Category: Business & Markets

Nikki Haley Invites Disney to South Carolina Amid Ongoing Lawsuit

Republican presidential candidate Nikki Haley invited Disney to relocate to South Carolina amid Florida Gov. Ron DeSantis’s long-running dispute with the company to revoke its special legal and economic privileges. In a post on Twitter Wednesday, the former South Carolina governor toyed with the idea that her home state would happily accept Disney if the…


WeChat Derailing Democracy, Must Be Regulated in Democratic Nations: Expert

An expert has warned that countries around the world should regulate WeChat because it is actively seeking to undermine political systems and civil societies. WeChat, which is alternatively known as Weixin, is a Chinese instant messaging, social media, and mobile payment app developed by the Chinese company Tencent. Seth Kaplan, Ph.D., a professorial lecturer at Johns…


AGL Retires Liddell Power Station to Build Renewable Energy Hub

Another major coal-fired power station in Australia has been shut down after 52 years of service as its owner steps up the transition to renewable energy. On April 28, AGL, Australia’s largest energy producer and retailer, officially turned off the engine of Liddell’s remaining generators, marking the end of the 1,500-megawatt power station that once…


Illinois Based Meat Producer Recalls Over 2,000 Pounds Of Contaminated Ground Beef

An Illinois-based meat producer has recalled more than 2,000 pounds of ground beef patties after consumers said it was allegedly tainted with an unknown substance. Customers complained they found “rubber-like” material in the grass-fed beef products during preparation. The U.S. Department of Agriculture said that Weinstein Whole Meats of Forest Park, Illinois, announced the recall on April…


Microsoft Reports Boost in Profits, Revenue, as It Pushes AI

REDMOND, Wash.—Microsoft on Tuesday reported a 9 percent increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The…


UK Blocks Microsoft’s $69 Billion Activision Deal Over Cloud Gaming Concerns

LONDON—Britain will block Microsoft’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard over concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar “Call of Duty” franchise to…


Google’s Persistent Ad Slump Weighs on Alphabet’s 1Q Results

SAN FRANCISCO—Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine. An unprecedented downturn in Google’s digital ad revenue—the company’s main moneymaker for more than 20 years—came into sharper focus Tuesday with the release of the January-March…


Extinction Rebellion Climbs Melbourne Arts Spire Over Climate Change

A climate action protestor has scaled the spire of the Arts Centre Melbourne to unfurl a banner protesting climate change. On April 28, the Extinction Rebellion protestors unfurled a large banner across the spire reading, “Occupy for Climate 2023.” The group is known for its high-profile protests—sometimes involving malicious damage—aimed at disrupting the economic activity…


VICE Cuts Staff, Cancels ‘VICE News Tonight’

The VICE Media Group (VMG) is cutting staff and ending its flagship news broadcast program “VICE News Tonight.” VMG co-CEOs Bruce Dixon and Hozefa Lokhandwala announced the layoffs in a memo obtained by Deadline on Thursday. In their memo, the two CEOs said they were pursuing staff cuts in “response to the current market conditions…


US Reliance on China Drops Amid Trump Tariffs, Disruptive Policies, Ethical Concerns

American dependence on imports from China has significantly diminished in recent years. Companies are scrambling to redirect their supply chains elsewhere to avoid unpredictable policy changes by the communist regime, tariffs imposed on China in 2018, and backlash over human rights violations. February imports from China came in below $31 billion, the lowest since 2006,…