General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business. The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since…
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Fox Corp. is finally getting into the direct-to-consumer streaming game. The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the…
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Business
Disney tops quarterly profit estimates but starts to lose Disney+ streaming subscribers
by adminDisney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a…
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Business
Mattel says Barbies and Hot Wheels could soon get more expensive under Trump’s tariffs
by adminMattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday. The toy giant, which manufactures about 40% of its toys in China and…
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At least five people have been shot at a school in the city of Örebro, central Sweden, according to police who said the danger was not over. Swedish police said Tuesday an operation is “ongoing”…
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World News
South Africa’s Ramaphosa speaks to Elon Musk about ‘misinformation,’ presidency says
by adminSouth African President Cyril Ramaphosa spoke to Elon Musk “on issues of misinformation and distortions about South Africa,” the presidency announced on Tuesday. “In the process, the President reiterated South Africa’s constitutionally embedded values of…
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World News
‘I don’t think the world is getting the best talent’: Meet the woman recruiting the next generation of ‘risk-takers’
by adminIn the US, just 19% of all venture capital (VC) investment partners — the people who write the cheques investing in entrepreneurs — are women; in Europe, a 2023 report found that number to be…
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World News
Thailand cuts power to Myanmar border areas home to scam compounds as Chinese pressure builds
by adminThailand cut electricity supplies on Wednesday to several areas in neighboring Myanmar that are home to sites at the center of a global, billion-dollar online scam industry. As of Wednesday afternoon, at least one of…
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The Taliban suspended the operation of Afghanistan’s only women’s radio station after raiding its premises on Tuesday, deepening the exclusion of women from public life and society since the group took power in 2021. Kabul-based…
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World News
How the US foreign aid freeze is intensifying humanitarian crises across the globe
by adminFood distribution is being stopped. Health services are being shut down. Lifesaving aid is being tied up, with no way to disburse it. These aren’t warnings of what’s to come, but examples of what aid…
