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TikTok is in the crosshairs of authorities in the U.S., where new legislation threatens a nationwide ban unless its China-based parent ByteDance divests. TikTok is already banned in a handful of countries and from government-issued devices in a number of others, due to official worries that the app poses privacy and cybersecurity concerns. TikTok has long maintained that it doesn’t share data with the Chinese government and its CEO has taken a defiant stance, vowing to fight back.
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
In a darkly lit arts studio in London, five young actors highlight their scripts and go over their lines: the latest cast of "Phosphoros Theatre", a company that empowers refugees and asylum seekers to tell their story on stage.The latest Phosphoros production, "Tender", tells the story of a group of refugee friends in London.
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
India's six-week-long election resumed Friday with millions of people lining up outside polling stations in parts of the country hit by a scorching heatwave.More than 968 million people are eligible to take part in India's election, with the final round of voting on June 1 and results expected three days later. sai-abh/gle/pbt
Chevron and ExxonMobil are expected to report a year-over-year decline in earnings per share.
Fresh data on Thursday showed further signs of sticky inflation, pushing bond yields higher and weighing on stocks.
China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. Xiaomi announced that it had received more than 75,000 orders in the four weeks since the launch of its first car, the SU7, with a list price of 215,900 to 299,900 yuan ($29,800-$41,400).
Chinese President Xi Jinping on Friday told top US diplomat Antony Blinken that the world's two biggest economies should be "partners, not rivals", but that there were a "number of issues" to be resolved in their relations."There are still a number of issues that need to be resolved, and there is still room for further efforts," the Chinese leader added.
British mining giant Anglo American on Friday rejected a blockbuster $38.8-billion takeover bid from Australian rival BHP, slamming it as "highly unattractive" and "opportunistic"."The proposed structure is also highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders."
During nearly three hours of historic Supreme Court arguments, John Roberts said little. But the cagey chief justice made some points abundantly clear.
When President Joe Biden visited Virginia to commemorate Earth Day on Monday, he was joined by Sen. Bernie Sanders, a key architect of the clean energy proposals that Biden was rolling out. But those weren’t the only items on the Vermont independent’s mind.
Fujikawaguchiko has been swarmed with tourists, seeking the perfect picture, who have wreaked havoc on a convenience store parking lot.
The industry's most influential bipartisan backers are leaving, but others will take their place — at least among the GOP.
Fujikawaguchiko has become overrun with foreign tourists trying to get the perfect photo of Japan’s most famous mountain.
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America."Weakness in the US centered around frozen pizza and snacks, where we saw a combination of soft consumer demand, intense price competition and a reduction in retailer inventories in the quarter," Manz said.
Japan’s space agency announced Friday a plan to launch a major upgrade to its satellite imaging system, as a new flagship rocket is put to the test for a third time. The Japan Aerospace Exploration Agency that an H3 rocket will be launched from the Tanegashima Space Center, on a southwestern Japanese island, early afternoon on June 30, with a launch window that runs through the end of July. The rocket will be carrying an Advanced Land Observation Satellite, ALOS-4, tasked primarily with Earth observation and data collection for disaster response and mapmaking, as well as with monitoring military activity, such as missile launches, with an infrared sensor developed by the Defense Ministry.
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.- Global outlier - The BoJ has been a global outlier in sticking to an ultra-loose policy while other central banks pushed rates up as they fought against surging inflation -- causing a wide differential that saw investors push into other currencies.
Kenya Airways on Friday accused the authorities in the Democratic Republic of the Congo of harassment over the continued detention of two of the airline's staff for alleged customs violations despite a court ordering their release. Officers from Congo's military intelligence detained the pair on April 19 for allegedly failing to complete customs documentation related to valuable cargo that was meant to be transported a week earlier, the airline said in a statement. The airline workers have been granted only one short visit by Kenya's embassy staff, Kenya's national carrier said.
Markets were mixed on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been overdone, while the yen hit a fresh 34-year low after the Bank of Japan stood pat on interest rates.The rally has been helped by blockbuster reports from heavyweights Microsoft and Alphabet, which topped estimates, while the latter also announced its first dividend.
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