Tag Archive : probe

/ probe

  • China is planning to launch an antitrust investigation into Google, according to a report.
  • Huawei suggested the probe last year, two people with knowledge of the matter told Reuters.
  • The investigation would examine whether Google’s market dominance is causing “extreme damage” to Chinese companies, they said.
  • Visit Business Insider’s homepage for more stories.

China is reportedly preparing to launch an antitrust investigation into Google — at Huawei’s request.

The probe, which could be confirmed as soon as October, was suggested by the Chinese tech company in 2019, two people with knowledge of the matter told Reuters.

The probe would examine whether Google has hindered competition through the dominance of its Android mobile system, the people said. It has been submitted to Beijing for review by China’s top market regulator, the sources said.

After US President Donald Trump blacklisted Huawei in May 2019, Google stopped rolling out Android updates to Huawei

Read More

What seemed like a simple matter of crossing “t”s and dotting “i”s has turned into a protracted challenge for General Motors and Nikola, after negotiations to pair up and produce new zero-emissions trucks have been extended.

The $2 billion deal, announced on Sept. 9, was billed as a “partnership made in heaven,” according to Nikola founder and then-chairman Trevor Milton, during a media call with GM CEO Mary Barra. But the Phoenix-based startup has since been hammered by claims of fraud, with a Securities and Exchange Commission probe now underway. Allegations surfaced this week of sexual assault by Milton, who stepped down as chairman last week. Nikola’s stock has plunged to barely a quarter of what it was worth when the company went public last June.

Talks expected to wrap up today could now run through Dec. 3, at which time the proposed deal “may be terminated by either (Nikola)

Read More