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News24 Business | Investment update | Why SA maize prices face an uncertain future

The latest investment insights and market developments.




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News24 Business | Blue Ribbon owner Premier reports earnings jump but maize prices still a concern

Blue Ribbon and Snowflake owner Premier's interim earnings rose by almost a third on Tuesday as the group benefited from a focus on margin management, cost savings and continued investment in its assets.




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NTPC Green Energy Sets Price Band Of Rs 102 For $1.2 Billion IPO

NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its Rs 100 billion IPO.




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Crypto Price Today: Bitcoin Hits New All Time High of $81,000, Market Highly Volatile

The overall crypto market grew by 1.42 percent in the last 24 hours. Bitcoin was joined by Dogecoin, Cardano, Ripple, and Tron on the profit-making side of the crypto charts on Monday, November 11.




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Vivo Y18t With 5,000mAh Battery, Unisoc T612 Chipset Launched in India: Price, Specifications

Vivo Y18t was silently launched in India as the latest entrant in the company's Y series. The new Vivo handset arrives in two colourways with an IP54-rated build. The Vivo Y18t sports a dual rear camera unit led by a 50-megapixel primary sensor. It runs on a Unisoc T612 chipset with 4GB RAM and 128GB storage. The budget smartphone carries a 5,000mAh battery with 15W fast charging support.




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Bitcoin Price Nears $90,000 After US President-Elect Donald Trump's Victory: What's Fuelling the Optimism Around Crypto

Bitcoin created its third all-time high in the past week, surging past $89,900 (roughly Rs. 75.9 lakh) in the last 24 hours, amid an ongoing surge spurred by Donald Trump's victory in the recently concluded US Presidential elections.  Here's why investors are optimistic about US President-elect Donald Trump's return to the White House in January 2025.




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Crypto Price Today: Micro Losses Strike BTC, ETH Leaving Altcoins Turbulent

The overall crypto market cap tumbled by 4.12 percent over the last day due to market fluctuations. Bitcoin and Ether both registered losses on Wednesday. Tether, Solana, and Tron also saw registered losses alongside BTC and ETH. Ripple and Tron saw losses. 




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Petrol Diesel Price: 13 नवंबर को पेट्रोल-डीजल के नए रेट जारी, जानें आपके शहर में क्या है लेटेस्ट रेट

Petrol Diesel Price On November 13: बिहार में पेट्रोल-डीजल महंगा हो गया है. बिहार में पेट्रोल (Petrol Price in Bihar Today) 8 पैसे बढ़कर 106.94 रुपये प्रति लीटर और डीजल (Diesel Price in Bihar) 20 पैसे बढ़कर 93.80 रुपये प्रति लीटर मिल रहा है.




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Food Prices Across The World Reached 18-Month High In October 2024

The world prices rose to the highest level in the past 18 months in October, revealed UN.




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"Only Rs 55": Bengaluru Vendor Challenges Zepto, BlinkIt's Coconut Prices, Goes Viral

While commerce apps are charging a high price for coconut, the local vendors viral ad is gaining traction for a low price.




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Moschino Introduces Food-Inspired Celery Clutch At A Whopping Price Of Rs 3.75 Lakh

The unique bag is green in colour and has very real-looking leaves and branches.




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Delaware Natural Gas Prices Set to Rise Ahead of Winter Heating Season

Dover, Del—Natural gas prices have spiked in the past six months and are up more than 30 percent since the end of August 2021. This is largely due to increased U.S. demand and the ongoing energy crisis in Europe. According to the Energy Information Administration, about 43 percent of Delaware households rely on natural gas […]




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Delmarva Natural Gas Prices Set to Rise Ahead of Winter Heating Season

Dover, Del.—Natural gas prices have continued to increase this year and are up nearly 60 percent year to date. This is largely due to increased U.S. demand and the ongoing energy crisis in Europe. According to the Energy Information Administration, about 42 percent of Delaware households rely on natural gas for home heating. “Due to […]




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Free and Reduced-Price Meal Policy: Annual Announcement

The Delaware Department of Education announces the U.S. Department of Agriculture policy for free and reduced-price meals for children unable to pay the full price for meals served under the National School Lunch Program (NSLP), School Breakfast Program (SBP), and After School Snack Program (ASSP). Each participating school and its administrative office have a copy of the policy, which may be reviewed by any interested party.




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FUJIFILM FinePix Real 3D W1 - world's first 3D camera - price Rs. 39,999 Review

Read the in depth Review of FUJIFILM FinePix Real 3D W1 - world's first 3D camera - price Rs. 39,999 Digital Cameras. Know detailed info about FUJIFILM FinePix Real 3D W1 - world's first 3D camera - price Rs. 39,999 configuration, design and performance quality along with pros & cons, Digit rating, verdict based on user opinions/feedback.




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Inflation in nearly half of major states outgrows India's Oct CPI; price pressure steepest in Chhattisgarh - Moneycontrol

  1. Inflation in nearly half of major states outgrows India's Oct CPI; price pressure steepest in Chhattisgarh  Moneycontrol
  2. Retail inflation surges to a 14-month high of 6.2% in October  The Times of India
  3. If we exclude vegetable prices, CPI inflation remains in RBI's range: UBI research  The Economic Times
  4. Rising food prices are likely to push back beginning of rate cutting cycle  The Indian Express
  5. India confident of reaching USD 100 billion trade volume with Russia ahead of 2030 timeline: S Jaishankar  Telegraph India





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Brace For Impact! Maruti Will Increase Price Of Almost All Cars By This Date: Check Full Details

India’s largest carmaker Maruti Suzuki India Limited (MSIL) has announced that it will hike the prices of its models from January 2023. It said the increase will vary for different models. Why? In a statement the automaker explained its struggles and the reason behind the hikes. “The Company continues to witness increased cost pressure driven […]




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2025 Ford F-150 receives some price cuts, starts at $40,705

Ford's bestselling F-150 full-size pickup truck receives minor changes for the 2025 model year, including some removal of standard equipment on certain trim levels in exchange for lower starting prices. Ford also rolls out BlueCruise 1.4 and expands the availability of the latest iteration of its limited hands-free driving system. The base F-150...




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2026 Cadillac Vistiq electric 3-row SUV revealed with $78,790 price tag

Cadillac Vistiq revealed as brand's “globally sized” electric three-row SUV Vistiq comes standard with 615 hp and 102 kwh Pricing starts at $78,790, including destination Cadillac's expansion of its electric vehicle lineup continues with the arrival of the 2026 Vistiq, a midsize SUV with third-row seats designed to fill the gap between...




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Insight – How global energy prices are affecting the price of Australian farm inputs

Global energy prices have eased, but Australian farmers will continue to pay elevated prices for fertiliser and diesel.




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Insight – Key drivers of recent global vegetable oil and cereal price volatility

This article examines the key drivers of price volatility for vegetable oils and cereals, and the implications for Australian exporters.




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The Samsung Galaxy Watch 6 has dropped to its lowest-ever price at Amazon ahead of Black Friday

The 44mm Samsung Galaxy Watch 6 in graphite normally retails for $329.99. As of Nov. 11, it's on sale for $169.99.




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Nab the Apple Watch Series 10 for the best price yet at this Walmart Black Friday deal

The Apple Watch Series 10 is on sale for $50-off at this early Black Friday deal at Walmart.




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The Dyson V12 Detect Slim just dropped to its 2023 Black Friday price for Walmart+ members

Starting at noon ET, Walmart+ members can score the Dyson V12 Detect Slim for just $399.99.




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Amazon deal of the day: Get four Apple AirTags for under $70, their lowest price ever

The best Amazon deals on Nov. 12 include four Apple AirTags, Google Pixel 9, 40-inch Amazon Fire TV, and Google Pixel Watch 3.




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Meta cuts EU ad-free subscription price by 40% for Facebook and Instagram

Meta slashes EU ad-free subscription prices for Facebook and Instagram by 40 percent and adds a less personalized ad-tier option.




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Amid rising prices, Nigerians seek bargains at thrift stores

With prices rising, Nigerians are becoming creative. Thrift shopping is booming, offering affordable options. Gibson Emeka from Abuja looks at how this market is becoming a lifeline for many in Nigeria.




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The Price of Paramount Power

The Price of Paramount Power The Price of Paramount Power
venkatp Thu, 02/10/2022 - 12:26

East-West Wire

Tagline
News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

Explore

East-West Wire

Tagline
News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

Explore




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Oil Prices Change the Face of Geopolitics

The plunge in oil prices has had a significant effect on Russia, Iran and Venezuela, and is changing those countries' geopolitical calculus.




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Rice Shortages, High Prices Hit Most Vulnerable

Francis Ndege isn’t sure if his customers in Africa’s largest slum can afford to keep buying rice from him. Prices for rice grown in Kenya soared a while ago because of higher fertilizer prices and a yearslong drought in the Horn of Africa that has reduced production. Cheap rice imported from India had filled the gap, feeding many of the hundreds of thousands of residents in Nairobi's Kibera slum who survive on less than $2 a day. But that is changing. The price of a 25-kilogram (55-pound) bag of rice has risen by a fifth since June. Wholesalers are yet to receive new stocks since India, the world's largest exporter of rice by far, said last month that it would ban some rice shipments. It's an effort by the world’s most populous nation to control domestic prices ahead of a key election year — but it’s left a yawning gap of around 9.5 million metric tons (10.4 tons) of rice that people around the world need, roughly a fifth of global exports. “I’m really hoping the imports keep coming,” said Ndege, 51, who's sold rice for 30 years. He isn’t the only one. Global food security is already under threat since Russia halted an agreement allowing Ukraine to export wheat and the El Nino weather phenomenon hampers rice production. Now, rice prices are soaring — Vietnam’s rice export prices, for instance, have reached a 15-year high — putting the most vulnerable people in some of the poorest nations at risk. The world is at an “inflection point," said Beau Damen, a natural resources officer with the U.N. Food and Agriculture Organization based in Bangkok. Even before India’s restrictions, countries already were frantically buying rice in anticipation of scarcity later when the El Nino hit, creating a supply crunch and spiking prices. What could make the situation worse is if India’s ban on non-basmati rice creates a domino effect, with other countries following suit. Already, the United Arab Emirates has suspended rice exports to maintain its domestic stocks. Another threat is if extreme weather damages rice crops in other countries. An El Nino is a natural, temporary and occasional warming of part of the Pacific Ocean that shifts global weather patterns, and climate change is making them stronger. Scientists expect the one underway to expand to supersized levels, and, in the past, they have resulted in extreme weather ranging from drought to flooding. The impact would be felt worldwide. Rice consumption in Africa has been growing steadily, and most countries are heavily dependent on imports. While nations with growing populations like Senegal have been trying to grow more of their own rice — many are struggling. Amadou Khan, a 52-year-old unemployed father of five in Dakar, says his children eat rice with every meal except breakfast, which they often have to skip when he's out of work. “I am just getting by — sometimes, I’ve trouble taking care of my kids,” he said. Imported rice — 70% of which comes from India — has become prohibitively expensive in Senegal, so he's eating homegrown rice that costs two-thirds as much. Senegal will turn to other trading partners like Thailand or Cambodia for imports, though the West African country is not “far from being self-sufficient" on rice, with over half of its demand grown locally, Agriculture Ministry spokesperson Mamadou Aïcha Ndiaye said. Asian countries, where 90% of the world’s rice is grown and eaten, are struggling with production. The Philippines was carefully managing water in anticipation of less rain amid the El Nino when Typhoon Doksuri battered its northern rice-producing region, damaging $32 million worth of rice crops — an estimated 22% of its annual production. The archipelago nation is the second-largest importer of rice after China, and President Ferdinand Marcos Jr. has underscored the need to ensure adequate buffers. India’s rice restrictions also were motivated by erratic weather: An uneven monsoon along with a looming El Nino meant that the partial ban was needed to stop food prices from rising, Indian food policy expert Devinder Sharma said. The restrictions will take offline nearly half the country's usual rice exports this year, said Ashok Gulati of the Indian Council for Research on International Economic Relation. Repeated restrictions make India an unreliable exporter, he added. “That’s not good for the export business because it takes years to develop these markets,” Gulati said. Vietnam, another major rice exporter, is hoping to capitalize. With rice export prices at a 15-year high and expectations that annual production to be marginally higher than last year, the Southeast Asian nation is trying to keep domestic prices stable while boosting exports. The Agriculture Ministry says it's working to increase how much land in the Mekong Delta is dedicated to growing rice by around 500 square kilometers — an area larger than 90,000 football fields. Already the Philippines is in talks with Vietnam to try to get the grain at lower prices, while Vietnam also looks to target the United Kingdom, which receives much of its rice from India. But exporters like Charoen Laothamatas in neighboring Thailand are wary. The Thai government expects to ship more rice than it did last year, with its exports in the first six months of the year 15% higher than the same period of 2022. But the lack of clarity about what India will do next and concerns about the El Nino means Thai exporters are reluctant to take orders, mill operators are unwilling to sell and farmers have increased the prices of unmilled rice, said Laothamatas, president of the Thai Rice Exporters Association. With prices fluctuating, exporters don't know what prices to quote — because prices may spike again the next day. “And no one wants to take the risk,” Laothamatas said.




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The price of gold keeps climbing to unprecedented heights. Here's why

NEW YORK — The rush for gold just keeps coming. Gold hit another all-time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world. If trends continue, analysts have bullish outlooks on the price of gold for the months ahead. But the future is never promised. Here's what you need to know. Where does the price of gold stand today? The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent to 31 grams — the highest recorded to date, per FactSet. That would make a gold bar or brick weighing 400 Troy ounces worth more than $1.06 million today. This week's record high means that the price of gold has climbed hundreds of dollars per Troy ounce over the last year. Tuesday's price is up nearly $145 from a month ago and more than $740 from this time in 2023. The price of gold is up nearly 30% year to date, analysts note — outpacing the benchmark S&P 500's roughly 20% gain since the start of 2024. Why is the price of gold going up? There are a few factors behind the recent gains. Interest in buying gold often comes at times of uncertainty — with potential concerns around inflation and the strength of the U.S. dollar, for example, causing some to look for alternative places to park their money. Gold also surged in the early days of the COVID-19 pandemic. Among sources of uncertainty today are geopolitical tensions — which escalated over recent days with Israel's deadly strikes in Lebanon. And the ongoing wars in Gaza and Ukraine have continued to fuel fears about the future worldwide. In markets like the U.S., there's also particular concern about the health of the job market. Last week's larger-than-usual half-point cut by the Federal Reserve signals a new focus on slowing employment numbers, and more rate cuts are expected before the end of the year. And such action arrives in the midst of a tumultuous election year — which could prove crucial to economic policy in the road ahead, too. In the near future, people are considering "any case of turbulence in the economy," FxPro senior market analyst Michel Saliby explained. "This is why they're keeping a decent portion of gold in their portfolio as a 'safe haven.'" Analysts also point to strong demand from central banks around the world. Joe Cavatoni, senior market strategist at the World Gold Council, noted last month that central bank demand was well-above the five year average — reflecting "heightened concern with inflation and economic stability." Recent stimulus measures in China aimed at boosting consumer spending are also expected to up retail investments, Saliby added, further boosting gold's performance. Is gold worth the investment? Advocates of investing in gold call it a "safe haven," arguing the commodity can serve to diversify and balance your investment portfolio, as well as mitigate possible risks down the road. Some also take comfort in buying something tangible that has the potential to increase in value over time. Experts caution against putting all your eggs in one basket. Both retail and institutional investors shouldn't be influenced by the "FOMO effect," or fear of missing out, Saliby notes — explaining that people should not risk all their money just because they are seeing others rake in gains. He advises investors to watch the market and always have a clear risk management strategy for their position. If geopolitical tensions cool, Saliby expects the price of gold to correct slightly, perhaps falling around $50 to $80. But he remains bullish overall for the near future — expecting gold's spot price to soon surpass the $2,700 mark previously predicted for 2025, and perhaps reach as high as $2,800 or $2,900 if trends continue. Still, future gains are never promised and not everyone agrees gold is a good investment. Critics say gold isn't always the inflation hedge many say it is — and that there are more efficient ways to protect against potential loss of capital, such as through derivative-based investments. The Commodity Futures Trade Commission has also previously warned people to be wary of investing in gold. Precious metals can be highly volatile, the commission said, and prices rise as demand goes up — meaning "when economic anxiety or instability is high, the people who typically profit from precious metals are the sellers." If you do choose to invest in gold, the commission adds, it's important to educate yourself on safe trading practices and be cautious of potential scams and counterfeits on the market.




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Malawi: Tithawire Kuti? Malawians Struggling to Make Ends Meet Amid Soaring Cooking Oil Prices

[Nyasa Times] Malawians across the country are feeling the weight of soaring cooking oil prices, with many struggling to make ends meet as the cost of living continues to rise. Over the past month, the price of cooking oil has surged by an average of 12%, forcing consumers to dig deeper into their pockets to purchase essential household items.




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Falling Price of Solar Affects India-U.S. Nuclear Deal

Solar power is now priced competitively with traditional forms of energy, which makes new nuclear power plants financially unviable.




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Minimum retail price at import stage to make ‘cuppa’ costlier

KARACHI: The Federal Board of Revenue’s (FBR) decision to fix the minimum retail price (MRP) of tea at Rs1,200 per kg for levying sales tax would make the commodity more expensive, warned traders on Tuesday.

Pakistan Tea Association (PTA) Chairman Mohammad Altaf said the MRP at the import stage would have an adverse impact of Rs150-300 per kg on imported tea prices.

The flat MRP also ignores global tea prices hovering between 0.50 cents to over $3 per kg. Tea is imported in different packaging, with bulk shipments typically weighing more than 5kgs and around/approximately 80kgs. An 18 per cent general sales tax is already charged based on the imported tea.

He said before fixing the MRP for sales tax purposes, it is crucial to consider that the definition of “manufacturer” in Section 2(16) of the Sales Tax Act 1990, includes activities such as blending, mixing, processing, and packaging, as clarified in Circular No. 3(11) ST-L&P/2013-94433-R dated July 17, 2019. Based on this, tea imported for these processes qualifies as “raw material”.

Tea sellers warn FBR move will incentivise arrival of low-quality product via illegal channels

“According to judicial interpretations (e.g., CTO v. Rajasthan Taxchem Ltd., 2007) and definitions in Advanced Law Lexicon, “raw material” includes ingredients necessary for manufacturing. Tea used in blending and packaging clearly falls under this category, he added.

Accordingly, sales tax should be based on the import value, as per Subsection 46(f) of Section 2 of the Sales Tax Act, 1990, rather than the minimum retail price, Altaf said.

Tea retail prices vary significantly due to numerous factors, including the company, method of sale (open or packaged), product quality, and regional differences. The PTA chief said that the flat MRP rate per kg also does not reflect the prices charged by most traders, manufacturers, and sellers.

The imposition of a flat rate per kg would have severe negative consequences for a large portion of the tea trade, which may result in reduced business activity and ultimately lead to a loss of revenue for the national exchequer via misusing several exemptions.

Two-thirds of Pakista­nis purchase tea at Rs700-950 per kg, reflecting socio-economic and regional price variations.

He said that MRP cannot be applied at the import stage as the tea has to follow various value-addition procedures before it is made shelf-ready. “This MRP disrupts the supply chain and eradicates the role of wholesalers and distributors who play a vital role in the business, while MRP at the import stage also eradicates the basic right of commercial imports,” the PTA chief observed.

Tea is a part of our daily diet, a staple food item, not a drink.

Most people in rural and urban areas consume tea as per their earnings. Further fixing of MRP will incentivise unscrupulous elements to exploit the situation, and thus, import of low-priced teas will find its way through illegal channels, Altaf feared.

Published in Dawn, November 13th, 2024




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External Shocks and Labor Market Reforms in Autocracies and Democracies: Evidence from Oil Price Windfalls

This paper explores how oil price windfalls impact labor market regulation across 83 countries from 1970 to 2014.




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What is the price of genius, asks biography of Roger Penrose

The Impossible Man by Patchen Barss salutes Roger Penrose's groundbreaking work in physics and mathematics while challenging the idea that a genius should be exempt from ordinary obligations




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What is the price of genius, asks biography of Roger Penrose

The Impossible Man by Patchen Barss salutes Roger Penrose's groundbreaking work in physics and mathematics while challenging the idea that a genius should be exempt from ordinary obligations




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EpiPen Price Hikes: What to Know

Title: EpiPen Price Hikes: What to Know
Category: Health News
Created: 8/23/2016 12:00:00 AM
Last Editorial Review: 8/23/2016 12:00:00 AM




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Patent Monopolies Driving High U.S. Drug Prices: Study

Title: Patent Monopolies Driving High U.S. Drug Prices: Study
Category: Health News
Created: 8/23/2016 12:00:00 AM
Last Editorial Review: 8/24/2016 12:00:00 AM




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California Will Produce Its Own Insulin to Bring Down Prices

Title: California Will Produce Its Own Insulin to Bring Down Prices
Category: Health News
Created: 7/8/2022 12:00:00 AM
Last Editorial Review: 7/8/2022 12:00:00 AM




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Health Care Plans Keep Allergy Rescue Injectors Pricey for Some

Title: Health Care Plans Keep Allergy Rescue Injectors Pricey for Some
Category: Health News
Created: 7/15/2022 12:00:00 AM
Last Editorial Review: 7/15/2022 12:00:00 AM




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Food price inflation rises again as Britons rush to supermarkets in Christmas countdown



October marked the "biggest" sales month for supermarkets in the UK so far despite food price hikes.




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300 percent price hikes push disgruntled VMware customers toward Broadcom rivals

Ars speaks with users and partners unhappy with Broadcom's changes.






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Meta cuts the price of its ad-free plan by 40 percent in a bid to sate EU regulators

Meta has long been at loggerheads with European Union officials over its approach to targeted Facebook and Instagram ads. The company is hoping to placate regulators with some changes to its ad model in the bloc, which includes lowering the price of its ad-free subscription. Starting November 13, the plan will cost 40 percent less — €6 ($6.36) per month for signups via the web and €8 ($8.48) for those who subscribe on an iOS or Android device. The fee for each additional Facebook and Instagram account is €4 per month on the web and €5 via mobile.

The company will automatically drop current subscribers down to the lower pricing. It says that it will once again ask users in the bloc if they'd like to sign up.

When they see this prompt (which can only be ignored for a certain period of time), there will be a third option for EU Facebook and Instagram users to choose from. Those who don't want to pay for a subscription can instead opt to only view ads that are based on what they see in a given session in the apps. Meta will also factor in a few key data markers such as "a person’s age, location, gender and how a person engages with ads."

These less-personalized ads naturally won't be as tailored to a given user's interests, the company notes. As such, people are perhaps less likely to click on such ads. To make up for that (and make sure this option doesn't hit Meta in the pocket too hard), folks who choose the less-personalized ads option will sometimes encounter unskippable ads. According to The Wall Street Journal, these will be displayed full screen.

"Such ad breaks are common across other services, and are already offered by many of our competitors," Meta argues. "This change will help us continue to provide value to advertisers which ensures we can offer people a less personalized ads experience at no charge."

Targeted ads are Meta's biggest revenue driver, but EU officials have reportedly been pressuring the company to offer a free, less-personalized option in its apps. Meta has argued that would negatively impact its bottom line. Although it has seemingly caved to officials' requests, the unskippable ad aspect may be construed as malicious compliance, as it worsens the user experience.

Meta claims that these changes to its ad model "meet EU regulator demands and go beyond what’s required" by the bloc's laws. The company introduced its ad-free subscription a year ago to comply with laws such as the Digital Markets Act (DMA), as well as stricter interpretations of the General Data Protection Regulation. It was previously ordered to seek permission from users in the bloc before showing them personalized ads.

The EU didn't take too kindly to the paid ad-free approach, however. An investigation into the "consent or pay" model is ongoing. In July, the EU said that in its preliminary findings, Meta was violating the DMA with this plan.

These latest changes are said to be Meta's attempt to settle the case, but according to the Journal, the EU's discussions with the company haven't concluded. The bloc's regulatory body has until late March to finish its investigation and make a final decision. If it determines that Meta has indeed violated the DMA, the company could be on the hook for a fine of up to 10 percent of its annual global revenue. Based on its total revenue for 2023, it could have to pay up as much as $13 billion or so.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/meta-cuts-the-price-of-its-ad-free-plan-by-40-percent-in-a-bid-to-sate-eu-regulators-174926790.html?src=rss




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Temple de la renommée: au tour de Carey Price?

Carey Price aura vraisemblablement la faveur du comité qui est appelé à décider qui sera intronisé chaque année.




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Annual rental prices fell for the 1st time in over three years, but only in big cities

Canadian rental prices fell 1.2 per cent in October compared to the same time last year. It's the first time that annual rents have declined since July 2021, according to a new report.




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Baby milk price promotion ban should end, watchdog suggests

Many parents opt for more expensive baby milk, equating higher costs with better quality, the watchdog found.