Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday. The toy giant, which manufactures about 40% of its toys in China and less than 10% in Mexico, told analysts it will look to move around its supply chain to mitigate the effect of tariffs, but it is also ...
Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+, the company’s flagship service. While domestic subscriptions for the platform increased around 1%, international numbers declined around 2%. Disney ...
South African President Cyril Ramaphosa spoke to Elon Musk “on issues of misinformation and distortions about South Africa,” the presidency announced on Tuesday. “In the process, the President reiterated South Africa’s constitutionally embedded values of the respect for the rule of law, justice, fairness and equality,” it said. The presidency said the pair spoke on Monday, a day after US ...
At least five people have been shot at a school in the city of Örebro, central Sweden, according to police who said the danger was not over. Swedish police said Tuesday an operation is “ongoing” at the center, warning of a “suspected serious crime of violence.” The shooting occurred at the Risbergska school for adults at a campus where other ...
US President Donald Trump has said he wants access to Ukraine’s mineral deposits in exchange for future military aid that Kyiv needs as it continues to defend itself against Russia’s aggression. While the comment highlighted Trump’s transactional approach to the war in Ukraine, it was not entirely unexpected. The US and other Western countries have eyed Ukraine’s mineral riches for ...
Food distribution is being stopped. Health services are being shut down. Lifesaving aid is being tied up, with no way to disburse it. These aren’t warnings of what’s to come, but examples of what aid workers say is the fallout of the Trump administration’s freeze on foreign aid and the gutting of the United States Agency for International Development (USAID). ...
The Taliban suspended the operation of Afghanistan’s only women’s radio station after raiding its premises on Tuesday, deepening the exclusion of women from public life and society since the group took power in 2021. Kabul-based Radio Begum – a station run by women with content aimed at women’s education – said officers from the Taliban’s information and culture ministry restrained ...
Thailand cut electricity supplies on Wednesday to several areas in neighboring Myanmar that are home to sites at the center of a global, billion-dollar online scam industry. As of Wednesday afternoon, at least one of the scam compounds was still operating, according to a local NGO in contact with workers inside one location. However, it’s unclear whether the cuts impacted ...
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu addressed reporters at the White House Tuesday, during which the president laid out his plan for the US to “take over” Gaza, relocate Palestinians to neighboring countries, and redevelop the war-torn enclave into what he described as the “Riviera of the Middle East.” Trump’s shocking comments break with decades of US ...
By many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day. “Retirement is becoming more deprioritized,” said Michael Liersch, head of advice and planning at Wells Fargo. “Ten or 15 years ago that was always the number one goal,” he said. Now, “actually living one’s life in the moment is a bigger ...