The UK can make social media a safer place.
New Internet Security Bill The UK Parliament has discussed the UK Internet Safety Act, one of the most significant new measures to provide checks and balances in the social media…
Iron ore rises to a four-month high.
Chinese policy optimism supports the metal market. On hearing that the Chinese government may further relax its policies, iron ore increased to its highest level in four months. Singapore futures…
Meta VR headsets are returning to Germany.
Facebook removed the requirement for users to have an account. Meta Platforms Inc.’s virtual reality headsets are now available in Germany for the first time in more than two years…
Tesla offers Chinese buyers more subsidies.
Subsidies reach $860 per purchase. In its most recent effort to boost sales in the world’s largest market for electric vehicles, Tesla Inc. is providing additional incentives to Chinese customers…
Foxconn reports a significant drop in iPhone sales.
Sales drop after the Zhengzhou plant closes. After some shipments were impacted by the COVID outbreak in Zhengzhou, where the company runs the largest iPhone assembly facility in the world,…
Gold climbs to a five-month high.
The US dollar fell to its lowest level since June. The dollar fell, traders rallied, and gold reached its highest level since June. China’s relaxation of some COVID-Zero restrictions helped.…
Meta was fined $277 million.
A penalty by the Irish Supervisory Authority for breach of confidentiality Meta Platforms Inc. was fined 265 million euros ($277 million) for failing to stop the leak of the personal…
Amazon is closing some of its operations in India.
The online retailer will discontinue its food and delivery services. Amazon.com Inc. is scaling back some of its activities in India, demonstrating that the cost-cutting drive is having an impact…
Ford invests £150 million in electric vehicles.
The company invests in increasing the production of spare parts. Ford Motor Co. has invested about £150 million ($181 million) to grow its electric car component business in England, marking…
130,000 victims of ad dominance have sued Google.
The UK accuses the company of anti-competitive behavior. Google parent Alphabet Inc. filed a class-action lawsuit against 130,000 businesses in a UK court, alleging antitrust violations. According to the lawsuit,…