Flooding and freezing conditions hit Gaza as overnight explosion reported
A flash of light followed by the sound of an explosion was observed over Gaza early on Saturday, according to witnesses, as severe winter storms worse...
Amazon wins a partial dismissal of the FTC lawsuit accusing it of monopolistic practices, though key details remain sealed. The FTC claims Amazon used anti-competitive tactics to dominate online marketplaces. The case will proceed in two parts, with some allegations allowed to continue.
Amazon.com Inc. achieved a partial win in its legal case against the U.S. Federal Trade Commission (FTC), with a Seattle federal court dismissing part of the antitrust lawsuit on Monday. While the details of the decision have not been fully revealed, the FTC alleges that Amazon has used unfair tactics to preserve its control over online retail and marketplaces. In response, Amazon had pushed for the case's dismissal last December, arguing that the FTC has not shown any consumer harm from its practices.
The FTC claimed last year that Amazon's use of an algorithm had caused U.S. households to spend over $1 billion more on products in its vast online store, which lists over 1 billion items.
Amazon countered in court filings, stating that it had discontinued the program back in 2019. In a sealed decision, Judge Chun partially approved Amazon's request to dismiss the case. However, court records show that the FTC can still pursue claims that were not fully dismissed by the judge.
Judge Chun ruled that the case against Amazon will be split into two trials, rejecting the company’s request to combine the FTC’s evidence and proposed remedies into one. The FTC claims Amazon stifles competition, while Amazon defends its practices as beneficial to consumers.
This lawsuit is part of a larger antitrust push against Big Tech, including cases against Meta, Apple, and Google.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
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