At Epic v Apple’s closing, judge probes implications of upending Apple’s app store
Federal Judge Yvonne Gonzalez Rogers held unconventional closing arguments in the antitrust trial between Epic Games and Apple Inc. Both side’s attorneys peppered for three hours about how far she could and should go to change Apple’s App Store business. This trial is being watched by many App makers and regulators around the world. Gonzalez […]
Gamestop jumps more than 16% as Meme stocks roar higher
Shares of GameStop soared 16.3%. This is after hitting their highest level since late March. Other so-called “meme” stocks also rallied as investors shifted back into the retail favourites that had notched big gains earlier in the year. Dennis Dick, head of markets structure and proprietary trader at Bright Trading LLC said that once it goes […]
Huawei plans to launch new operating system for phones in June
China’s Huawei Technologies said that it will launch its new Harmony operating system for smartphones on June 2. This is its biggest move yet aimed at recovering from the damage done by U.S. sanctions to its mobile phone business. The use of its own operating system will mean that it will no longer be reliant […]
Buy now, pay later players tackle credit conundrum in Mideast’s Gulf
As the pandemic drives a shift in consumer spending online, Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit. Consumers have traditionally been sceptical of paying for goods before getting them. And in such a region the digital buy now, pay later (BNPL) purchasing is relatively a new beginning. […]