A social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law. The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. … Read more
People walk along the Chatelet Les Halles area of Paris during the snowfall of Storm Caetano. Sopa Images | Lightrocket | Getty Images France’s brewing political crisis is spilling into financial markets with the country’s borrowing costs hitting the same level as debt-ridden Greece’s for the first time on record Thursday. The spread — the … Read more
The container ship Gunde Maersk docked at the Port of Oakland on June 24, 2024, in Oakland, California. Justin Sullivan | Getty Images SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel in the Southeast Asian country on Thursday as the industry ramps up decarbonization efforts. The newly named A.P. … Read more
Polling station in Ireland. Kinga Krzeminska | Moment | Getty Images Ireland goes to the polls on Nov. 29, with center-right parties Fianna Fáil and Fine Gael once again expected to form the nucleus of the country’s next government. The historical rivals have shared power over the last five years alongside the Green Party, and … Read more
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs. … Read more
As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process. Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024, falling to $65 billion after two years of … Read more
A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea on Thursday cut its benchmark interest rate by 25 basis points in a surprise move, as the country strives to boost its economy amid growth concerns. This … Read more
The Seoul skyline at sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets traded mostly higher on Thursday after Wall Street rally stalled overnight and as investors assessed a surprise interest rate cut by South Korea. The Bank of Korea unexpectedly cut its benchmark interest rate by 25 basis points to 3.0%. Market watchers … Read more
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering … Read more
UK consumer confidence ‘remains weak,’ retail trade group says Shoppers visit York Christmas Market ahead of Black Friday on November 25, 2024 in York, England. Ian Forsyth | Getty Images News | Getty Images U.K. consumer confidence remains weak in the aftermath of the Labour government’s landmark first budget in October, according to a November … Read more