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World News

A collection of 371 issues

EU agrees on new rules for Internet companies to monitor content

New EU rules require companies such as Google and Meta* to increase oversight of illegal content on their platforms and pay regulators to enforce the rules. Targeted ads targeting children or based on personal information such as religion, gender, race and political views are banned, Reuters reported. Online platforms will

Fertilizer prices fall from record highs amid lower demand

The Tampa, Florida, nitrogen fertilizer price index fell more than 12 percent Friday. It's the steepest drop since 2019. Record prices have slowed industrial demand. Alexis Maxwell, a Bloomberg analyst, believes that despite a "temporary respite" in the fertilizer market, price volatility will remain high. The

Netflix is down $54 billion

Netflix stock fell to its lowest level since January 2018. That's how investors reacted to the first loss of streaming subscribers in more than a decade, which in turn brought an abrupt halt to years of strong growth. The stock closed trading down 35.1 percent, the biggest

Fed Beige Book: Many states reported moderate job growth despite hiring and retention challenges

Consumer spending accelerated among retail and nonfinancial service firms as cases of COVID-19 went down nationwide. Demand for labor continued to contribute to strong wage growth, especially for the self-employed. Companies surveyed believed inflationary pressures were forcing wage increases.

Chinese defense minister talks with Pentagon chief urges U.S. to stop underestimating China's resolve and capabilities

China's defense minister told the Pentagon chief that mishandling the Taiwan issue could have a fatal effect on relations between Beijing and Washington. Chinese defense chief: If the Taiwan issue is resolved in an unacceptable way, it would have a devastating effect on PRC-U.S. relations.

Warner Bros. Discovery fires CNN CFO and suspends marketing spending

Warner Bros. Discovery said Tuesday it is suspending all outside marketing spending on its recently launched CNN+ streaming service. The company also fired CNN CFO Brad Ferrer.

Tesla's profits could suffer due to epidemic in China

The company will release quarterly results on Thursday. Investors expect the shutdown in Shanghai to cause supply chain problems. The COVID-19-related shutdown of Tesla's Shanghai plant and the cost of commissioning new plants in Berlin and Texas likely affected its first-quarter earnings, according to analysts polled by Reuters.

Johnson & Johnson retracts sales forecast for COVID-19 vaccines

The company cites demand uncertainty and global oversupply. The company previously released its Q1 2022 quarterly report. Johnson & Johnson noted that its COVID-19 vaccine sales contributed to the company's growth. However, lower sales of Remicade, an inflammatory disease treatment, played the opposite role.

China Signs Security Agreement with the Solomon Islands in the South Pacific - U.S., Australia, and New Zealand protested

U.S. State Department spokesman Ned Price warned that the broad nature of the agreement "leaves the door open for the deployment of military forces from the People's Republic." He also expressed concern that China's presence could destabilize the Solomon Islands.

Libya shut down its largest oil field

OPEC member representatives also warned of future shutdowns as protests against the prime minister grow. Libya could lose more than half of its production capacity of 1.2 million barrels per day. Production across the country could be almost completely halted if protesters carry out their threats to close the