London investigates Google for abuse of dominant position

The UK Competition Authority (CMA) has opened an investigation into Google’s online advertising practices, raising concerns about a possible abuse of a dominant position that could harm access to information for Britons . This is the second investigation opened by the CMA on Google and its parent company Alphabet after that on a possible illicit … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

oil inventories fall less than expected

Commercial crude oil reserves in the United States fell less than expected last week, according to figures released on Wednesday by the United States Energy Information Agency (EIA), which also reported a stabilization in American production. During the week ended May 20, black gold inventories fell by a million net barrels, while analysts expected a … Read more

Elon Musk’s tunnel-building business is worth nearly $6 billion

Founded in 2016 by the boss of Tesla and SpaceX, the start-up aims to revolutionize urban transport. The start-up The Boring Company, founded by Elon Musk and specializing in the construction of tunnels in large cities, announced that it had raised $675 million, bringing its valuation to $5.675 billion. Read alsoElon Musk attacks Twitter and … Read more

durable goods orders grew more slowly in april

Durable goods orders rose a little less than expected in April in the United States, driven by civil aeronautics, the sector which recorded the strongest growth, according to data released Wednesday by the Commerce Department. Read alsoIn the United States, publishing must face censorship The total amount of orders amounted to 265.3 billion dollars, up … Read more

Accused of corruption and manipulation, Glencore signs agreements in the United Kingdom, the USA and Brazil

The group said in February that it had set aside $1.5 billion in provisions to settle ongoing investigations. The Swiss group Glencore announced on Tuesday that it had entered into coordinated agreements with authorities in the United Kingdom, the United States and Brazil, pleading guilty to corruption and market manipulation. Read alsoGlencore to invest USD … Read more

Walmart expands drone delivery service

The American retail giant Walmart announced on Tuesday the expansion of its drone delivery service, planning to make it available in 34 locations in the United States by the end of the year. The drones will be operational in six US states (Arizona, Arkansas, Florida, Texas, Utah and Virginia) with the ability to reach up … Read more

31 tons of powdered milk landed in the United States

A plane from Germany with more than 31 tons of cans of baby milk powder intended for the American market, affected by a major shortage, landed on Sunday morning in the United States, according to images broadcast on American television channels. President Joe Biden had earlier announced on Twitter that a plane “loaded with more … Read more

Elon Musk says he is considering ‘resigning’ and continues to sell his Tesla shares

On Twitter, the message from the CEO of SpaceX, which has more than 65 million subscribers, has already received 237,000 “likes”. Elon Musk, the whimsical boss of electric vehicle manufacturer Tesla, said on Friday that he was considering “to resignhours after selling shares in the company again. “I’m thinking of quitting to become a full-time … Read more

Accused of sexual harassment and exhibitionism, Elon Musk responds on Twitter

SpaceX reportedly paid one of its flight attendants $250,000 not to sue Elon Musk after he made sexual advances to her, reports Business Insider. An article by the American media Business Insider claims that a flight attendant employed by SpaceX was paid $250,000 by the company in 2018 in exchange for her silence following sexual … Read more