Tuesday , 16 December 2025

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Apple faces French complaint over IPhone advertising tool

Bloomberg Apple Inc.’s advertising tool used to monetise some of its own apps and services is the target of a new complaint in France. France Digitale, a lobby group representing startups and venture capital firms, filed the complaint, saying that Apple’s own advertising system doesn’t seek a user’s consent for receiving targeted ads. The complaint focuses on an Apple feature …

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Microsoft warns of new threat against networks

Bloomberg Microsoft Corp. has detected and blocked a “new family of ransomware” that was being used against servers that still hadn’t patched vulnerabilities after last week’s major security breach. The updates are a temporary measure to defend against attacks, which were already occurring in many places, the company said. The company discovered suspected Chinese state-sponsored hackers were exploiting previously unknown …

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Instagram to integrate reels into Facebook

Bloomberg Instagram will give a small number of creators in India the option to share their short video clips on Facebook Inc.’s main social network as part of a new test. Facebook is running a trial in India in which users can share Instagram Reels, short video clips with augmented-reality effects, in the news feed of the main blue app. …

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Ola plans to make electric cars every two seconds

Bloomberg Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile Ola founder hopes to erect the world’s largest electric scooter plant on this vacant plot on Bangalore’s outskirts within the next 12 weeks, cranking out about 2 million a year — a landmark for one of India’s largest startups. A two-and-a-half …

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American Airlines borrowing $7.5bn in loyalty-backed debt

Bloomberg American Airlines group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalising on low borrowing costs to repay US government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility …

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Amazon spends $131m for stake in cargo airline ATSG

Bloomberg Amazon.com Inc. scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its air-freight operations. Amazon spent $131 million to acquire about 13.5 million shares of Air Transport Services Group Inc., the air cargo operator said in a securities filing, exercising …

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Walmart’s South Africa retailer scaling back to fuel recovery

Bloomberg Massmart Holdings Ltd. is selling three more units as the Walmart Inc.-owned South African retailer steps up efforts to turn around the company. Barclays Plc has been appointed to dispose of food-seller Cambridge, cash-and-carry chain Rhino and Massfresh, which is made up of The Fruitspot and a meat-processing facility, Massmart said in a statement. It has not yet had …

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Lego unveils record sales

Bloomberg Lego booked record sales and profit last year, as consumers of all ages turned to its iconic toy bricks during the pandemic. Net income rise 19% to 9.9 billion kroner, the company, which is based in western Denmark, said on Wednesday. Sales gained 13% to 43.7 billion kroner, the most Lego has ever brought in during a single year. …

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Airlines, travel groups urge US to develop virus passport

Bloomberg US airlines, joined by travel groups and labour, urged the Biden administration to take the lead in developing standards for temporary Covid-19 health credentials that would help reopen global travel by documenting vaccinations and test results. The US “must be a leader” in efforts already underway in other regions to implement such travel passports, groups including Airlines for America …

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Gap weighs sale of China business

Bloomberg Gap Inc. is weighing options including a potential sale for its China business, according to people with knowledge of the matter, as the US clothing retailer looks to revamp the operation in the world’s second-largest economy. The company is working with Morgan Stanley to study options and has reached out to prospective suitors to gauge interest for the business, …

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