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Booking Holdings, the parent company of popular travel booking websites like Booking.com and Kayak.com, has been classified as an online gatekeeper by the European Commission due to the dominance of its hotel reservation site within the European Union. This classification comes as part of the Digital Markets Act, a set of rules designed to…

In addition to the recent charges against three individuals accused of collaborating with the Hong Kong intelligence service in the UK, Leon Panetta, a former US politician, has raised concerns about a proposed electric vehicle battery plant in Michigan potentially being utilized for Chinese espionage. These revelations come as Prime Minister Rishi Sunak prepares…

As Walmart prepares to release its first-quarter earnings, analysts predict a nearly 6% increase in net income for the period ending April 30. This follows a surge in online sales driven by demand for cheaper products, particularly in categories such as personal care, clothing, and electronics where Walmart faces intense competition from Amazon and…

The expansion of stablecoins, which played a significant role during the crypto bull market earlier this year, has come to a halt following the implementation of the mining reward halving on the Bitcoin blockchain in late April. The combined market value of the top three stablecoins, including Tether (USDT), USD Coin (USDC), and Dai…

Based on the recent moves of billionaire investor Ken Griffin, it can be concluded that Amazon represents a unique AI bet due to its use of AI to improve operations, resulting in lower costs and better customer service, as well as the sale of AI products and services through Amazon Web Services (AWS). Analyst…

As futures for major US indexes rose on Monday, investors eagerly anticipated crucial inflation figures this week to determine the likely timing of future interest rate cuts by the Federal Reserve. Following three consecutive weeks of gains in both the S&P 500 and Nasdaq Composite indices, the Dow recorded its largest weekly surge since…

The global increase in funding for the production of semiconductors, mainly driven by superpowers like the US and EU, is part of a larger geopolitical rivalry with China, specifically regarding cutting-edge technology in the field of semiconductors. This competition is expected to shape the future of the global economy. The US has committed $33…

According to FxPro trader Alex Kuptsikevich, Bitcoin (BTC) could face a panic sell-off if its price falls below $60,000 in the near future. Crypto traders are currently targeting a break above $65,000 before sentiment can be considered bullish. BTC temporarily rose above $63,000 in European morning hours on Monday, causing alternative and major tokens…

Chinese authorities have apprehended six individuals who played a role in operating an illicit digital currency conversion service worth approximately 2.14 billion yuan (equivalent to $296 million) through the use of cryptocurrencies. This revelation was reported by the China News Service via their Weixin platform, as disclosed by the Public Security Bureau of Panshi…

Investors in the eurozone were hesitant in their positions as they awaited important economic data from the United States, particularly the upcoming releases of the producer price index (PPI) on Tuesday and the consumer price index (CPI) and retail sales statistics on Wednesday. Meanwhile, Germany’s benchmark 10-year government bond yield decreased by one basis…