WION Business Wrap | EU fines Apple €500 million, Lufthansa’s ground staff strike and more
Planes of German air carrier Lufthansa
WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
EU set to fine Apple €500 million in music streaming penalty: Report
Brussels is gearing up to administer its first-ever fine against Apple, reportedly amounting to approximately €500 million (approximately $539 million), marking a significant milestone in the European Commission's efforts to regulate big tech, the Financial Times (FT) reported on Sunday.
Lufthansa ground staff set to strike amid wage dispute: Report
Ground staff at Lufthansa, are ready to start a strike on Tuesday, as stated by the Verdi union on Sunday, adding to numerous industrial actions unsettling Germany's transport sector.
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Xi Jinping's new AI bloc: China launches 'World AI Body' with Pakistan and Russia in, India out
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Why the S-400 uses solid rocket fuel instead of liquid fuel
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CORTIS' first-ever concert sparks backlash over repeated songs and short setlist
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Explained: Why Rodri won the FIFA World Cup Golden Ball over Lionel Messi
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Japan is selling a refrigerator to cool the human body for Rs 9 lakh. It is already a hit in Tokyo
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Revealed! The hidden ritual Marc Cucurella performed before Spain won the FIFA World Cup
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Mumbai court gives life sentences to 44 Somali pirates despite mercy plea
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US-Iran conflicts: Houthis announce maritime blockade on Saudi Arabia, Iran attacks MQ-9 drone hangar | Gravitas
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‘Iran can survive sanctions, but can’t truly live’: Dy FM warns of economic cost of war
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Sonam Wangchuk's connection with George Soros and Ford Foundation explained!
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‘Netanyahu will not be arrested in any way, shape, or form in US’: Trump’s counter to Mamdani
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FACT CHECK: Was Abhijit Dipke detained during CJP's Parliament march? Here's what police say
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'There is no need for...': PM Modi takes a veiled dig at Rahul Gandhi, sends big message amid Parliament March
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UP BTech gold medalist dies by suicide after failing in nearly 50 govt job attempts, leaves note for father
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'Could be bombed at any moment': What Iran's Araghchi told Trump envoy Witkoff during negotiations
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Jail over Khamenei post: J&K youth returns home after 3 months in Saudi custody
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Salman Khan breaks silence on health concerns after viral Mumbai appearance
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'George Soros playbook': Understanding the foreign funding network around Sonam Wangchuk
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Indus treaty can no longer function in its current form, says India; plans 5,500 mw of new J&K hydro projects
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2026 FIFA World Cup awards: Full list of Golden Boot, Golden Ball, Golden Glove and every major winner
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US-Iran war: Report suggests US lost 42 aircraft, including fighter jets, reaper drones
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JD and Usha Vance welcome fourth child: Who serves as acting US vice president during Vance's paternity leave?
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Spain World Cup victory parade in Madrid: Champions celebrate second FIFA World Cup title with over million fans
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Heavy sanctions loom over Argentine players after ugly brawl following final whistle in World Cup final
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As Russia pounds Ukraine, Kyiv grapples with a growing manpower shortage in the military | Gravitas
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Truck loaded with stones, metro stations closed: What's happening at Jantar Mantar now
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Why US fighter jets use seamless bubble canopies compared to Russian jets
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Why the F-22’s cockpit glass is thicker than a standard fighter jet
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Student union leaders call off hunger strike at Jantar Mantar after civil society appeal, but protest continues
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Tulsi Gabbard's brother Batarti accused of luring children to hotel room in Hawaii
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Argentina's racism problem: How football chants reflect a deeper historical legacy
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US strikes Iran, sirens heard in Kuwait, one American soldier killed in Iraq: What's happening in West Asia
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'What is wrong...': Anna Hazare breaks silence on Sonam Wangchuk's protest, makes an appeal to Centre
France cuts down on expected 2024 growth amid global uncertainties
In reaction to rising uncertainties on a worldwide scale due to conflicts in Ukraine and Gaza, coupled with economic slowdowns in crucial trading partners like Germany and China, France has reduced its 2024 GDP growth forecast to 1 per cent, lower than the initially anticipated 1.4 per cent.
UAE achieves record non-oil trade of $953 billion in 2023
The United Arab Emirates (UAE) has reported a record-high non-oil trade volume of $952.93 billion in 2023, which marked a 12.6 per cent increase from the previous year.
Argentina's poverty reaches 20-year peak during economic crisis, UCA study says
A recent study conducted by the Catholic University of Argentina (UCA) has revealed alarming statistics, indicating that poverty levels in Argentina have surged to 57.4 per cent, marking the highest recorded figure in at least two decades.
Major fire at French recycling plant engulfs 900 tonnes of lithium batteries
A fire erupted at a battery recycling facility in southern France on Sunday, engulfing approximately 900 tonnes of lithium batteries and releasing thick black smoke into the sky.
China's C919 airliner makes historic international debut at Singapore Airshow
China's aviation industry marked a significant milestone as its domestically developed C919 airliner, designed to rival Airbus and Boeing's passenger jets, made its maiden international appearance at the Singapore Airshow.
Nintendo stocks plummet as reports suggest delayed launch of switch successor
Nintendo shares plummeted by 6 per cent on Monday following reports from gaming media outlets and Bloomberg indicating a potential delay in the release of its next-generation console.
China's Lunar New Year tourism revenues surge, but sustainability concerns linger
Tourism revenues in China surged significantly during the Lunar New Year holidays, marking a remarkable rebound from previous years, according to official data released on Sunday.
China’s Central Bank maintains policy stability while economic uncertainties persist
China's central bank, the People's Bank of China (PBOC), has opted to maintain stability in its monetary policy by leaving a key policy rate unchanged on Sunday.
Seven Group Holdings makes a $1.24 billion bid for full control of Boral
Australian conglomerate Seven Group Holdings has made a substantial bid of $1.24 billion to acquire full control of Boral, a leading building products group, signalling a confident wager on the sustained growth of Australia's infrastructure sector.