BUSINESS

HONDA POSTS RECORD PROFIT

Photo Credit: Honda

Honda, a Japanese auto giant, on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.

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THREE MOVIES AND TWO SHOWS FROM THE MCU!!

Photo Credit: Disney

How would you feel if marvel studios released only three movies and two shows per year?Well it just did.During Disney's quarterly earnings call on Tuesday, CEO Bob Iger announced a new strategy for Marvel to reduce output and focus on quality. Iger stated that the MCU will be shrinking, with a new mission to drop the number of Marvel TV series to two per year and the film output to no more than three movies per year.

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APPLE’S CONTROVERSIAL IPAD AD

Photo Credit: Apple

Apple’s latest iPad Pro commercial stirred up quite a storm. In this ad, the company showcased its ultra-thin iPads by using an industrial crushing machine to compress various creative objects as "All I Ever Need is You" played in the background . These objects included books, paint cans, statues, musical instruments including a piano, an old model TV and an arcade game.

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SONY BIDS TO ACQUIRE PARAMOUNT GLOBAL

Photo Credit: Sony

Sony Pictures Entertainment, in collaboration with Apollo Global Management, has entered formal negotiations to acquire Paramount Global. This development follows the expiration of Paramount's exclusive discussion period with Skydance Media, as reported by The New York Times.

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US GOVERNMENT REVOKES LICENSE FOR EXPORT OF CHIPS TO HUAWEI

Photo Credit: Huawei

The US government has recently taken action to revoke certain licenses that permitted American chip manufacturers to export specific goods to the Chinese technology company Huawei. This decision comes in the wake of Huawei’s unveiling of an AI-enabled computer that utilizes a chip developed by Intel. The Department of Commerce, however, has not disclosed which specific licenses have been cancelled.

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GOOGLE'S ANTITRUST TRIAL HITS THE CURTAN CALL AND THE DOJ's CALL FOR SANCTIONS

Photo Credit: File Photo

The DOJ's request for sanctions stems from allegations that Google intentionally destroyed internal chat evidence, which could have been pivotal in the case. This action, if proven, could indicate an attempt by the tech giant to obscure the full extent of its alleged anticompetitive practices.

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TIKTOK SUES U.S. GOVERNMENT TO BLOCK APP BAN

Photo Credit: Tik Tok

TikTok is taking legal action against the U.S. government in an effort to prevent a nationwide ban. The lawsuit, filed by TikTok and its Chinese parent company ByteDance, challenges a law that could force the app’s divestiture or outright ban if certain conditions are not met within a specified timeframe.

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EU REGULATORS INVESTIGATE APPLE, GOOGLE, AND META UNDER NEW DIGITAL MARKETS LAW

Photo Credit: Facebook

The Digital Markets Act, which came into effect earlier this year, aims to curb the dominance of major tech players by ensuring fair competition and protecting consumers. It empowers regulators to scrutinize companies that hold significant market power and take corrective actions if necessary.

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