European watchdogs have issued a reprimand to Meta Platforms, the parent company of Facebook, accusing it of misleading consumers about the “free” and paid versions of Facebook and Instagram. These allegations arise amid efforts by Meta to comply with stringent European privacy regulations. Since November of the previous year, users on both platforms have had the option to choose between a free version, which includes personalized advertising, and...

The global commercial aircraft fleet is projected to nearly double by 2043, driven by robust growth in the aviation sector. According to aircraft manufacturer Boeing, the total number of planes in service with airlines will reach 50,170, a significant increase from the 26,750 aircraft in operation last year. Boeing’s latest market outlook, highlighted by Reuters, indicates that aircraft manufacturers will deliver an astounding 43,975 new aircraft to airlines...

Microsoft is experiencing a significant disruption in its Azure cloud services, causing global outages that have affected various sectors including airlines, banks, and emergency services. The disruption has been traced back to CrowdStrike’s security software, which is causing widespread Blue Screen of Death (BSOD) errors on Windows devices. The financial implications for Microsoft are substantial, including potential revenue losses, compensation claims, and damage to its reputation. Businesses relying...

The price of gold has reached a new all-time high, driven by expectations that the U.S. Federal Reserve will lower interest rates. This development is significant as lower interest rates typically lead to higher gold prices. Recently, the price of gold surged to over $2,460 per troy ounce (approximately 31.1 grams), surpassing the previous record set in late May. Gold traders are currently anticipating two rate cuts by...