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EU Forces TikTok to Comply with New Digital Market Laws

EU Forces TikTok to Comply with New Digital Market Laws

ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.


Charles III Reads Labour's Economic Plans in UK's State Opening of Parliament

Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.

UK Inflation Holds Steady at 2%, Taylor Swift's 'Eras Tour' Seen as Possible Factor

The Bank of England is conflicted on whether to cut interest rates next month after inflation held steady at 2%, potentially influenced by Taylor Swift's Eras Tour.

Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent

Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.


Latest News

NBA Star LeBron James Partners with Canyon to Inspire New Generation of Cyclists
Canyon Bicycles announced its collaboration with NBA star LeBron James and several other riders to promote its line of bicycles and inspire the next generation of cyclists regardless of terrain and preferences.
Craig Wright, Who Claims to Invent Bitcoin Receives Perjury Charges from UK Prosecutors
Craig Wright, an Australian who claims to be Bitcoin's inventor, has been referred to UK prosecutors for alleged perjury after a judge found he may have forged documents to support his claim of being Satoshi Nakamoto.
Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses
Chinese state-backed financial companies in Hong Kong demand employees to return portions of their bonuses, aligning with President Xi Jinping’s ‘common prosperity’ plan to reduce income inequality.
Poland Inches Into War Footing as it Allots 5% of 2025 GDP on Defense
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
Disney's Internal Messages Hacked by Artist Rights Groups to Protest AI Concerns
Hacktivist group Nullbulge claimed responsibility for Disney's data breach, which involved leaked internal messages advocating artists' rights amid criticism of Disney's AI use and artist contracts.
Landlords No Longer Allowed to Increase Rents By More Than 5% Under Biden's New Policy
President Biden proposes a 5% cap on annual rent increases for large landlords to address housing costs and stabilize rents amid inflation concerns.
Business Executives Divided Over Trump Picking JD Vance as VP Running Mate
Republican Party presidential candidate Donald Trump announced on the first day of the Republican National Convention Monday (July 15) that he has chosen first-term Ohio senator JD Vance as his vice-presidential running mate, triggering reactions from business executives across multiple sectors.
Bolivia Discovers 1.7 Trillion Cubic Meter Natural Gas Reserve, Promising $6.8 Billion to its Economy
Bolivia's President, Luis Arce, announced the discovery of a massive natural gas field, Mayaya X-1, estimated to hold 1.7 trillion cubic meters of gas, offering a potential $6.8 billion market value to boost the nation's struggling economy.
Chinese EV Makers to Dominate 70% of Market by 2030 Despite EU and US Tariffs
Foreign carmakers in China face increasing challenges in the EV market. Chinese EV makers are expected to occupy 70% of the EV market by 2030 while facing increasing EU and US tariffs.
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.