Locking down its deliveries the keyes are drones to amazon locking down its deliveries . Shares tumbled at the start of the week after news broke these companies could be the target of antitrust probes. Are les case, they the department of justice is mulling an antitrust probe and has restriction over a potential apple pro. Meanwhile probe. Meanwhile, the ftc is looking at whether apple practices harm competition. Google makes up over half of digital ad revenue and their closest competitor amazon has 9 of the market. The digitaldominate ad market but does own up to half of ecommerce. We also learned a potential amazon probe fall under the ftc. The director of the enforcement policy and bloombergs Senior Editor for global tech join us for reaction. What we have is a political reality, not get a legal one. The tech environment is big, complex, and intimidating. So our two antitrust agencies have met to divvy up the playing. Ield, so to speak emily does this mean that they will or that an
We take a look at the ecommerce giants plan. Of top story, shares alphabet, facebook, apple, and amazon tumbled at the start of the week after news broke these companies could be the target of antitrust probes. In googles case, they are the department of justice is mulling an antitrust probe and has restriction over a potential apple probe. They now reportedly have jurisdiction over a potential apple probe. Meanwhile, the ftc is looking at whether apple practices harm competition in the digital market. Google and facebook make up over half of digital ad revenue and their closest competitor amazon has 9 of the market. Amazon does not dominate the digital ad market, but does own up to half of the ecommerce market. We also learned a potential amazon probe fall under the ftc. The director of the enforcement policy and bloombergs Senior Editor for global tech join us for reaction. Brad what we have is a political reality, not get a legal one. The tech environment is big, complex, and intimi
Requires focused policies, redoubling efforts and work and concerted efforts from all sides. Lets head over to our Asia Business hub and speak tojoao da silva. Its a crucial meeting, talk us through the headlines as this all gets underway. This is not m, but sweet cream to pop up, here years. Thank you forjoining us, its a crucial meeting, took us through the headlines as this gets under way on day one. What gets under way on day one. What is interesting gets under way on day one. What is interesting is gets under way on day one. What is interesting is how gets under way on day one. W ue ii is interesting is how similar those targets that were Just Announced our to those of last year and that despite the fact that the merger in the worlds second largest economy has changed. The government is expecting growth of around 5 in 2024 which is pretty much the same as forecast in 2023, it expects inflation of 3 , the deficit to stay also within its preferred 3 limit and the Unemployment Rate t
If you do anything online, from storing photos to buying stuff, chances are you rely on the cloud. We speak to tech boss who explains why its big business. We will speak to the former boss of ebay. Today we want to know. Are you worried are about storing precious stuff from cherished photos to personal data on the cloud . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. Its the final day of the summit involving leaders of brazil, russia, india, china and south africa also known as the brics. The group has been quick to condemn north korea for their Nuclear Missile tests, but discussions have also centred around kick starting global growth. While the white house is pushing a protectionist trade agenda, chinas stance is different. President xijinping wants to use this summit to promote what he describes as an open world economy. Then theres the brics bank a smaller, alternative to the world bank used by governments to Fund Infrastructure projects. It hand
Tell us volatility is back, but were not seeing it. This morning the vix is trading at 10. It marked the second time this year that the vix traded below 10. Overnight in asia, take a look and youll see the nikkei was up by 0. 7 . Hang seng was up by a third of a percent. The shanghai was down by a third of a percentage point. In europe, some of the early trading, things are relatively calm. Ftse up by a half percentage point. Modest gains for the cac and dax. Among the top stories, big news out of hollywood. The Writers Guild of america reaching a tentative agreement with the alliance of Motion Picture and Television Producers avoiding a Writers Strike. They reached an agreement just after midnight. The Writers Guild had threatened to strike today if an agreement was not in place. Infosys making a big bet on america. The Company Announcing it will create 10,000 jobs here in the United States of the next two years. Those jobs will focus on the cloud, Artificial Intelligence and big data