FT News Briefing Nvidia-Arm antitrust probes, Australia takes on Google, discount retailers thrive
Feb 4, 2021
Antitrust investigations are looming over Nvidia's massive acquisition of Arm, stirring concern about market competition. Meanwhile, Australia is pushing back against Google's threat to exit, showcasing a fierce battle between tech giants and regulatory laws. In Italy, Mario Draghi steps in to navigate a politically unstable landscape. On a brighter note, discount retailers are thriving during the pandemic, adapting nimbly to shifting consumer habits and redefining the retail landscape. It's a lively discussion of competition, politics, and retail evolution!
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Antitrust Concerns Over NVIDIA's Acquisition of Arm
- UK and EU regulators will investigate NVIDIA's acquisition of Arm due to antitrust concerns.
- They worry NVIDIA might give itself an unfair advantage over competitors who also license Arm's technology.
Draghi's Unexpected Entry into Italian Politics
- Mario Draghi, former ECB president, was chosen to form Italy's next government amidst a national crisis.
- His experience handling the Eurozone crisis makes him a suitable candidate.
Australia vs Google
- Australia wants Google to pay for news, or it will pull its search engine from the country.
- Microsoft supports the law and wants to fill the void with Bing.