An entrepreneurial group was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new online bank, the country's second in three years and the second to enter the highly consolidated banking market.   The new institution known as Esh Bank...

Ten gamers are suing Microsoft to prevent the company from merging with Activision Blizzard, the company that makes Call of Duty. The Xbox console maker's acquisition of its rival for $69 billion (£56 billion), according to the lawsuit filed in a US federal court, will "create a monopoly in the...

As it tries to persuade the U.S. government to permit it to continue being owned by Chinese technology company ByteDance, well-known short-video app TikTok is offering to run more of its business at arm's length and subject it to outside scrutiny, according to people familiar with the matter....

In choppy trading on Friday, shares of Tesla Inc. hit a new two-year low as top executive Elon Musk's pledge to hold onto his Tesla stock for at least two more years failed to assuage investors.   Since the end of last year, Musk has sold shares in the most valuable automaker in the world...

Huawei officially said  late Thursday that it will generate more patent income than it pays to other companies for their patents for the second consecutive year in 2022, as it seeks to offset the impact of U.S. export restrictions on hardware sales.   According to Steven Geiszler,...

According to a press release from the agency, international ratings agency Fitch Ratings intends to withdraw Microsoft Corp.'s ratings within 30 days for commercial reasons. "For commercial reasons, Fitch Ratings intends to withdraw Microsoft Corporation's ratings on or about January 23 (about 30...

Bankers in New York and London are bracing for year-end bonuses that are expected to be 30% to 50% lower, with some receiving none at all as dealmaking slows and economic gloom sets in.   According to recruiters and compensation experts, financiers will be disappointed when their...

The European Commission has approved Dufry's acquisition of Autogrill in Italy. The European Commission approved Swiss duty-free retailer Dufry's acquisition of Italian airport and highway catering company Autogrill. The merger will result in a travel industry behemoth. When Autogrill and Dufry...

The US Consumer Financial Protection Bureau levied its largest-ever civil penalty against Wells Fargo & Co on Tuesday as part of a $3.7 billion settlement to resolve allegations of widespread mismanagement of bank accounts, mortgages, and auto loans.   Over 16 million customer accounts...