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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."
Serbia faces 'extremely serious' impacts as sanctions hit oil firm
Serbia's president warned that US sanctions on the Russian-controlled operator of the Balkan nation's only oil refinery that took effect on Thursday put it in an "extremely serious" position. President Aleksandar Vucic warned of "extremely serious consequences for our entire nation" in a television address on Thursday.
Danish wind giant Orsted to cut workforce by a quarter
Danish offshore wind energy giant Orsted announced Thursday plans to cut 2,000 jobs, or a quarter of its workforce, by 2027 as its business struggles in the United States. The company said it needed to focus more on its European business and offshore wind, as well as improve its competitiveness.
Michelin Guide gets an appetite beyond restaurants
France's famed Michelin Guide, a reference for fine dining for more than a century, is expanding into hotel and wine recommendations as it aims to become a global lifestyle brand. Poullennec also announced Wednesday that the guide would begin doing reviews for wine, by either building on or re-branding its US-based wine magazine Robert Parker Wine Advocate.
Shein's Paris store kicks up a storm in France
Asian e-commerce giant Shein's decision to set up shop in a historic Parisian department store has ruffled feathers in the fashion capital. The company also plans to open shops at Galeries Lafayette department stores in the cities of Dijon, Reims, Grenoble, Angers and Limoges.
AFP
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