Australia’s plan to ban children from social media proves popular and problematic

MELBOURNE, Australia — How do you remove children from the harms of social media? Politically the answer appears simple in Australia, but practically the solution could be far more difficult. The Australian government’s plan to ban children from social media platforms including X, TikTok, Facebook and Instagram until their 16th birthdays is politically popular. The…

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

FRANKFURT, Germany — Europe’s economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union’s executive commission said Friday. The bloc’s economy remains at risk from protectionist moves by major trading partners, the report said. U.S….

Company announces nearly $712 million project in Kentucky to make batteries used to store energy

FRANKFORT, Ky. — A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy, a process seen as increasingly important to help secure a reliable electric grid for the country, officials said Friday. The Shelbyville Battery Manufacturing plant will employ 1,572 workers once the…

Austria says Russia’s Gazprom will cut off natural gas supply this weekend

VIENNA — Russia’s state-owned natural gas company Gazprom will cut off supplies to Austria’s OMV utility early Saturday, Austria’s chancellor said, adding that his country’s underground gas storage was full and that it had alternative, non-Russia supplies. The cutoff follows OMV’s announcement that it would stop paying for Gazprom gas to its Austrian arm to…

What is Bluesky, the fast-growing social platform welcoming fleeing X users?

SAN FRANCISCO — Disgruntled X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a…

President of Kentucky plant that exploded says it is ‘accountable’ for neighborhood damages

LOUISVILLE, Ky. — The president of a Kentucky plant that exploded earlier this week said the company is accountable for the accident and will pay damages to residents affected by the blast. “First and foremost, we are devastated by the accident that happened on Tuesday,” said Ann Leonard, president of Givaudan Sense Color, during a…

Moody’s downgrades Mexican government’s outlook to ‘negative’ over weakening of judiciary and debt

MEXICO CITY — Mexico’s president lashed out Friday at Moody’s ratings service, after it downgraded the Mexican government’s debt outlook to “negative.” Moody’s said it had downgraded the government’s debt outlook from “stable” to “negative” because newly approved laws in Mexico could weaken the judiciary branch and checks and balances. It reaffirmed Mexico’s Baa2 overall…

Trump names Interior-designee Doug Burgum to head new White House council on energy

WASHINGTON — President-elect Donald Trump announced Friday that North Dakota Gov. Doug Burgum, his choice to head the Interior Department, will also lead a newly created National Energy Council that will seek to establish U.S. “energy dominance” around the world. Burgum, in his new role, will oversee a panel that crosses all executive branch agencies…

Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO

Business & FinanceEconomy 19 August 2024, 8:25 pm 1 minute Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The…

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