Underground

The U.S. government has officially filed a lawsuit against Visa, accusing the financial giant of illegal actions to stifle competition and maintain its monopoly in the debit card market. This lawsuit is part of a series of tough measures by the Biden administration, which is known for its aggressive approach to monopoly concerns, also known […]

The US government is planning to ban certain hardware and software made in China and Russia from cars, trucks, and buses in the US due to security risks. Officials said they were concerned that this technology, used in autonomous driving systems and for connecting vehicles to other networks, could allow adversaries to “remotely manipulate vehicles

Julian Dunkerton, founder and CEO of fashion chain Superdry, has accused rival Shein of exploiting tax loopholes to gain an unfair advantage. In an interview with the BBC, Dunkerton stated that the fast fashion giant benefits from not having to pay import duties on low-value parcels sent directly to customers from overseas. Shein declined to

Half a billion fans, a multi-million dollar personal fortune, and a global business empire. It would take something major to dethrone Jimmy Donaldson, better known as MrBeast, YouTube’s most influential star. However, a 54-page court document might be his toughest challenge to date. Five female contestants on the upcoming Prime Video show Beast Games have

Australia’s consumer watchdog, the Australian Competition and Consumer Commission (ACCC), has filed a lawsuit against the country’s two largest supermarket chains, Coles and Woolworths, accusing them of falsely claiming permanent price drops on hundreds of items. According to the ACCC, both supermarkets violated consumer law by temporarily raising product prices before lowering them to a

Ted Colbert, head of Boeing’s defense unit, has officially left the company effective immediately, as confirmed by CEO Kelly Ortberg, marking the first major leadership change since Ortberg took over as CEO in early August. In a memo sent to all employees on Friday, Ortberg emphasized the importance of restoring customer trust and meeting the

The Federal Trade Commission (FTC) on Friday filed a lawsuit against three major U.S. health companies that negotiate insulin prices, accusing these drug middlemen of using tactics that boost their profits while “artificially” inflating costs for patients. The lawsuit targets the three largest pharmacy benefit managers (PBMs) in the U.S.: UnitedHealth Group’s Optum Rx, CVS

The Walt Disney Company has decided to stop using Slack for internal communication following a major hack that leaked more than a terabyte of sensitive data to the public. This decision comes just months after the cyberattack shocked the media, revealing a wide range of financial information, computer codes, and details about unreleased Disney projects.