Meta launches global ad rollout on Threads to boost revenue
The company confirms that ad placements will initially launch in select markets, with a broader rollout planned in the coming months
Google and X may face EU fines as regulators continue crackdown on Big Tech
EU antitrust chief Teresa Ribera asserts that all companies operating in the EU must comply with European laws and respect European values
EU fines Apple and Meta a combined 700 million euros for violating DMA
The fines are relatively modest compared to previous penalties under the leadership of former EU antitrust chief Margrethe Vestager
IMF warns new U.S. tariffs will push global public debt to nearly 100% of GDP by 2030
The IMF's latest projections estimate global public debt will rise by 2.8 percentage points to 95.1% of GDP by 2025, and reach 99.6% by 2030
Meta Oversight Board criticizes company’s policy overhaul on content moderation
The board operates independently and expressed concerns that the changes were implemented hastily without clear public information
Xiaomi denies delay in YU7 electric SUV launch
The YU7 is expected to be a direct competitor to Tesla’s Model Y
China’s Leapmotor delivers 8,000 B10 SUVs within 13 days of launch
According to Vice President Cao Li, more than half of these orders are for the lidar-equipped variant
Oil prices fall as Kazakhstan defies OPEC+ output limits
Brent crude futures drop 0.9% to $66.83, while U.S. West Texas Intermediate crude slips 0.86% to $63.12
Dollar rebounds as Trump backs off Fed threat
The currency gains over 1% against the Japanese yen in early Asian trading, climbing to 143.21 before settling around 142.085
DeepSeek AI to power BMW’s next-gen vehicles in China
BMW introduces its AI-based Intelligent Personal Assistant co-developed with Alibaba and gradually enhanced by DeepSeek's AI
Florida sues Snapchat owner Snap for violating children’s mental health law
The lawsuit says Snap misleads Florida parents by not removing users under 13 or requiring consent for ages 14 and 15
Tesla faces production delays for humanoid robots due to China’s export restrictions
Musk explains that China is seeking assurances that the rare earth magnets will not be used for military purposes
WEF investigates founder Klaus Schwab following whistleblower claims
The whistleblower letter alleges improper mixing of Schwab's personal affairs with the forum's resources
OpenAI expresses interest in buying Chrome if Google is forced to sell
We believe having multiple partners, and in particular Google's API, would enable us to provide a better product to users, says ChatGPT product head
OpenAI CEO Sam Altman steps down as chairman of nuclear startup Oklo
Oklo CEO and co-founder Jacob DeWitte will assume the role of chairman, the company confirms