World

Meta, the parent company of Facebook, has found itself in hot water with EU regulators over its ad-supported subscription model. The European Commission has accused Meta of failing to comply with the bloc’s landmark antitrust rules, specifically regarding the “pay or consent” model that the company introduced last year for Facebook and Instagram in Europe.

The French political landscape is bracing for a seismic shift as voters prepare to cast their ballots in a snap parliamentary election. President Emmanuel Macron’s decision to call for this election comes in the wake of his Renaissance party’s disappointing performance in the European Parliament elections, where they were soundly beaten by the far-right National

The snap presidential elections in Iran have revealed a close race between a low-key moderate candidate, Massoud Pezeshkian, and a hardline contender, Saeed Jalili. More than 14 million votes have been counted, with Pezeshkian securing over 5.9 million votes and Jalili receiving over 5.5 million votes, according to provisional results by the interior ministry. The

France’s parliamentary election has sent shockwaves through the investment community as the country’s risk premium continues to rise. While the market has priced in some possible outcomes, there are still scenarios that have not been fully taken into consideration. This uncertainty could have a significant impact on stocks in the broader European region, according to

H&M, the world’s second-largest retailer, experienced a significant setback as its shares plummeted by over 14% following a disappointing second-quarter financial report. Despite an increase in profits compared to the same period last year, the operating profit fell short of analysts’ expectations. This unexpected turn of events raised concerns among investors and led to a

In a recent survey conducted by the China General Chamber of Commerce in the U.S., it was found that a majority of Chinese enterprises remain optimistic about the U.S. market in the long term, despite increasing worries about U.S.-China relations and the overall business environment. The survey revealed that nearly 60% of companies are looking

During the opening of the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Chinese Premier Li Qiang defended the country’s technological development. He emphasized that the rapid rise of China’s new industries is rooted in their unique comparative advantages. These advantages include the country’s large market, industrial network, labor force, diverse application scenarios, and

In a recent report released by European Union regulators, it was revealed that Apple is in violation of new sweeping tech rules due to restrictions placed on App Store users, preventing them from being directed to alternatives. The European Commission has initiated a new probe into Apple concerning its contractual terms with developers. This investigation

China and the European Union have reached an agreement to initiate discussions regarding the proposed imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market. This decision marks a significant step in addressing the ongoing trade issues between the two economic powerhouses. Germany’s Economy Minister Robert Habeck revealed that EU commissioner

The United States recently issued draft rules aimed at regulating investments in artificial intelligence and other technology sectors in China to protect U.S. national security interests. The proposed rules raise concerns about the potential impact on the global market and the strategies employed by both U.S. and Chinese entities. The draft rules place the responsibility