BUSINESS

The probe is under a mammoth law known as the Digital Services Act (DSA) that forces the world's largest tech firms to do more to protect European users online and clamp down on illegal content.

Innomotics, a subsidiary whose motors and other systems are used in a variety of industries including chemicals, oil, utilities and automotive, employs around 15,000 people.

The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.

Gross domestic product in the world's number four economy shrank by 0.5 percent against market expectations of a drop of only 0.3 percent.

In the ensuing weeks, Boeing has endured troubling congressional hearings with whistleblowers and safety experts, repeat delays to a space launch, and a steep decline in commercial plane deliveries that has deepened financial losses.

US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties.

One of the fastest-growing apps, Temu only entered the EU market in April 2023 and says it has on average around 75 million monthly active users in the 27-country bloc.

The BSP recently approved a pilot for a peso-pegged stablecoin as proposed by a prominent local crypto exchange, marking a significant development in the Southeast Asian nation's digital assets sector.

Wisconsin's pension fund overseer has just disclosed that it bought thousands of BlackRock's IBIT shares, signaling an apparent growing institutional interest in the trending funds.

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

The simultaneous searches began in the morning at Goodyear in France, Luxembourg and the company's European headquarters in Brussels, said Etienne Manteaux, prosecutor in Besancon, eastern France.

The measures, which drew strong opposition from Beijing, come as Biden seeks to look tough on trade ahead of a rematch with Republican Donald Trump in November's US presidential election.

The Fed has held interest rates at a 23-year high as it looks to bring inflation down to its long-term two percent target.

Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas.

Sutskever said on X, formerly Twitter, that he was leaving after almost a decade at OpenAI, whose "trajectory has been nothing short of miraculous."

The move follows a recent spat between Petrobras and shareholders over dividend payments, which heightened concerns about the government's influence in the publicly traded company's decision-making.

Ripple's Brad Garlinghouse said last week that the U.S. is targeting Tether's USDT stablecoin, and Tether's CEO appears to have responded to the insinuation, triggering what could be the beginning of a clash of two crypto titans.