Biden's proposed $8 cap on credit card late fees aims to relieve consumer burden, but the industry warns of potential interest rate hikes and unintended consequences.
Sectors
Turkish Oil Terminal Abandons Russian Oil Imports Amid Broadening US Sanctions
The Dortyol oil terminal on Turkey's Mediterranean coast has stopped accepting Russian imports amid pressure from US sanctions.
Meta Is Developing a Giant AI Model to Power Its 'Video Ecosystem' Across Its Platforms, Including Facebook
Meta is developing an AI system to power its video recommendation engine across all its platforms, including Facebook.
Starbucks to Lay off Thousands of Workers in Middle East After Being Hit by Boycott Campaign Relating to Israel-Hamas War
Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.
Apple Terminates Epic Games' Developer Account in Europe in Retaliation Over 'Fortnite' Maker's Lawsuits, Tim Sweeney Says
Apple has terminated Epic Games' developer account launched in an app store for iPhones in Europe, according to Epic Games CEO Tim Sweeney.
Latest News
The Dutch government has initiated talks with ASML to thwart potential relocation amid concerns over anti-immigration policies, highlighting the Netherlands' economic and regulatory challenges.
TikTok launched new programs to help creators navigate the platform and upload creative content while being paid.
Abu Dhabi's Etihad Airways is eyeing an Initial Public Offering (IPO) after a revenue surge and passenger boost in 2023. The CEO confirms readiness amid industry challenges.
The program called Target Circle 360 is priced at $99 per year, with early sign-up discounts, offering perks like free same-day delivery for orders over $35.
Russia and China are planning to build a nuclear power plant on the moon by 2035. Russia's Roscosmos space agency chief, Yuri Borisov, said on Tuesday that Russia and China are planning to build a nuclear power plant on the moon by 2035.
OpenAI has issued a public rebuttal to the lawsuit filed by Elon Musk against the company by releasing a series of emails showing the tech billionaire's support for the firm's plan to raise more money.
Accenture has announced its plan to acquire the EdTech startup Udacity. Accenture has announced its plan to acquire the EdTech startup Udacity to bolster its educational offerings in response to the growing demand for AI-focused learning resources.
TikTok has revealed that its updated creator fund boosted total creator revenue by more than 250%. TikTok has revealed that its updated creator fund significantly boosted total creator revenue by more than 250% within the past six months.
Elon Musk, one of the world's richest men, reportedly met with former President Donald Trump on Sunday in Palm Beach, Florida, along with some unnamed wealthy Republican donors.
