Microsoft's $13 billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on Thursday. Microsoft's OpenAI partnership, together with those between Alphabet, Amazon and Anthropic, have triggered scrutiny on both sides of the Atlantic as antitrust enforcers seek to understand how these deals affect competition. The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation.
Apple (AAPL) CEO Tim Cook will be meeting with Singapore's incumbent Prime Minister Lee Hsien Loong and newly-appointed Prime Minister Lawrence Wong as the chief executive continues his tour through Asia. The iPhone maker seeks to expand into other consumer markets after its iPhone shipments to China fell off by 33% in February and competitor Huawei assumes more market share in the nation. Yahoo Finance Tech Editor Dan Howley highlights Apple's plans for international growth while fighting to regain global market share for smartphone devices. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.
TORONTO — Canada's main stock index was up more than 100 points in a broad-based rally on Thursday, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 131.00 points at 21,787.05. In New York, the Dow Jones industrial average was up 319.37 points at 38,072.68. The S&P 500 index was up 32.81 points at 5,055.02, while the Nasdaq composite was up 100.08 points at 15,783.45. The Canadian dollar traded for 72.72 cents US compared with 72.50 cents US on Wednesday. The June
CAPRI, Italy (AP) — Top NATO and European Union officials urged foreign ministers from leading industrialized nations on Thursday to take quick, concrete steps to provide more air defense systems and artillery to Ukraine, warning that continued delays could tilt the war in Moscow’s favor. NATO Secretary General Jens Stoltenberg and EU foreign policy chief Josep Borrell addressed a meeting of foreign ministers of G7 nations meeting on the Italian resort island of Capri. Russia’s war on Ukraine an
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