tech giants

Tech Giants are boosting China's stocks while other Asian markets experience declines. The performance contrast highlights differing trends between China and the rest of Asia.

France is exploring new European taxes to fund the EU's 2,000-billion-euro long-term budget, as Paris seeks to avoid increased direct contributions to Bruxelles amid political pressure from the National Rally. The French government supports EU-level taxes on tech giants and polluters, opposing a reduction in the EU budget that subsidizes France's agricultural sector, while EU Commission proposals for new revenue sources face resistance from member states.

Australia's government has announced legislation to double fines to $99m for platforms violating a social media ban, but experts warn penalties alone will be ineffective without stronger enforcement against tech giants. The eSafety commissioner will gain enhanced information-gathering powers to address the issue.

Donald Trump threatens the UK with a new trade war, warning he could impose 100 per cent tariffs in response to potential new taxes on tech giants. The threat highlights concerns over retaliatory trade measures if such taxes are implemented.

Donald Trump threatened the UK with a new trade war, warning he could impose 100 per cent tariffs in response to potential new taxes on tech giants.

Oracle has laid off 21,000 employees over the past year due to the adoption of AI technologies. The company stated that AI deployment may lead to further workforce reductions. The layoffs are part of a broader trend among tech giants implementing AI-driven workforce changes.

An increasing number of countries are considering or enacting social media bans for young users. Experts suggest these restrictions, aimed at improving online safety, are becoming more common and could mark a significant challenge for major technology companies.

Mathias Cormann, the OECD chief, urges governments to avoid a fragmented approach to digital taxation as more countries consider duties on tech giants.

US President Donald Trump reached a compromise on AI regulation to satisfy tech giants and the MAGA base. The agreement was discussed at the 'Winning the AI Race' summit in Washington on July 23, 2025.

Glean's annual revenue tripled, surpassing $300M, with AI budget-cutting as its primary selling point. The enterprise AI search startup achieved this growth despite increased competition from tech giants entering the category.

A power crisis in California affecting 49,000 households highlights concerns about tech giants monopolizing local electricity to prioritize their AI data centers over community needs.

Europe is actively pursuing digital sovereignty to reduce its reliance on American technology companies. The article discusses the challenges Europe faces in building independent tech capabilities and competing with dominant US tech giants.

Australia banned young teenagers from social media on December 10, 2025, with Prime Minister Anthony Albanese announcing a crackdown to 'take back control' from tech giants. The move marks the start of Australia's social media reform.

The U.S. Supreme Court is divided over the use of 'geofence' search warrants, which allow police to identify criminal suspects by conducting broad searches of tech companies' location data. The court is set to rule on whether such dragnet searches violate privacy rights.