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Microsoft sidesteps hefty EU fine with Teams unbundling deal

The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty Images The European Union on Friday said it has accepted commitments from Microsoft to unbundle its Teams workplace communication platform from its popular productivity apps. The decision essentially exempts Microsoft from receiving … Read more

Trump plans a hefty tax on imported drugs, risking higher prices and shortages

WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum. But he isn’t done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war. For decades, in fact, imported … Read more

Etsy, eBay, and Shein reel as ‘de minimis’ tariff exemption ends, adding hefty charges

The end of the U.S. de minimis tariff exemption marks a major shift for both consumers and retailers, particularly those involved in cross-border e-commerce. Consumers who have grown accustomed to buying goods under $800 from major international platforms like Shein, Temu, and overseas sellers on Amazon, Etsy, or eBay will now face unexpected import charges—sometimes … Read more

India’s GoKwik raised a small $13M round for a hefty leap in valuation

GoKwik, an Indian startup that offers a suite of integrated e-commerce products, has raised a small round of $13 million, which it calls a “growth” round, that has boosted its valuation to $450 million pre-money. While the new funding round, led by RTP Global, is 63% smaller than its Series B of $35 million, announced … Read more

Travis Kelce Says Filming Happy Gilmore 2 Was a ‘Hefty Load’ of Work

Matthew Stockman/Getty Images Travis Kelce is sharing an update on his movie debut in Happy Gilmore 2. The Kansas City Chiefs tight end, 35, said on the Monday, January 13, episode of ESPN’s The Pat McAfee Show that he has a “few scenes” in the upcoming Adam Sandler comedy and that filming was a “hefty … Read more

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