The U.S. Federal Trade Commission’s lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal experts said.
Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel demand.
The move was a type of police action that falls short of formal detention or arrest and does not mean Hui will be charged with a crime, according to a media report.
Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over the federal budget and a Senate crackdown on the use of crypto for money laundering.
Merchants who sell on Amazon.com want the online retailer to cut back on fees while some also worry the U.S. Federal Trade Commission’s lawsuit filed on Tuesday could hit its advertising business, harming their ability to reach potential shoppers.
Sustainable aviation fuel (SAF) is likely to stay more expensive than kerosene even when large-scale production kicks in and the cost won’t deter airlines from their carbon emission targets, International Air Transport Association (IATA) head Willie Walsh said.
Airbus , the biggest shareholder in French artificial heart maker Carmat , said on Wednesday it was aware of Carmat’s financial difficulties but did not say whether it would support a possible fundraising.
Ford Motor’s decision to hit the brakes on a planned $3.5 billion battery plant in Michigan highlights a challenge for Tesla’s growing crowd of rivals in the U.S. market: Tesla is pushing most of them into unprofitable, low-volume niches.
Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam’s retail giant Mobile World Investment , in a deal that could value the grocery chain at up to $1.7 billion, two sources said.
Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX, has been preparing for his Oct. 3 trial on fraud charges from behind bars since Aug. 11, when a U.S. judge jailed him for likely tampering with witnesses.
