Microsoft is facing accusations of anti-competitive behavior in Spain, as Asociación Española de Startups files a complaint against the tech giant. The complaint alleges that Microsoft is leveraging its dominance in the software market to compel the use of its cloud services, amidst growing scrutiny of its power in the cloud computing sector.
Aramco, the world’s largest oil exporter, has maintained its $31 billion dividend payout to investors, including the Saudi government. This decision comes despite lower profits and aims to support the kingdom’s economy during a period of budget deficit. Crown Prince Mohammed bin Salman is focusing on ambitious projects like Neom, emphasizing tourism, and seeking investments in sporting leagues to transform the economy.
Sony’s shares have dropped following its proposed acquisition of Paramount Global, raising concerns about financing. The $26 billion proposal made with Apollo Global Management Inc. is being considered by Paramount, creating uncertainty in the market regarding the deal.
Amazon is set to invest $9 billion in expanding its cloud computing infrastructure in Singapore over the next four years. The move aims to meet the increasing demand for cloud services in the region and drive the adoption of artificial intelligence technology.
As U.S. drivers prepare for the summer, they may experience similar gas prices compared to last year. The Energy Information Administration projects an average of $3.68 per gallon from April to September, only a slight increase from the previous year despite rising oil prices.
In the workplace, a report by the Federal Reserve Bank of New York reveals that cities like New York and San Francisco are still struggling to recover their pre-pandemic workforce levels. Meanwhile, places like Austin and Phoenix have seen significant growth in their labor force, attributed to remote work and changing urban dynamics.
Disney has reported strong earnings, thanks in part to the success of its streaming service. However, a coming slowdown in Disney theme parks has raised concerns among investors, leading to a drop in share prices. The company’s focus on updating its iPad and Air models signifies its commitment to innovation amidst market challenges.
Apple has unveiled its latest iPad Pros and Airs, featuring faster processors and new display systems. This update marks the first refresh of Apple’s tablet lineup in over a year and comes after a decline in iPhone sales. The tech giant is expected to showcase more artificial intelligence technology in its upcoming operating systems, keeping users engaged with innovative features.
