The UK is set to introduce new rules that will affect the major technology giants. The Competition and Markets Authority (CMA) said, quoted by BBC that Facebook and Google will be charged as the two firms accounted for around 80% of the £14bn spent on advertising online in 2019.
Amazon confirmed information it was planning to disburse another 500 million dollars to offset strike concerns related to its European key subsidiaries, world agencies reported . Amazon is under pressure from a global campaign targeting its business practices.
OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.
A Chinese probe on an unmanned moon mission to retrieve a lunar sample is approaching the moon and preparing for a soft landing, Chinese state broadcaster CGTN reported. The exact landing time is however unclear: some US experts had previously assumed a landing on early Monday morning but according to other estimates, the landing should take place on Tuesday or Wednesday.
The British government said on Monday that it will ban providers from installing Huawei equipment in the country's 5G network from September 2021, news wires reported. The announcement comes ahead of a debate over new telecoms legislation in parliament and fleshes out the timeline for equipment removal.
Hyundai Motor Co and Kia Motors’ US units on Friday agreed to a record $210m civil penalty after the US National Highway Traffic Safety Administration (NHTSA) said the two affiliated Korean automakers failed to recall 1.6 million vehicles for engine issues in a timely fashion and had inaccurately reported some information to the agency regarding the recalls.
Global aviation body IATA is developing a set of mobile apps to help passengers to navigate COVID-19 travel restrictions and securely share test and vaccine certificates with airlines and governments, it said on Monday.
Swedish truck maker Scania, a unit under Volkswagen AG’s commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world’s biggest auto market, it told Reuters.