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FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge

FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge

The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands.


Trump Media to Grant Donald Trump $1.25 Billion Stock Bonus This Week

Former President Donald Trump is on track to receive a sizable stock bonus from Trump Media & Technology Group Corp. this week, amounting to over $1.25 billion.

Amazon Is Ending Drone Deliveries in California, Eyes Arizona Expansion

Amazon has ceased drone delivery operations in Lockeford, California, as it prepares to expand its Prime Air program in Arizona.

EU Launches Formal Probe Against TikTok Lite Over Potentially Addictive Feature

TikTok Lite, recently introduced in France and Spain, includes a "Task and Reward Lite" program, enabling users to earn points for various in-app activities. However, the EU worries about its potential impact on users' mental health.


Latest News

ITALY-TECHNOLOGY-ART
Apple has acquired Datakalab, a Paris-based startup specializing in AI compression and computer vision technology, which hints at potential advancements in features like Photos and Face ID in iOS 18.
FRANCE-BASTILLE-DAY
Suspected Russian jamming of GPS systems has disrupted thousands of flights over the Baltic Sea, affecting over 46,000 aircraft, prompting safety concerns among airlines like Ryanair, Wizz Air, British Airways, and easyJet.
Swiss Finance Minister Hans-Rudolf Merz
Swiss banks are criticized for sharing banking data with the CIA, sparking debate over privacy rights and law enforcement needs, while Switzerland's Finance Minister defends the decision.
Tribeca Talks: After The Movie: The Rise and Rise Of Bitcoin - 2014 Tribeca Film Festival
Bitcoin miners are adapting to reduced revenues post-halving by investing in innovative solutions, while some are also exploring opportunities in artificial intelligence.
Russia Sentences Meta Platforms Spokesperson Andy Stone to 6 Years in Prison for Publicly Defending 'Terrorism'
In a ruling delivered in absentia, a military court in Russia has sentenced Andy Stone, a spokesperson for Meta Platforms, to six years in prison.
HYBE America Director Scooter Braun Reportedly Backed Idea of Killing Babies in Gaza
HYBE America Director Scooter Braun has faced criticism in recent months for his active role in promoting Zionism amid Israel's assault on civilian life in the Gaza Strip.
Express Clothing Chain To Close Approximately 100 Stores By 2022
US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores.
Grindr
Grindr may be sued by users who say the dating app exposed their HIV status and other confidential information to advertising firms.
Antony Blinken
A senior State Department source says US Secretary of State Antony Blinken would warn China about its military support for Russia when he arrives this week.
Prominent Businessman in Pakistan Found Dead After Cousin Sprayed Bullets Outside His Home
A prominent businessman in Pakistan was allegedly shot dead by his cousin outside his house in the early hours of Sunday.