Business

Meta has lowered the price of its ad-free subscription services for Facebook and Instagram by 40 percent for users in the European Union, aiming to align with regional regulatory requirements. According to a CNBC report, the company will also allow EU users to access Facebook and Instagram for free if they agree to view ads based on a reduced set …

On November 11, Japanese Prime Minister Shigeru Ishiba announced a $65 billion initiative to strengthen Japan’s chip and artificial intelligence (AI) industries through subsidies and financial incentives, as reported by Reuters.   Purpose of the Initiative The plan, valued at over 10 trillion yen ($65 billion) through fiscal 2030, aims to bolster Japan’s control over its semiconductor supply chain amidst …

Canadian Prime Minister Justin Trudeau has warned that imposing tariffs or trade barriers on Canadian goods would not only damage Canada’s economy but also negatively impact American workers and jobs, as detailed in a Bloomberg report. Speaking at a press conference in Vancouver, Trudeau highlighted the deep economic integration between Canada and the United States, emphasizing their closely linked supply …

Robert Lighthizer is reportedly being considered for a return as United States Trade Representative following Donald Trump’s victory in the 2024 presidential election, according to the Financial Times. Previously, during Trump’s first term, Lighthizer served as the US Trade Representative, playing a major role in the trade dispute with China and implementing the country’s tariff strategies. He was a key …

China initiated a new round of fiscal measures on Friday to ease debt pressures on local governments and support its struggling economy. Finance Minister Lan Foan hinted at further stimulus measures in the near future. The Chinese economy, the second-largest in the world, has faced significant challenges over the past year, including weak demand, deflationary trends, a property sector crisis, …

Facebook, Instagram, Google, and YouTube are tightening controls on political ads to curb misinformation that could affect trust in the election results or provoke unrest. Last week, Meta began blocking new ads about U.S. social issues, elections, or politics across its platforms, including Facebook and Instagram, and recently extended this restriction. Google will also halt U.S. election-related ads after polls …

Over the last three years, Elon Musk has engaged frequently with world leaders, meeting with presidents, prime ministers, legislators, and political candidates globally. Some meetings, such as his visit with Israel’s Prime Minister Benjamin Netanyahu following controversy over an antisemitic post on X, have been highly publicized. Others, like his recent chat with Argentina’s President Javier Milei, have surfaced primarily …

G7 leaders have finalized the terms for a $50 billion loan to support Ukraine, financed through the profits from Russian assets frozen following the invasion, according to a statement on Friday. The Group of Seven nations announced they had reached an agreement on how to administer the loan, intending to start releasing funds by year-end. These funds are set to …