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UK regulator approves Synopsys' $35 billion Ansys deal
Mar 05,2025
Britain's competition regulator has approved Synopsys'$35 billion acquisition of Ansys after the companies addressed concerns about the potential negative impact on innovation and pricing. In December, the regulator raised alarms that the deal could ...
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Musk's bid to halt OpenAI's for-profit transition rejected
Mar 05,2025
A US court has denied Elon Musk's request for a preliminary injunction against OpenAI's transition into a for-profit organisation. US District Judge Yvonne Gonzalez Rogers ruled that Musk did not meet the high standards required to block the move. Ho...
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FCC raises concerns over EU's online regulation impact on free speech
Mar 05,2025
The chairman of the US Federal Communications Commission (FCC) has criticised the EU's Digital Services Act (DSA), warning it could excessively limit free speech. Speaking at the Mobile World Congress in Barcelona, Brendan Carr argued that the Europe...
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Kraken wins legal battle as SEC ends registration lawsuit
Mar 05,2025
The US Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, marking a significant shift in regulatory oversight under the new administration. Kraken, which was accused of operating as an u...
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Financial crime agency investigates Paytm over past transactions
Mar 04,2025
India's financial crime enforcement agency has issued a show cause notice to Paytm over alleged violations of the country's Foreign Exchange Management Act. The notice relates to the acquisition of two companies, Little Internet Private Limited and N...
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Musk under scrutiny over $2.4 billion FAA telecom contract
Mar 04,2025
A group of US lawmakers is raising concerns over the potential involvement of SpaceX CEO Elon Musk in a$2.4 billion Federal Aviation Administration (FAA) telecommunications contract originally awarded to Verizon. Musk, who owns satellite company Star...
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Indian court rules against Amazon in major trademark dispute
Mar 04,2025
A court in India has ordered an Amazon unit to pay$39 million in damages for trademark infringement after unauthorised 'Beverly Hills Polo Club' garments were sold on its platform. The ruling marks one of the highest damages awarded against a US comp...
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Senator Warren urges stricter AI chip controls on China
Mar 03,2025
Senator Elizabeth Warren has called for tougher restrictions on Chinese technology, urging President Donald Trump's nominee for a key trade role to reinforce AI chip controls. In a letter to Jeffrey Kessler, the nominee for the Commerce Department's ...
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Nvidia earnings test approaches as AI stocks tumble
Feb 27,2025
AI-related stocks declined on Tuesday as investors braced for Nvidia's earnings, expected to provide insight into AI demand and justify high valuations. Concerns over slowing infrastructure investments and competition from low-cost Chinese AI models ...
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Canada to charge Google for news law enforcement
Feb 27,2025
Canada's telecommunications regulator, the CRTC, announced on Wednesday that it will impose a fee on Google to cover the costs of enforcing the Online News Act, which requires large tech platforms to pay for news content shared on their sites. The le...
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ASIC launches inquiry into WiseTech Global
Feb 27,2025
Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), has launched 'preliminary inquiries' into WiseTech Global amid a turbulent week for the logistics software company. This comes after a series of executive c...
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Nokia's $2.3 billion Infinera deal approved by EU
Feb 27,2025
The European Commission has approved Nokia's$2.3 billion acquisition of US-based Infinera, confirming the deal raises no competition concerns. The approval was granted unconditionally, as the combined company will hold only a moderate share of the op...
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