President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two nations.

Microsoft's Xbox division is preparing for further job cuts to align with ongoing restructuring efforts to optimize its gaming subsidiaries following massive acquisitions and cost-cutting initiatives.

Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.

Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.

TikTok introduces a new feature to automatically label artificial intelligence-generated content (AIGC) with guidance from experts and collaboration with OpenAI through its recent membership in the Coalition for Content Provenance and Authenticity (C2PA).

A FedEx Airlines Boeing 767 cargo plane landed in Istanbul without its front landing gear, sparking an ongoing investigation, which adds to Boeing's multiple aircraft incidents in 2024 alone.

Google employees express concerns over management decisions and treatment, citing issues such as stagnant compensation, lack of transparency in cost-cutting measures, and job security worries despite Google's soaring market value.

The Department of Justice (DOJ) will investigate Tesla's self-driving claims for potential securities or wire fraud, with allegations of misleading investors and consumers as reports of crashes involving Teslas equipped with Autopilot pile up.

Pfizer has agreed to settle over 10,000 lawsuits concerning its Zantac heartburn medication after it was found that a cancer risk was not disclosed.

Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.

Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.

A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.

Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and strategic alignment with CAPGC.

French cognac makers saw their stocks surge after President Emmanuel Macron hinted at easing trade tensions with China.

Microsoft's Xbox is closing four gaming subsidiaries, including Arkane Austin, due to disappointing sales, although specific job losses weren't disclosed.

Disney is taking action against password sharing on its streaming platforms to boost profits, with plans for a global rollout by September, which aligns with Netflix's strategy that has led to increased subscribers.

Billionaire investor Stanley Druckenmiller expresses dissatisfaction with the Biden Administration's economic policies, criticizing Treasury Secretary Yellen and Fed Chair Powell and blaming rising inflation on government spending.

Young employees do not want to work in 20 states with Abortion bans, according to a survey with respondents aged 18-34 years old.

Olive oil costs are still rising, so consumers should prepare for more increases. Olive oil prices are expected to exceed £16 per liter ($21).

WatchFund, led by Dominic Khoo, has been ordered by a Hong Kong court to repurchase luxury watches worth $2.5 million following breaches of contract with five investors.

Robinhood received a warning from the Securities and Exchange Commission regarding potential legal action over its cryptocurrency operations. This signals regulatory scrutiny, focusing on alleged violations of Sections 15a and 17a of the Securities Exchange Act of 1934.

Foxconn reports its highest-ever April revenue surge, with a nearly one-fifth increase compared to last year, driven partly by strong iPhone demand and diversification efforts.

A cybersecurity group led by Justine Bone, known as Crypto ISAC, will now be in motion to prevent crypto hacking and other malicious activities, providing greater confidence to investors and users.

General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.

A man in China ran a modus operandi using 4,600 phones to fake live-stream viewer counts, earning $415,000 in less than four months.

Google DeepMind's breakthrough with AlphaFold in 2021 could accelerate drug discovery through generative algorithms, potentially saving up to $300 million in costs and improving success rates in clinical trials.

Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness.

Israel PM Benjamin Netanyahu's cabinet voted to cease all operations of Al Jazeera in the country, due to security concerns, until the end of major military operations in Gaza.

Recent visits by tech giants like Apple and Microsoft signal Indonesia as a prime destination for significant tech investments fueled by its growing digital economy and abundant natural resources.

Red Lobster, which used to be a seafood giant, is on the brink of bankruptcy due to managerial missteps that started in 2003 with no recovery decades later.