According to multiple online media reports, Sony is facing a mass lawsuit worth almost C$11 billion (£6.3 billion) over allegations that the PlayStation maker abused its market dominance and unfairly depressed prices to consumers, a London court has ruled two days ago. Last year, Sony Interactive Entertainment was sued on behalf of almost 9 million … [Read more…]
On Earth, geological activity and the resulting formation of continents are thought to have played a crucial role in the origin and development of life. According to this principle, if an exoplanet has continents, its habitability potential increases. A recent study shows that certain exoplanets in our Milky Way may have formed continents more than … [Read more…]
More than $43.6 billion in public funds will flow to Volkswagen, Stellantis-LGES and Northvolt factories to produce batteries for electric vehicles, according to the Parliamentary Budget Officer (DPB), who estimates that this will be “a good 5, “$8 billion more than expected.” “We estimate that the total cost of government support to Northvolt, Volkswagen and … [Read more…]
Ultimately, the Mach Group will buy part of the real estate portfolio of Stéphan Huot’s defunct empire for an amount of around $560 million. All that is needed is the court’s consent to proceed, as none of the creditors have raised objections to the proposed order. • Also read: With a debt of $1.2 billion, … [Read more…]
The universe is full of secrets. New research published in the September issue of the American Astronomical Society’s Research Notes journal suggests that a number of exoplanets at the edges of our galaxy may have formed continents over time. In this way, they would have advanced life five billion years earlier than Earth, reports Live … [Read more…]
Signage at a SoftBank Corp store. in the Ginza district in Tokyo, Japan, on Wednesday, November 1, 2023. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group rose 5% on Wednesday after the Japanese technology giant said it would receive shares in telecommunications company T-Mobile US worth about $7.59 billion at no additional … [Read more…]
metro exclusive By Nolan Hicks Published December 25, 2023, 3:43 pm ET The controversial planned $17 billion expansion of Penn Station could be avoided — saving taxpayers money and three downtown blocks from the wrecking ball — but only if MTA, New Jersey Transit and Amtrak agreed to work together, like a Postal investigation found. … [Read more…]
As incredible as it may seem, Quebec households got richer during the disastrous first year of the COVID-19 pandemic. That’s according to the latest personal tax statistics for 2020, just released by Legault government financier Eric Girard. While the economy was virtually paralyzed for many months, scores of workers had left their jobs, hospitals were … [Read more…]
A customer enters a Nike store in the Magnificent Mile shopping district in Chicago, Illinois, on December 21, 2022. Scott Olson | Getty Images Nike plans to simplify its product assortment, increase automation and use of technology, streamline its overall organization and use its scale “to increase efficiency,” the company said in a press release … [Read more…]
Among the many deals that have fallen through recently, Adobe’s $20 billion acquisition of Figma, an up-and-coming design software maker, is among the most telling. The companies had promised that it was a way to “launch a new era of collaborative creativity,” but regulators in three jurisdictions saw it as an unacceptable attempt by a … [Read more…]