little rock, arkansas — Arkansas sued YouTube and parent company Alphabet on Monday, saying the video-sharing platform is made deliberately addictive and fueling a mental health crisis among youth in the state. Attorney General Tim Griffin’s office filed the lawsuit in state court, accusing them of violating the state’s deceptive trade …
your ad hereCalifornia governor vetoes bill to create first-in-nation AI safety measures
Sacramento, California — California Governor Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models Sunday. The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapidly evolving with little oversight. The bill would have established some …
your ad hereUS town divided by factory deal as candidates compete to be toughest on China
In the American Midwest, a local fight over a Chinese electric vehicle battery factory reflects broader controversy over Chinese investments in the U.S. VOA’s Calla Yu reports on how the issue of U.S.-China competition is playing out in a small city in Michigan during this year’s U.S. presidential election. Videographer: …
your ad hereBrazil imposes new fine, demands payments before letting X resume
SAO PAULO/BRASILIA BRAZIL — Brazil’s Supreme Court said on Friday that social platform X still needs to pay just over $5 million in pending fines, including a new one, before it will be allowed to resume its service in the country, according to a court document. Earlier this week, the Elon …
your ad hereZimbabwe currency plunges after central bank move to allow more flexibility
Harare, Zimbabwe — The value of Zimbabwe’s gold-backed currency plunged 44% Friday on the official market. The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after the Reserve Bank of Zimbabwe’s monetary committee met and bank governor John Mushayavanhu said that after looking at “the recent …
your ad hereOxfam: ‘Oligarchy’ of super-rich undermining cooperation to tackle poverty, climate change
London — As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a “global oligarchy” of the super-rich who exert considerable control over the global economy – and who it blames for exacerbating …
your ad hereHarris promises tax breaks, investments for US manufacturers
PITTSBURGH — U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century,” as she detailed her economic plan to boost the U.S. middle class. Speaking at the Economic Club of Pittsburgh in the battleground state …
your ad hereOECD sees global economy ‘turning corner’ toward growth
CrowdStrike executive apologizes to Congress for July global tech outage
WASHINGTON — An executive at cybersecurity company CrowdStrike apologized in testimony to Congress for sparking a global technology outage over the summer. “We let our customers down,” said Adam Meyers, who leads CrowdStrike’s threat intelligence division, in a hearing before a U.S. House cybersecurity subcommittee Tuesday. Austin, Texas-based CrowdStrike has blamed …
your ad hereFormer executive gets 2 years in prison for role in FTX fraud
new york — Caroline Ellison, a former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers. U.S. District Judge Lewis A. Kaplan …
your ad hereUS Justice Department sues Visa, saying it monopolizes debit card markets
NEW YORK — The U.S. Justice Department filed an antitrust lawsuit against Visa on Tuesday, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint says Visa penalizes merchants and banks who don’t …
your ad hereSri Lanka’s new leader appoints cabinet ahead of expected snap polls
Colombo, Sri Lanka — Sri Lanka’s new leftist president appointed his Cabinet Tuesday ahead of an expected snap parliamentary election as he prepares to renegotiate the bankrupt island nation’s unpopular International Monetary Fund bailout program. Self-avowed Marxist Dissanayake of the People’s Liberation Front (JVP) was sworn into office on Monday after …
your ad hereGerman economy expected to contract again in 2024, say sources
Berlin — Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany’s economy was the weakest among its large euro zone peers last year with a …
your ad hereEurozone business activity slumps after Olympics boost
Brussels, Belgium — Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday. S&P Global’s purchasing managers’ index (PMI) — a key gauge of the overall health of the economy — dropped …
your ad hereBiden administration seeks to ban Chinese, Russian tech in most US vehicles
New York — The U.S. Commerce Department said Monday it’s seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers. While there is minimal Chinese and …
your ad hereBiden proposes banning Chinese vehicles from US roads with software crackdown
Washington — The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns — a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The planned regulation, first reported by Reuters, would also force …
your ad hereEU challenges China’s dairy product probe at WTO
Brussels — The European Commission launched a challenge at the World Trade Organization (WTO) on Monday against China’s investigation into EU dairy products, initiated after the European Union placed import tariffs on Chinese electric vehicles. This is the first time the European Union has taken such action at the start of …
your ad hereHigh inflation memories cloud US consumers’ outlooks
Washington — Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, and chipped away at what consumers pay for personal, auto and other loans. How …
your ad hereUS to propose ban on Chinese software, hardware in connected vehicles, sources say
Washington — The U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters. The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. …
your ad hereWall Street – Investor focus turns to data, election, earnings after Fed rate cut
NEW YORK — A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one of the most volatile periods of the year for equity markets. The benchmark S&P 500 .SPX last week hit its …
your ad hereInstagram makes teen accounts private as pressure mounts to protect children
California governor signs law to protect children from social media addiction
SACRAMENTO, California — California will make it illegal for social media platforms to knowingly provide addictive feeds to children without parental consent beginning in 2027 under a new law Governor Gavin Newsom signed Friday. California follows New York state, which passed a law earlier this year allowing parents to block their …
your ad hereNigeria’s inflation rate dips, but Nigerians still feel the pinch
ABUJA, NIGERIA — The high inflation rate in Nigeria dropped slightly in August, but a decline in the value of the nairia and a continued increase in fuel prices are eroding the slight gains and threatening to reignite the inflationary trend. Michael Anthony, an engineer and father of four, still faces …
your ad hereGerman minister: VW must solve most of its problems alone
Frankfurt, Germany — Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday. Volkswagen said earlier this month it needed significant restructuring to stay competitive, and was considering shutting sites …
your ad hereAsian stocks follow Wall Street’s rate cut rally higher
HONG KONG — Asian stocks surged Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates. U.S. futures and oil prices were lower. The Bank of Japan ended a two-day monetary policy meeting and announced it would keep its …
your ad here