WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Meta’s Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors’ data. Specifically, the FTC said Facebook misled parents about how much control they had over who their children…
(Reuters) – Ford Motor Co is facing another production snag building its popular F-150 pickup trucks due to missing door handles, according to a source familiar with the matter. The automaker is working to resolve the issue, the source said on Wednesday, adding that some vehicles have been parked until the proper handle can be…
WASHINGTON (Reuters) – The United States said Wednesday it would send a new military aid package for Ukraine worth $300 million, including for the first time the Hydra-70 short-range. air-launched rocket, taken from U.S. excess stocks. The security assistance package would be the 37th approved by the United States for Ukraine since Russian invaded its…
By Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Private equity house EQT is weighing options including a possible initial public offering (IPO) for LimaCorporate, the Italian medical devices group it acquired in 2016, people familiar with the matter told Reuters on Wednesday. The buyout firm has been discreetly sounding out investment banks for…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy. Brent futures settled $2.99 lower, or 4%, to $72.33 a barrel, the global benchmark’s lowest close since December 2021. Brent hit…
(Reuters) – TikTok said on Wednesday it is launching a product that well let advertisers place ads alongside content produced by premium publishers, half of the ad revenue from which will be shared with those publishers. The social media platform said brands including Buzzfeed, DotDash Meredith, NBCUniversal, UFC and WWE will be the first to…
(Reuters) – Here’s a look at what we know about the alleged overnight drone attack on the Kremlin, and the questions it raises. WHAT HAPPENED? Two of the numerous videos published on Russian social media channels show two objects flying on the same trajectory towards one of the highest points in the Kremlin complex, the…
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday adopted new disclosure rules for hedge fund and private equity fund advisors aimed at increasing transparency, competition, and efficiency in the $25-trillion marketplace. The rule-making updates Form PF, which was put in place following the financial crisis of 2008-2009 to…
WASHINGTON (Reuters) – Senate Majority Leader Chuck Schumer said senators will consider legislation to bolster the Biden administration’s ability to crackdown on popular video sharing app TikTok as they craft wide-ranging legislation to address Chinese threats. In March, Senators Mark Warner and John Thune joined by 24 other senators proposed the Restrict Act to grant…
COPENHAGEN (Reuters) – Danish brewer Carlsberg has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more than a decade ago. It said it refuted the allegations but had settled in order to focus on its core business of brewing beer….
