Stocks saw a dramatic pullback — their third in as many trading days — as a confluence of factors including ongoing fears of an economic slowdown and repositioning on Wall Street sent shares tumbling. The Dow Jones Industrial Average dropped 1,034 points, or 2.6%. The Nasdaq Composite lost 3.4%, and the S&P 500 slid 3%. The blue-chip Dow and S&P 500 were on track for their ...
WICHITA FALLS, Tex. — Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. The company formerly known as Twitter filed the lawsuit Tuesday in a federal court in Texas against the World Federation of Advertisers and member companies Unilever, ...
A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. The court found that Google violated ...
Middle Eastern nations are bracing for the potential widening of the Israel-Hamas war amid threats by Iran to avenge the killing of Hamas’ political leader in Tehran last week. Iran’s Supreme Leader Ayatollah Ali Khamenei vowed to retaliate against Israel for the assassination of the head of Hamas’ political bureau Ismail Haniyeh in Tehran on Wednesday. The country’s Islamic Revolutionary Guard ...
Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Crowds of far-right agitators set fire to hotels housing asylum seekers, leaving those inside trapped and terrified, while throngs of rioters in other cities damaged ...
In 2016, facing the looming threat of layoffs, Nelly Agbogu took a bold leap into entrepreneurship. Launching Nellies Nigeria, a snack business, marked the beginning of her journey. However, it was the subsequent realization of a gap in the market that would truly shape her entrepreneurial path. “At the time, I was aware of a wave of layoffs happening within my company, ...
A United Nations investigation has found that nine employees from its main agency for Palestinian humanitarian relief, UNWRA, “may have” been involved in the October 7 attack and no longer work at the agency. UNRWA has 14,000 staff members in Gaza. The investigation was launched in January after Israel accused some UNRWA employees of participating in the attack that left ...
Venezuela’s Public Ministry has opened a criminal investigation into presidential candidate Edmundo González Urrutia and opposition leader María Corina Machado, the country’s Attorney General Tarek William Saab said in a statement on Monday. The Public Ministry said the investigation was sparked by the two opposition figures’ call for the military and police to stand “on the side of the people” ...
Prek Takeo, Cambodia — Cambodia broke ground Monday on a controversial, China-funded canal to link the capital Phnom Penh to the sea, despite environmental concerns and the risk of straining ties with neighboring Vietnam. The $1.7 billion, 180-kilometer (111 miles) Funan Techo canal is planned to connect the country’s capital with Kep province on Cambodia’s south coast, giving it access ...
Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. Glen Malcolm Conning, a pilot for Indonesian aviation company PT Intan Angkasa Air Service, was shot to death by gunmen allegedly with ...