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US govt, 48 states sue Facebook for abusing power to crush smaller rivals
International

US govt, 48 states sue Facebook for abusing power to crush smaller rivals

By Administrator_India Capital Sands The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Commission (FTC) and 48 state attorney generals on Wednesday sued the company, Facebook’s shares dropped significantly at …

International

India in talks with 13 nations for air bubble arrangement

By Administrator_India Capital Sands India is negotiating with 13 countries, including Australia, Japan and Singapore, to establish separate bilateral air bubble arrangements for international flight operations, Civil Aviation Minister Hardeep Singh Puri said on Tuesday. Under a bilateral air bubble pact, airlines of both the countries can operate international flights with certain restrictions. Since July, India has …