BUSINESS

The EU has identified generative artificial intelligence as one of the main threats to elections being held across the 27-country bloc June 6-9.

Reddit, which debuted on the New York Stock Exchange earlier this year, has been seeking to capitalize on the value of exchanges in its varied discussion groups as it seeks to improve revenues.

Property and construction accounts for more than a quarter of gross domestic product, but the sector has been under unprecedented strain since 2020, when authorities tightened developers' access to credit in a bid to reduce mounting debt.

The company, under heavy regulatory scrutiny following recent safety and quality control problems, has defeated shareholder proposals at past annual meetings that usually have lasted an hour or less.

The billionaire head of Tesla, SpaceX and other companies bought Twitter for $44 billion in late 2022 and announced the rebrand to X last July.

Tokyo has promised up to four trillion yen ($25.7 billion) in subsidies to help triple sales of domestically produced chips to more than 15 trillion yen by 2030.

Baidu is a key player in China's tech industry, which once charted years of ballooning growth until Beijing imposed a regulatory crackdown on the sector starting in 2020.

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 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.

The entertainment and electronics behemoth has been in the spotlight after reports said it was working with Apollo Global Management on a potential joint bid for US film and television giant Paramount Global.

The US giant aims to complete the all-cash acquisition of Foodpanda Taiwan by the first half of 2025, it said in a statement.

The firm -- also known by its official name Hon Hai Precision Industry -- is the world's largest contract electronics manufacturer and assembles devices for several companies, most notably Apple's iPhones.

The Netherlands Authority for Consumers and Markets (ACM) hit Epic Games with two separate fines totaling the equivalent of $1.2 million, after finding that underage gamers "could experience pressure in several ways to make purchases."

After rejecting an improved takeover offer worth GBP34 billion ($43 billion) from BHP, which had hoped to create a copper titan, Anglo said it was accelerating plans to simplify the group and reward shareholders in a "radical" revamp.

The family-owned hedge fund run by Hwang had taken huge bets on a few stocks with money borrowed from banks, and when several of those bets turned sour, the fund was unable to meet "margin calls" to cover the losses.

The biggest single commitment is by Microsoft which on Sunday announced four billion euros in investment for developing data centers.

Brussels also said it would investigate whether social media platform X, owned by tech billionaire Elon Musk, can be exempted from the rules.