Apple Inc. has lodged an appeal with the European Court of General Jurisdiction challenging the European Commission's directive to enhance the compatibility of its iOS operating system with rival products, according to The Wall Street Journal. At the end of March, the European Commission mandated that Apple guarantees device compatibility for iOS with other companies' products, such as...

The UK government has fully divested its holdings in NatWest Bank (previously Royal Bank of Scotland), according to the Financial Times. Earlier this month, the state's share has already dropped below 1%. In December 2023, it stood at 38%. The Royal Bank of Scotland, among the largest banks in the nation, was taken into public ownership following the financial crisis of 2008. Taxpayer funds...

Dell Technologies reduced net income by 3% in the first quarter of fiscal 2026 while boosting revenue by 5% and provided a positive outlook for the ongoing quarter. In a press release, the company reported that its net income for the quarter ending May 2 was $965 million, down from $992 million in the same period of the prior fiscal year. Earnings per share remained the same at $1.37. Profits,...

Boeing Co. will restart aircraft deliveries to China in the upcoming month, stated the company’s chief executive officer Kelly Ortberg during a Bernstein event on Thursday. Ortberg mentioned in April that shipments were stopped at the urging of Beijing. Reports indicated that Chinese officials instructed local airlines to cease accepting Boeing aircraft because of the trade conflict initiated...

The cosmetics manufacturer company e.l.f. Beauty has acquired the cosmetics brand Rhode, founded by model Hailey Bieber, for $1 billion, writes CNN. The acquisition of Rhode marked the biggest purchase for e.l.f. Beauty, prior to its $355 million acquisition of skincare brand Naturium in 2023. Bieber will stay at Rhode as the chief creative officer and head of innovation. As reported by CNN,...

The administration of US President Donald Trump has prohibited certain US firms from selling products to China, according to CNN, which referenced an unnamed official from the Commerce Department. As per the TV channel's source, the ministry views the exports as strategically significant for China.  He mentioned that in certain instances, the Ministry of Trade “halted export licenses or...

The European Commission (EC) stated that Shein, the Asian e-commerce platform, engages in sales practices that breach EU law and may incur fines if it does not alter its behavior. European consumer protection regulators identified the violations, the EC stated in a release. The examination of Shein's practices is still in progress.  The infractions involve misleading discounts, meaning the...

Participants at the NATO summit scheduled for June 24 to 26 may approve a defense expenditure target of 5% of GDP for member nations, Secretary General Mark Rutte stated on Monday. “I acknowledge the chance that we will reach an agreement on increased defense expenditures - 5% of GDP - at the summit in The Hague,” Bloomberg quoted Rutte.  The agency notes that Rutte has explicitly...

Reuters writes citing three sources that the online adult content platform OnlyFans could be acquired by a group of investors headed by the US investment firm Forest Road Company for $8 billion. The sources note that several members of Forest Road's management team have been discussing a potential arrangement to take OnlyFans public as soon as 2022. Fenix International Ltd, which owns the...