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Disney suspends Venezuelan workers after protected status revoked
Entertainment giant Disney has placed at least 45 Venezuelan employees on unpaid leave, the company told AFP Thursday, following the US Supreme Court's decision to allow the revocation of a special legal status that shielded them from deportation.
California's electric car drive put on blocks by US Senate
US senators on Thursday blocked California's landmark mandate phasing out gas-powered cars, dealing a blow to the state's move towards electric vehicles in a pointed rebuke of Democratic climate change policies. "California got special permission from the Biden administration to ban gas-powered cars.
G7 finance chiefs push for consensus despite Trump tariffs
G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.
Xiaomi launches new advanced in-house mobile chip
Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop. Xiaomi has not confirmed which company is manufacturing the XRING O1, though Lei said it uses the same second generation 3nm-process technology as Apple's latest chips.
Ads pressured to evolve as AI changes Google search
As Google races to lead in artificial intelligence, it faces the challenge of making sure the technology doesn't slow its profit-pumping advertising engine. - AI ad tools too - Google announced it is making AI tools available to streamline the creation of online ads, mirroring similar initiatives by Facebook-owner Meta, Google's primary rival in online advertising.
EU ready to tax Russian fertilisers as early as July
EU lawmakers are set to greenlight tariffs on fertiliser imports from Russia on Thursday, despite European farmers' fears the move risks sending global prices soaring. Over a quarter of the 27-nation bloc's imports of nitrogen-based fertilisers come from Russia, with more entering from Moscow ally Belarus -- which the European Commission now seeks to bring to an end.
Asian equities track Wall St sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.
Trump says mulling privatizing Fannie Mae and Freddie Mac
President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.
Consumer groups want airlines to pay for baggage fees 'distress'
Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. They say that the fees and policies imposed by the airlines breach European Union aviation regulations and European Court of Justice rulings.
AFP
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