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European Parliament bans Amazon lobbyists

Amazon.com lobbyists have been banned from the European Parliament at the request of the parliament's employment committee, a spokesperson said on Wednesday, confirming an earlier report by news outlet Politico.

Google hit with $2.3 bln lawsuit by Axel Springer, other media groups

Alphabet's Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company's practices in digital advertising.

Teleperformance shares plunge on AI disruption concerns

Teleperformance shares plunged to a 7-year low on Wednesday over concerns artificial intelligence (AI) will disrupt the French call centre firm's business.

Reliance, Disney to dominate Indian entertainment with streaming, TV assets

Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating a $8.5 billion powerhouse in the world's most populous nation.

Bumble falls as CEO signals need for app revamp after poor earnings

Bumble shares fell about 5% on Wednesday after its downbeat quarterly revenue forecast underscored the need for a revamp of the dating-app experience to attract newer generations seeking companionship.

Odysseus moon lander still generating power to allow data collection

The Odysseus moon lander continues to generate solar power, allowing flight controllers to gather data from the south pole region, Intuitive Machines said on Wednesday.

Trading platform Webull to go public in US via $7.3 bln SPAC deal

Webull has agreed to list its shares in the United States via a merger with a blank-check firm that values the online trading platform at $7.3 billion, the companies said on Wednesday.

Bitcoin hits $60,000 as 'FOMO' rally gathers pace

Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot bitcoin exchange traded products fuelled a 42% price rally in February, which would mark its largest monthly gain since December 2020.

Reliance, Disney to merge India media assets to create $8.5 bln powerhouse

India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.

Fintech giant Stripe valued at $65 bln in stock-sale deal for employees

Stripe's valuation surged to $65 billion in a deal that will allow employees to cash out their stock, the payments service provider said on Wednesday, potentially further delaying its much-awaited initial public offering (IPO).

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