Financial Times

Apple Inc (NASDAQ: AAPL) chief Tim Cook will testify as a prime witness for Fortnite maker Epic Games’ antitrust lawsuit against the iPhone maker’s alleged illegal monopoly, the Financial Times reports. Epic prosecuted Apple for perpetrating monopoly via the App Store,...

Cisco Systems Inc (NASDAQ: CSCO) expects a gross profit margin hit by 150 basis points in the current quarter from the pandemic fueled supply chain crisis, the Financial Times reports. Cisco also issued a cautious quarterly revenue growth guidance between 6%-8% after factoring in the...

Oxford University and AstraZeneca Plc's (NASDAQ: AZN) COVID-19 vaccine works well as a third booster shot, according to a study, the Financial Times reported citing people familiar with the matter. A third booster shot showed "strong enough against any variant,"...

DoorDash Inc’s (NYSE: DASH) fifteen job postings on management, strategy, and recruitment positions in Berlin insinuate towards its Germany foray, the Financial Times reports. Previously, Uber Technologies Inc (NYSE: UBER) had disclosed about the launch of...

Amazon.com Inc (NASDAQ: AMZN)-backed Munich’s smart home company, Tado, has raised an additional $46 million at a high three-digit million valuation under Hamburg’s Noventic Group-led funding round reaching total fundraising of $148 million, the Financial Times reports. The...

Teva Pharmaceutical Industries Ltd’s (NYSE: TEVA) CEO said that its offers to help manufacture coronavirus vaccines were turned down by major vaccine makers, despite having production capacity ready to deploy, Kare Schultz, CEO told the Financial Times. Teva has production...

The growing semiconductor chip crisis has extended to smartphone, television, and home appliance manufacturers from rising stockpiling, Financial Times reports, based on Asian manufacturers. What Happened: The pandemic-induced demand spike in electronics and production facility outages...

Facebook Inc (NASDAQ: FB) senior advertising executive Carolyn Everson had expressed concerns over the claim of overstatement of its advertisement reach against the company triggering a 2018 California lawsuit, the Financial Times reports. A small business owner alleged the Facebook...

A group of Germany’s major media, tech, and advertising companies slapped antitrust allegations against Apple Inc’s (NASDAQ: AAPL) iPhone privacy settings changes citing negative ad market repercussions, the Financial Times reports. What Happened: Today, ...

Uber Technologies Inc (NYSE: UBER) is attempting to crack down on Just Eat Takeaway.Com NV’s (OTC: TKAYF) (OTC: TKAYY) German food delivery market monopoly through employed couriers instead of gig workers, the Financial Times reports. Uber Eats timed its...

ValueLicensing founder Jonathan Horley has filed a £270 million lawsuit against Microsoft Corp (NASDAQ: MSFT) in the English High Court for allegedly monopolizing the multibillion-dollar market in the second-hand versions of its software by persuading companies to surrender...

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapore’s ride-hailing and financial services start-up Grab is set for a U.S. public listing through Altimeter Capital’s SPAC (special purpose acquisition company) Altimeter Growth...

U.S. food delivery app DoorDash Inc (NYSE: DASH) has accused its partner Olo Inc (NYSE: OLO) of several years of fraud and revenue manipulation and using the income to strengthen its position ahead of its March 17 initial public offering (IPO), the Financial Times...

Amazon.Com Inc (NASDAQ: AMZN)-backed food delivery app, Deliveroo’s shares plummeted 30% in the company’s London initial public offering (IPO) Wednesday, hitting the lows of 271p within the first 20 minutes of trading, the Financial Times reports. What Happened...