Alphabet’s Google pays more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, stifling competition, the US Justice Department said Tuesday at the start of a high-stakes antitrust trial in Washington. From a report: “This case is about the Read more…
India’s road transport minister on Tuesday warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world’s third-largest car market. From a report: Here are some facts about India’s automotive market, the biggest after China Read more…
The European Union has lowered its forecast for economic growth this year and next, saying inflation is taking a heavy toll on people’s willingness to spend in shops — while higher interest rates are sharply restricting the credit needed for investment and purchases. From a report: The revised forecast Monday Read more…
Four million fewer teenagers enrolled at a college in 2022 than in 2012. For many, the price tag has simply grown too exorbitant to justify the cost. From 2010 to 2022, college tuition rose an average of 12% a year, while overall inflation only increased an average of 2.6% each Read more…
The collapse in cryptocurrency prices last year forced a procession of major firms into bankruptcy, triggering a government crackdown and erasing the savings of millions of inexperienced investors. But for a small group of corporate turnaround specialists, crypto’s implosion has become a financial bonanza. Lawyers, accountants, consultants, cryptocurrency analysts and Read more…
The first experiment to produce oxygen on another planet has come to an end on Mars after exceeding NASA’s initial goals and demonstrating capabilities that could help future astronauts explore the red planet. The microwave-size device called MOXIE, or Mars Oxygen In-Situ Resource Utilization Experiment, is on the Perseverance rover. Read more…
