Meta, the parent company of Facebook, is currently under investigation by the European Union for potential breaches of the bloc’s strict online content law related to child safety risks. The European Commission has expressed concerns about the impact of Meta’s platforms, including Facebook and Instagram, on children, such as the stimulation of behavioral addictions and
World
The news of the assassination attempt on Slovakian Prime Minister Robert Fico has sent shockwaves across the continent. The 59-year-old populist leader was shot multiple times and is currently in a life-threatening state. Fico was reported to have been shot and wounded in the abdomen after a government meeting in the central Slovakian city of
Alibaba, the Chinese giant, experienced a significant drop in its net profit during the fiscal fourth quarter, leading to a decline in its share price. In comparison to the LSEG consensus estimates, Alibaba reported a revenue of 221.9 billion yuan, slightly higher than the expected 219.66 billion yuan. However, the net income attributable to ordinary
The Asia-Pacific markets saw a mixed performance on Monday as investors digested China’s latest inflation data. The consumer price index in China rose by 0.3% year on year, surpassing earlier estimates of a 0.2% increase. However, the producer price index dropped by 2.5% year on year, which was more than the anticipated 2.3% decline. This
As the earnings season comes to a close, there are still several important names in the S & P 500 set to report their quarterly figures. Among them are Home Depot and Walmart, both of which are influential companies that can provide valuable insight into the health of the consumer market. Overall, 92% of the
In April, China’s consumer prices saw a modest increase for the third consecutive month, indicating a boost in domestic demand. This growth comes as Beijing continues to implement various policy measures aimed at stabilizing the country’s economy. The latest data from the National Bureau of Statistics revealed that consumer prices rose by 0.3% year-on-year, surpassing
As the global economy evolves, so do the trade patterns of nations around the world. Germany, known for its strong export-driven economy, has seen a significant shift in its trading partners in recent years. While China has long been Germany’s main trading partner, the United States is quietly emerging as a strong contender for the
In the ever-evolving landscape of technology, the global semiconductor industry is on the verge of a significant transformation. This transformation is being driven by the increasing demand for artificial intelligence (AI) PCs that are equipped with chips developed by British chip designer Arm. According to analysts at Morgan Stanley, the development of more powerful PCs
South Korea’s convenience stores have introduced a new and surprising item on their menu – gold bars. This trend has quickly gained popularity among consumers, with the country’s largest convenience store chain, CU, collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer mini gold bars to customers. The mini gold bars are
Asia-Pacific markets are on track to continue their upward momentum following a positive session on Wall Street. The optimism stems from the anticipation of an interest rate cut by the Federal Reserve, driving investor confidence across various markets in the region. In particular, market participants are closely monitoring the Reserve Bank of Australia’s decision on