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EU grills Apple, Snapchat, YouTube over risks to children
The EU Friday demanded digital giants including Snapchat and YouTube explain how they are protecting children from online harm, as member states explore restricting minors' access to social media at a European level.
Carmakers face massive UK dieselgate lawsuit
Five major car manufacturers go on trial at London's High Court on Monday in the latest chapter of the dieselgate emissions scandal that has rocked the global car industry for a decade. It caused waves in the global car industry, ensnaring several other top carmakers and leading to legal action in several countries.
Asian markets limp into weekend as AI bubble fears grow
Asian equities staggered into the weekend Friday following a mixed week that saw a Middle East ceasefire and huge new AI investments play off against the US shutdown and concerns about a tech bubble.
Comeback studio Warner takes 'victory lap' amid takeover rumors
In just six months, Warner Bros has gone from ailing Hollywood giant reportedly mulling a leadership change to the industry's hottest studio -- and the rumored target of a $70 billion takeover bid. - Takeover rumors - The sudden success has come at a nonetheless turbulent time for parent corporation Warner Bros Discovery, the product of a 2022 merger with Discovery.
US finalizes $20 bn economic lifeline for Argentina, buys pesos
US Treasury Secretary Scott Bessent said Thursday that Washington had bought Argentine pesos and finalized a $20 billion economic support program to help prop up the South American nation's faltering finances. "Additionally, we have finalized a $20 billion currency swap framework with Argentina's central bank."
EU woos developing nations at investment forum
European Union chief Ursula von der Leyen pitched the bloc as a dependable partner in a transactional world Thursday as she hosted about a dozen Global South leaders at an investment conference in Brussels. "Tariffs and trade barriers are back as a tool of geopolitics and geoeconomics," von der Leyen told the Global Gateway Forum, an implicit reference to US and Chinese policies.
Ferrari goes electric with four-seat coupe 'Elettrica'
Ferrari's first electric sports car, to be released next year, will be a four-seat coupe with over 1,000 horsepower and a range of 530 kilometres (329 miles), the company announced Thursday.
British PM Starmer hails India opportunities after trade deal
British Prime Minister Keir Starmer touted "unparalleled" opportunities opening up in India as he made his inaugural visit to the country on Wednesday, seeking to promote a trade deal signed this summer. The two-day visit comes after the countries signed a major trade accord in London in July.
US sanctions hit Serbia's oil firm
US sanctions on Serbia's majority-Russian-owned NIS oil company, which operates the country's sole refinery, took effect on Thursday after months of delay. Its parent company, Gazprom, transferred its 11-percent stake last month to Intelligence, a Saint Petersburg-based firm also linked to the Russian energy giant.
AFP
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