World

Meta, the parent company of Facebook, is facing a major investigation from the European Union over alleged breaches of the bloc’s strict online content law concerning child safety risks. The European Commission has expressed concerns about the potential impact of Meta’s Facebook and Instagram platforms on children’s behavioral addictions and privacy risks. The European Commission
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Alibaba, the Chinese e-commerce giant, faced a significant setback in its fiscal fourth quarter when its net profit took a nosedive. The company reported revenue of 221.9 billion yuan ($30.7 billion) compared to the LSEG consensus estimate of 219.66 billion yuan. However, net income attributable to ordinary shareholders plummeted by 86% year on year, causing
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The Asia-Pacific markets experienced a downturn on Monday as investors digested China’s latest inflation figures. China’s consumer price index rose by 0.3% year on year, surpassing expectations of a 0.2% increase. Conversely, the producer price index dropped by 2.5% year on year, exceeding the anticipated 2.3% decline. These numbers have significant implications for the region,
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In April, China saw a rise in consumer prices for the third consecutive month. This increase, coupled with a decline in producer prices, indicates a positive shift in domestic demand within the country. The data from the National Bureau of Statistics revealed that consumer prices edged up by 0.3% in April compared to the previous
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