© AFP 2022
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Donald Trump faced having assets seized in a humiliating blow to his carefully cultivated image as a self-made tycoon as his lawyers acknowledged Monday he doesn't have the cash to appeal a $464 million fine for fraudulently inflating his wealth.
Indian-owned Tata Steel UK said Monday that it would shut down coke ovens at its Port Talbot steelworks in south Wales starting this week -- months earlier than previously announced. Tata had said in January that it was planning to shut the coke ovens and two high-emission blast furnaces in Port Talbot, the biggest steelworks in the UK, leading to the loss of up to 2,800 jobs in the Welsh town.
A majority of justices on the US Supreme Court appeared skeptical on Monday of efforts to impose restrictions on federal government efforts to curb misinformation online. Representing the Justice Department in the Supreme Court on Monday, Principal Deputy Solicitor General Brian Fletcher said there is a "fundamental distinction between persuasion and coercion."
Organizers of the Apex Legends Global Series eSports tournament have postponed an event after two competitors appeared to be hacked while playing separate games during the North American finals. "Due to the competitive integrity of this series being compromised, we have made the decision to postpone the NA (North American) finals at this time.
United Airlines is redoubling safety training following a number of incidents in recent weeks, the company's chief executive told customers Monday. United has experienced "a number of incidents" that are "unrelated" but serve as "reminders of the importance of safety," Chief Executive Scott Kirby said in an email to customers.
The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender announced Monday. "Over the coming three years, the World Bank Group intends to provide more than US$6 billion of support to Egypt," the development lender said in a statement.
The US Supreme Court was hearing arguments on Monday in a social media case involving free speech rights and government efforts to curb misinformation online. The case stems from a lawsuit brought by the Republican attorneys general of Louisiana and Missouri, who allege that government officials went too far in their efforts to get platforms to combat vaccine and election misinformation.
The EU and Switzerland formally kicked off negotiations to deepen ties between the trade partners on Monday despite objections from the Alpine country's main political party. The EU is Switzerland's first trading partner, while Switzerland is the fourth largest trading partner for the bloc.
As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app -- and its 'secret sauce' algorithm -- will be clear: Hands off. - 'The secret sauce' - That ByteDance algorithm has helped drive TikTok's stratospheric success since the app was launched for the international market in 2017.
© AFP 2022
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