Musk’s X hit with complaint alleging it broke Europe’s privacy laws

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City.  Slaven Vlasic | Getty Images Elon Musk’s X has been hit with a complaint from privacy activist Max Schrems, which alleges the platform broke the European Union’s hard-hitting privacy rules. … Read more

Amazon wins $270 million tax fight with the EU

Products are seen on a conveyor belt at an Amazon fulfillment center where they are being sorted and shipped out as same day orders during Cyber Monday at the Same-Day Delivery Facility Fulfillment Center on November 27, 2023 in Tampa, Florida.  Octavio Jones | Getty Images News | Getty Images Europe’s top court on Thursday … Read more

Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more

Bank of England leaves policy unchanged, says rates to stay high for ‘extended period’

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy is … Read more

AIFs deliver 13.5% IRR alpha over Sensex during 2013-2023: CRISIL

Notwithstanding top performance of Indian headline indices, AIF benchmarks have outperformed the S&P BSE Sensex, generating an internal rate of return (IRR) alpha of 13.5% as of March 2023, a CRISIL report reveals. This outperformance is not limited to a handful of funds as over 75% of them in the benchmark have generated a positive … Read more

Moderna, Merck cancer vaccine reduces risk of skin cancer return

An exterior view of Moderna’s clinical manufacturing facility.  David L. Ryan | Boston Globe | Getty Images Moderna and Merck‘s experimental cancer vaccine, when used in combination with Merck’s blockbuster therapy Keytruda, reduced the risk of death or relapse in patients with the most deadly form of skin cancer after three years, according to midstage … Read more

Inside Mark Zuckerberg’s Top-Secret Hawaii Compound

The cost rivals that of the largest private, personal construction projects in human history. Building permits put the price tag for the main construction at around $100 million, in addition to $170 million in land purchases, but this is likely an underestimate. Building costs on the remote island are still higher than pre-pandemic levels. That … Read more

German Chancellor announces 2024 budget plan after debt crisis talks

German Chancellor Olaf Scholz (SPD), Economy and Climate Action Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) listen during the Budgetary debate in the plenary hall of the German Lower house of Parliament or Bundestag on November 28, 2023 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Germany’s … Read more

Twilio hires Qatalyst to advise on shareholder, activist defense

Jeff Lawson CEO, Twilio Scott Mlyn | CNBC Cloud software developer Twilio has hired Qatalyst Partners, the investment bank founded by Frank Quattrone, to advise on its defense against a group of activist investors, according to two people with knowledge of the matter. Qatalyst, which previously advised Segment when Twilio purchased it for $3.2 billion … Read more