AFP
13876 articles published since 08 Mar 2022
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Latest US Takata death prompts dire warning on some 2003 trucks
Stellantis urged owners of thousands of 2003 Dodge Ram pickups to "immediately stop" driving the vehicles if their Takata airbags have not been replaced, the company said Tuesday. "NHTSA is urging ALL vehicle owners to immediately check to see if their vehicle has an open Takata air bag recall," the agency said.
Bank of America ordered to pay $250 mn for consumer violations
US regulators ordered Bank of America to pay $250 million in fines and restitution for unfair fees and other banking violations that harmed consumers, authorities said Tuesday. Under the orders, Bank of America will pay $90 million in penalties to the CFPB, $60 million in fines to the Office of the Comptroller of the Currency and $100 million in customer restitution.
Europe's largest casino opens in Cyprus
The largest casino resort in Europe opened on the east Mediterranean island of Cyprus on Tuesday, with the authorities hoping it will attract an extra high-spending 300,000 tourists annually. "This resort is the largest of its kind in Europe," he said.
Microsoft-Activision deal back on track after US court win
A US federal judge on Tuesday resurrected Microsoft's $69 billion buyout of video gaming giant Activision Blizzard by refusing to allow the temporary suspension of the long delayed deal.
UK postal workers call off strikes
Postal workers at the UK's Royal Mail on Tuesday accepted a new pay deal to end a costly series of strikes. The Communication Workers Union (CWU) held a ballot, with 76 percent voting to end the dispute, which saw over 115,000 workers take 18 days of strike action in the final quarter of 2022.
Stock markets rise on China support, pound rallies
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.
UK unemployment climbs as inflation weighs on economy
UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation. The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement.
'Meta loses more': Zuckerberg takes Threads fight to EU
US tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight. But either way, the rest of the big tech platforms will be glued to their screens as this fight could shape the future regulatory landscape in Europe for all of them.
Twitter better for 'freedom of speech', says senior Afghan Taliban official
Twitter owner Elon Musk's freewheeling approach to the platform's handling of censorship has won support from an unlikely quarter -- Afghanistan's Taliban. Meta -- owner of Facebook, Instagram, WhatsApp and now Threads -- is still actively shutting down accounts associated with the Taliban.
AFP
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