Amazon’s Federal Trade Commission (FTC) trial has been delayed until at least September due to severe resource shortages, according to an attorney representing the commission. The delay is attributed to cost-cutting measures implemented under President Donald Trump’s administration, which have resulted in staff layoffs and reduced hiring. The FTC alleges that Amazon misled consumers through … Read more
The Bank of Canada considered keeping interest rates at 3% before ultimately deciding to cut them for the seventh consecutive time, Governor Tiff Macklem said in an interview. The central bank trimmed its key policy rate by 25 basis points to 2.75%, citing concerns about inflationary pressures and weaker growth due to trade uncertainty and … Read more
Niantic, the company behind popular game ‘Pokémon Go’, is selling its video-game division to Saudi Arabia-owned Scopely for $3.5 billion. The deal marks a shift in focus for Niantic, which has struggled to replicate the success of ‘Pokémon Go’ since its 2016 release. Scopely’s purchase of Niantic will also help advance Saudi Arabia’s ambitions to … Read more
European markets rallied after German Chancellor-in-waiting Friedrich Merz announced plans to ditch Germany’s debt brake, sparking a shift in the country’s fiscal policy. The move has raised hopes of unlimited borrowing to fund Europe’s defense, as seen by EU leaders in their push for “ReArm Europe.” President Ursula von der Leyen suggested mobilizing up to … Read more
Meta, the social media giant, is facing a copyright infringement lawsuit over its use of a pirated book dataset to train its AI models. The authors of the copyrighted works claim that the company’s decision to torrent terabytes of pirated books was unlawful and constitutes direct copyright infringement. The lawsuit argues that Meta knew that … Read more
Senate Democratic leader Chuck Schumer has announced that his party will block a Republican spending bill aimed at averting a government shutdown. Instead, Schumer urged the GOP to accept a Democratic plan providing funding through April 11. The move has raised stakes in the ongoing dispute between congressional Republicans and Democrats, increasing the risk of … Read more
Paediatricians have warned that children under eight should avoid drinking slushies containing glycerol, following a review of medical notes from 21 cases where young children became severely ill after consuming the drink. The study found that the children developed symptoms such as low blood sugar and decreased consciousness due to glycerol intoxication syndrome. Glycerol is … Read more
Late-night talk shows are struggling, with ratings down across the board. Shows like Late Night With Seth Meyers and The Tonight Show Starring Jimmy Fallon have been forced to make cuts in production due to NBC’s budget trimming. Meanwhile, celebrities are shifting their attention to YouTube for more casual content. Enter John Mulaney, who is … Read more
Five major steel industry organizations have endorsed President Trump’s plan to restore tariffs on imported steel, citing a need for “a level playing field” for American producers and workers. The groups, representing the American iron and steel sector, argue that comprehensive tariffs initially imposed in 2018 helped restart idled mills, rehire laid-off workers, and invest … Read more
Philippine former President Rodrigo Duterte is now in the custody of the International Criminal Court (ICC) after his arrest in connection with his deadly war on drugs during his presidency. The ICC’s Office of the Prosecutor has confirmed that there are “reasonable grounds” to believe that Duterte bears criminal responsibility for the crime against humanity … Read more