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Amazon steers consumers to higher-priced items, lawsuit claims
AMAZON.COM was sued in a proposed United States class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced...
Bezos sells US$2 billion of Amazon shares in first major stock sale since 2021
JEFF Bezos unloaded 12 million shares of Amazon.com this week, the first time the billionaire has sold the company’s stock since 2021. The sales took place on Wednesday (Feb...
SoftBank sees new-found caution as secret weapon in AI arms race
FOR years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son’s tech powerhouse is relying on a new weapon as...
ASML’s next chip challenge: rollout of its new US$350 million ‘High NA EUV’ machine
CHIP toolmaking giant ASML said on Friday (Feb 9) it was gearing up production of its new US$350 million “High NA EUV” machine, a device the size of a...
BASF to exit joint ventures in China’s Xinjiang amid rights record scrutiny
BASF said on Friday (Feb 9) that it would sell its stakes in two joint ventures in the Chinese region of Xinjiang, where human rights groups have documented abuses...
Disney harnesses AI to drive streaming ad technology
WALT Disney is harnessing artificial intelligence (AI) to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a...
Barclays bank to stop financing new oil, gas projects
BRITISH bank Barclays said on Friday (Feb 9) it would stop directly financing its energy clients’ new oil and gas projects, but still ran into fierce criticism from campaigners...
Citi tells dealmakers to control their drinking at client events
CITIGROUP dealmakers were told to be disciplined when consuming alcohol at client events after the bank received complaints of unruly behaviour, according to sources with knowledge of the matter....
