EU Cracks Down on Big Tech: Google and X Face Potential DMA Fines
The European Union is intensifying its enforcement of the Digital Markets Act (DMA), with Alphabets Google and Elon Musks X expected to be the next targets of regulatory action. This follows the EUs landmark decision to...
UBS Forecasts Continued Weakness for U.S. Dollar Despite Recent Bounce
10:50 AM|
Economy
The U.S. dollar has edged higher in recent days, but UBS anticipates continued depreciation through 2025. As of 06:40 ET, the U.S. Dollar Index rose 0.3% to 98.960, rebounding from a three-year low. The euro dipped 0.2% to...
EU Fines Apple and Meta Over Digital Markets Act Violations
10:48 AM|
Business
Governance
Apple and Meta Platforms (NASDAQ:META) have been fined 500 million ($570 million) and 200 million respectively by the European Commission for breaching the EUs Digital Markets Act (DMA), a regulation designed to limit the...
Meta Faces Oversight Board Backlash Over Content Moderation Rollback
05:36 AM|
Business
Meta Platforms is under fire from its Oversight Board after a controversial January policy shift that scaled back fact-checking and eased restrictions on discussions around sensitive topics such as immigration and gender...
Mercedes-Benz CEO Urges EU-China EV Trade Compromise Amid Tariff Tensions
05:32 AM|
Business
Mercedes-Benz CEO Ola Kllenius is calling on the European Union and China to reach an equitable solution over the escalating electric vehicle (EV) trade dispute. Speaking at the Shanghai auto show, Kllenius warned that...
Mizuho Cuts Tesla Price Target on Weak Q1 Earnings, Sees Hope in Model Y and Cybercab
05:29 AM|
Business
Mizuho Securities has lowered its price target on Tesla Inc. (NASDAQ: TSLA) to $325 from $375 after the EV giant reported disappointing Q1 results. Despite the downgrade, the brokerage maintained its Outperform rating,...
BOJ Likely to Hold Rates Until July Amid Tariff Uncertainty, Economists Say
05:25 AM|
Economy
Central Banks
The Bank of Japan is expected to keep its key interest rate unchanged through June, according to a Reuters survey conducted from April 1421. Out of 56 economists, 84% anticipate no rate change at the April 30-May 1 and...
Asian Currencies Rise as Trump Eases Fed, Tariff Tensions
05:18 AM|
Economy
Most Asian currencies strengthened on Wednesday after U.S. President Donald Trump softened his stance on the Federal Reserve and signaled openness to easing trade tariffs on China. Meanwhile, the Japanese yen weakened...
Top Stories
BlackRock CEO Larry Fink Warns of U.S. Recession Amid Trade Policy Uncertainty
09:22 AM|
Business
Insights & Views
BlackRock Inc. (NYSE:BLK) CEO Larry Fink expressed deep concern over the U.S. economy, stating he is petrified in the short term due to the uncertainty caused by President Donald Trumps trade policies. In a CNBC interview,...
Yes, government influences wages – but not just in the way you might think
By David Peetz -
09:55 AM|
Insights & Views
Life
Can the government actually make a difference to the wages Australians earn? A lot of attention always falls on the governments submission to the Fair Work Commissions annual wage review, which this year called for a real...
Drug pollution in water is making salmon take more risks – new research
By Jack Brand Et Al -
09:57 AM|
Insights & Views
Nature
Out of sight, out of mind is how we often treat what is flushed down our toilets. But the drugs we take, from anxiety medications to antibiotics, dont simply vanish after leaving our bodies. Many are not fully removed by...
Trump tariff backflip brings a US trade war with China into the crosshairs
By Jonathan Este -
09:58 AM|
Economy
Insights & Views
Politics
You have to marvel at Donald Trumps prescience. After his announcement of Americas new tariffs regime on April 2, liberation day, the stock markets plummeted, causing faint hearts around the world to quail. Nerves...
South African court said no to new coal-fired power: what’s behind the ruling
By Melanie Murcott -
10:02 AM|
Insights & Views
Governance
Three South African environmental and climate justice organisations took the South African government to court in November 2021, to challenge the authorisation of new coal-fired power as part of the countrys energy mix....
[Editorial Cartoon] “Tariff Chicken Game” – U.S. and China Speed Toward Economic Catastrophe
13:35 PM|
Economy
Insights & Views
Market Moving News
Amid rising tensions in the U.S.-China trade war, this weeks editorial cartoon depicts a dramatic chicken game scenario, where two economic superpowers appear locked in a collision course with potentially devastating...