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Market tracker expects brands' fear of Musk to boost X ad revenue
Market tracker expects brands' fear of Musk to boost X ad revenue
by  AFP

Emarketer on Wednesday forecast that ad revenue at X, formerly Twitter, will grow this year as brands fear retaliation by politically connected owner Elon Musk if they stay away. Emarketer forecast that Meta ad revenue will grow slightly more than 11 percent in the United States this year.

Tesla troubles: Speed bump or early signs of impending crash?
Tesla troubles: Speed bump or early signs of impending crash?
by  AFP

Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive's close ties to Donald Trump and increased electric vehicle competition. In his view, Tesla and Musk both enjoy the unwavering loyalty of shareholders, but to reassure them, some sort of senior executive should be appointed to take care of the day-to-day running of the company from Musk.

White House says Trump to announce auto tariffs Wednesday
White House says Trump to announce auto tariffs Wednesday
by  AFP

US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move set to fuel tensions with trading partners ahead of further promised levies next week. On Wednesday, White House Press Secretary Karoline Leavitt told a briefing that Trump will hold a press conference at 4:00 pm (2000 GMT) "to announce tariffs on the auto industry."

Canada PM Carney details fund to protect auto industry against Trump
Canada PM Carney details fund to protect auto industry against Trump
by  AFP

Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade protection in response to US President Donald Trump's threat to "shut down" the northern country's auto industry. But Trump's trade war, his repeated threats to make Canada the 51st US state, and Trudeau's departure have upended Canadian politics.

Sweden to boost defence spending $30 bn over a decade
Sweden to boost defence spending $30 bn over a decade
by  AFP

Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister said Wednesday, calling it the nation's biggest rearmament push since the Cold War.

Apple says Indonesia iPhone sales ban ends in April
Apple says Indonesia iPhone sales ban ends in April
by  AFP

Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia's biggest economy had been lifted. Despite the ban on iPhone sales in Indonesia, the government had allowed the devices to be brought in if they were not being traded commercially.