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German Conservatives and EU President Push to Cut Red Tape for Businesses

Key Points: German conservative leaders handed the EU Commission a list of 27 specific demands to reduce business regulations. EU Commission President Ursula von der Leyen agreed with German Chancellor Friedrich Merz on the need to cut red tape. Germany wants to relax artificial intelligence rules to help massive industrial companies like Siemens increase production. A group of 10 European countries strongly opposes the German...

Salesforce and Slack Sue Microsoft in London Over Teams Bundling

Key Points: Salesforce and Slack filed a lawsuit against Microsoft in London on April 23. The legal team accuses Microsoft of unfairly tying its Teams app to other software. Slack previously filed a similar antitrust complaint with the European Commission in 2020. A UK tribunal also approved a separate mass lawsuit against Microsoft for overcharging businesses. Salesforce and its workplace messaging company Slack are taking...

Oil Prices Surge Amid Middle East Tensions as Wall Street Awaits Big Tech Earnings

Key Points: U.S. crude prices climbed 2.85% to $97.05 a barrel due to restricted shipping in the Middle East. Major U.S. stock indexes dipped slightly as investors prepared for earnings reports from massive technology companies. The U.S. Federal Reserve and other major central banks plan to hold interest rates steady this week. Treasury yields rose across the board, while gold prices fell nearly 1% amid...