Google Defends Practices in High-Stakes Antitrust Case
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Industries
China’s BYD overtakes Tesla revenue for first time
BYD’s revenue jumped 24% as government subsidies give China’s car industry a boost The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in
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French Families Sue TikTok over Harmful Content
Several French families have initiated a lawsuit against TikTok, alleging that the platform failed to effectively moderate harmful content. TikTok faces mounting legal and regulatory scrutiny in Europe regarding content moderation practices.
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Blocked Vodacom Merger Hinders South African Telco Market
A significant merger between telecom giants Vodacom and MTN was blocked by South African regulators. Industry analysts suggest that mergers could expand network reach and improve competition, but regulatory caution over monopolization has stalled these efforts.
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Ryanair’s Profit Drops by 18%
Europe’s largest airline, Ryanair, reported an 18% decline in profit for the first half of 2024. This dip is attributed to weaker ticket prices, with fare reductions expected to ease slightly by December. The company hopes improved demand will stabilize
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