Economy

News, in short

Canva acquires the Affinity suite from Serif in a hundred million-purchase, having their sights on Adobe’s userbase, attempting to win them over with Affinity beloved ’pay once, own forever’ combined with the simplicity of Canva, vowing to keep the two tools separate for different purposes

Acquisitions,Business,Economy
An EU that increasingly is unable to compete on the world market due to controlled self destruction by the weight of increasingly centralised control and lawmaking, takes to lawmaking to stop what they identifies as centralised “gatekeepers” in the digital market, in a Digital Markets Acts (DMA) that aims to prevent anti-competitive behaviour, in an effort to change how Big Tech operates, with companies like Apple allowing alternative app stores on iOS

Competition,Economy
Generative AI will transform the world, and in that the corporate finance climate, enabling companies that promotes a culture of innovation to succeed in a world increasingly run by machines and AI, emphasising that it’s not all about using AI for product development, but also the behind-the-scnenes processes, operating models, customer experiences, and business models that enable the company to create competitive advantages

AI,Business,Economy,Technology
The European Union’s Digital Markets Act (DMA) compliance deadline has arrived for tech giants like Alphabet, Apple, Meta, Amazon, Microsoft, and ByteDance, mandating fair competition and prompting responses such as Alphabet’s search result changes, Apple’s third-party app store support, Meta’s legal challenges, and ByteDance’s gatekeeper status appeal, while ongoing debates surround the impact of these changes on the tech industry

Competition,Economy
The Nordic countries stand for a very small part of the world population, while seeing an increasingly rapid growth in software exports market, key factors include a strong talent pool, supportive ecosystem, focus on niche markets and a culture of innovation and collaboration

Economy
Swedish government is studying how cash can be preserved in an exceedingly cashless society to ensure cash can be used for necessities such as food, fuel and medicines, and in case of a crisis, expected to present its proposals by the end of the year

Cash,Economy