This metric reflects the number of bids received relative to the amount of bonds sold,...
In a significant development nearly ten years after the diesel emissions scandal first came to light, a German court has convicted four former Volkswagen executives for their roles in the company’s emissions fraud. The verdict, delivered by the regional court in Braunschweig, marks a major milestone in the long-running legal reckoning for one of the auto industry’s most damaging corporate scandals. Two of the former managers received prison...
OpenAI has announced the establishment of its first office in Seoul, marking a significant step in its global expansion strategy. The move comes as South Korea emerges as one of the most active markets for the company’s flagship product, ChatGPT. According to OpenAI, South Korea ranks second only to the United States in terms of paid ChatGPT subscriptions. This growing user base has prompted the company to formalize...
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