Tag results for: Business

The European Union has fined Apple in it’s first anti-trust lawsuit against the tech giant for favoring it’s own streaming service over rivals. According to the European Commission, Apple stopped app developers from “fully informing iOS users about alternative and cheaper music subscription services outside of the app.” This led to users paying “significantly higher prices for music streaming subscriptions." The...

What's Happening Egypt has announced that 35 billion USD in investments from the UAE would be flowing into the country over the next two months. The investment is in order to develop a 170km2 area of Ras El Hekma into a "next generation city" according to ADQ, the Emirati investment fund which is working on the project in cooperation with...

Current and former leaders of the Alabama-based coal mining company, Drummond, are set to go on trial for allegedly funding right-wing paramilitaries, according to Colombia’s Attorney General’s office. The prosecutor claims there is "abundant evidence" that former company president Augusto Jimenez, who led the company’s Colombian operations from 1990 to 2012, and the current head, Jose Miguel Linares, conspired with...

In an interview on Wednesday with the Financial Times Lockheed Martin's chief operating officer (COO,) Frank St. John, said there is "a lot of conversation about third party transfer of F-16s." St. John went on to say that his company will ramp up production of the jets so they'll be prepared to "backfill pretty capably any countries that choose...

One day after announcing to investors and customers that it may not be able to remain in business, the value of Bed Bath & Beyond shares has continued to decline. In the past year, the widely recognized meme stock has plummeted in value, currently trading at around $1.30, representing a loss of almost 90%. Additionally, the stock lost 23%...