Business·
U.S. Court Orders Meta to Pay $567 Million Fine
A court in New Mexico has found that Meta's platforms caused psychological harm to children and has imposed a fine. Meta has announced it will appeal.
Business
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Business·
Low Rhine Water Levels Slow Down German Industry
The Rhine has reached a historic low due to drought. Inland waterway shipping, a key transportation route for industry, has been severely restricted.
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Meta ordered to pay $567 million for child mental health harms
The $567 million will largely fund treatment services, with the remainder supporting awareness and prevention programs over five years.
mr_t_77 / CC BY-SA 2.0Business·
FAA orders inspections of 470 Boeing 737 Max jets
The Federal Aviation Administration ordered urgent fuselage inspections for 470 Boeing 737 Max jets after reports of structural cracks in older models.
Mike / CC BY 3.0Business·
Lusoponte says tolls on the 25 de Abril Bridge are necessary
Concessionaire argues that maintenance and safety costs require toll payments, rejecting the idea of toll-free travel
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US imposes 15% tariff on polysilicon to counter China
New 15% tariff and price floors aim to reduce reliance on Chinese-dominated polysilicon supply chain for solar panels and semiconductors.
Adovr / CC BY-SA 4.0Business·
U.S. Suspends Avocado Imports from Michoacán
The United States temporarily suspended avocado imports from Michoacán following threats against U.S. inspectors. Mexico deployed 1,500 military personnel to ensure security.
Business·
Disney profit beats forecasts as streaming plans expand
Disney's third-quarter profit exceeded Wall Street estimates, driven by theme parks and box office hits, while the company explores a free streaming tier to attract more viewers.
Business·
Milan closes higher amid uncertainty over the Strait of Hormuz
The FTSE MIB index rose 0.44% in Milan, while in London it fell 0.19%, and the ECB warned about the impact on energy prices
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UK approves $110B Paramount-Warner Bros merger
UK regulators approve the Paramount-Skydance takeover of Warner Bros. Discovery, but the deal still faces a U.S. antitrust trial in California.
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Ford names new electric truck 'Fathom' at $28,350
Ford announced its first midsize electric truck, 'Fathom,' priced at $28,350 with a planned release in fall 2027.
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ifo Director Calls for a Uniform VAT Rate
ifo President Fuest proposes eliminating the reduced VAT rate to make it more socially acceptable. WPP reports a recovery following a decline in revenue. Iran insists on conditions for an agreement regarding the Strait of Hormuz.
Business·
Novo Nordisk loses GLP-1 drug lead to Eli Lilly
Danish pharmaceutical giant Novo Nordisk saw its dominance in GLP-1 weight-loss drugs challenged by U.S. rival Eli Lilly after pioneering breakthrough treatments.
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Commerzbank CEO Holds Talks with UniCredit
Commerzbank CEO Bettina Orlopp announces new talks with UniCredit after a two-year takeover battle. At the same time, the bank reports record half-year results.
Mark Bess / CC BY-SA 2.0Business·
Air India names new CEO amid financial and safety concerns
Tewolde Gebremariam named CEO of Air India as the carrier faces financial losses and safety scrutiny following a recent turbulence incident.
Cmichel67 / CC BY-SA 4.0Business·
Google AI chief scientist Jeff Dean to leave company
Google's chief scientist Jeff Dean and DeepMind CEO Demis Hassabis are departing as part of a restructuring of AI leadership at Alphabet.
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US private payrolls rise 44,000 in July: ADP
Private payrolls grew by 44,000 in July, the smallest increase in six months, according to ADP data released Wednesday.
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Former Carrefour CEO Daniel Bernard Dies at Age 80
The former executive, who led the group from 1998 to 2005, died after a long illness during the night of August 4–5.
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Disney, TikTok partner to share fan-made shorts
Creators can now use Disney, Pixar, Marvel, Star Wars and FX characters in videos posted to both TikTok and Disney+.