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88 postal operators suspend services to US over tariffs: UN
Postal traffic to the United States plunged more than 80 percent following Washington's imposition of new tariffs, with 88 operators worldwide fully or partially suspending services, the Universal Postal Union said Saturday. "Furthermore, 88 postal operators informed the UPU they have suspended some or all postal services to the US until a solution is implemented," it said.
US Open offers home court advantage to top brands
The US Open, the last Grand Slam of the tennis calendar, has become a coveted money-making opportunity for the world's top brands, in everything from banking to ice cream, generating hundreds of millions of dollars.
AI giant Anthropic to pay $1.5 bn over pirated books
Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over allegedly using pirated books to train its artificial intelligence (AI) models, according to court documents filed Friday.
US agents arrest 475 in raid on Hyundai-LG plant
South Koreans suspected of working in the United States illegally were the majority of the 475 people arrested in a raid on a Hyundai-LG battery plant being built in the southern state of Georgia, a US official said Friday.
Spain's BBVA bank to start Sabadell offer Monday
Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light. The CNMV stock market regulator ruled that BBVA will have 30 days, beginning on September 8, to get enough Sabadell shareholders to accept the proposal.
Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
Seizing Russian central bank assets immobilised in the 27-nation EU over the Ukraine war risks inflicting major damage on Europe's economy, Belgian Foreign Minister Maxime Prevot told AFP Friday. The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine, the vast majority of which are held by the international deposit organisation Euroclear in Belgium.
EU hits Google with €2.95 bn fine despite Trump threats
The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favouring its own advertising services Friday, despite President Donald Trump's warnings not to target US big tech. This behaviour is illegal under EU antitrust rules," EU competition chief Teresa Ribera said.
Tesla proposes package for Musk that could top $1 trillion
Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1 trillion if the controversial CEO delivers on his vision for stratospheric growth from new technologies. Earlier this month, Tesla announced an "interim" compensation award worth about $29 billion for Musk, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent.
Europe bets on supercomputer to catch up in AI race
Europe's fastest supercomputer Jupiter was inaugurated Friday in Germany with Chancellor Friedrich Merz saying it could help the continent catch up in the global artificial intelligence race. "We in Germany, and we in Europe, have every opportunity to catch up and then keep pace" with AI pioneers the United States and China, said Merz.
AFP
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