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December 22, 2025
  • Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
  • Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
  • Exxon boosts forecast, aims for $25 billion earnings growth by 2030
  • Trump to issue order creating national AI rule
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South Korea fines Google, Meta over privacy violations

The Cheap Investor3 years ago3 years ago03 mins

SEOUL, South Korea (AP) — South Korea’s privacy watchdog has fined Google and Meta a combined 100 billion won ($72 million) for tracking consumers’ online behavior without their consent and using their data for targeted advertisements. South Korea’s Personal Information and Protection Commission said it fined Google 69.2 billion won ($50 million) and Meta 30.8…

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As monkeypox drops in the West, still no vaccines for Africa

The Cheap Investor3 years ago3 years ago05 mins

ABUJA, Nigeria (AP) — With monkeypox cases subsiding in Europe and parts of North America, many scientists say now is the time to prioritize stopping the virus in Africa. In July, the U.N. health agency designated monkeypox as a global emergency and appealed to the world to support African countries so that the catastrophic vaccine…

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Energy crisis: EU chief wants to tap excess producer profits

The Cheap Investor3 years ago3 years ago04 mins

BRUSSELS (AP) — A top European Union official unveiled a plan Wednesday to cap the revenue of electricity producers that are making extraordinary profits because of the effects of Russia’s war in Ukraine and climate change, saying the proposal could raise $140 billion to help people hit by spiraling energy prices. It’s one of several…

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EU court largely upholds $4B Google Android antitrust fine

The Cheap Investor3 years ago3 years ago03 mins

LONDON (AP) — A top court largely rejected Google’s appeal of a record European Union antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. It marks another win for EU regulators taking a global lead in controlling the power of big tech companies. The European…

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Asian shares mostly higher after wobbly gains on Wall St

The Cheap Investor3 years ago3 years ago04 mins

Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street. U.S. futures inched up while oil prices were mixed. Shanghai’s benchmark lost 1% to 3,204.93 after China’s central bank left its benchmark lending rate unchanged. While other major economies are raising rates to cool inflation,…

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Driven by consumers, US inflation grows more persistent

The Cheap Investor3 years ago3 years ago06 mins

WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession. Some of the longtime drivers of higher inflation — spiking gas prices, supply chain snarls, soaring used-car…

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China keeps West guessing about economic pressure on Russia

The Cheap Investor3 years ago3 years ago06 mins

BEIJING (AP) — Chinese leader Xi Jinping is keeping the West guessing about whether Beijing will cooperate with tougher sanctions on Russia as he meets President Vladimir Putin a year after declaring they had a “no limits” friendship ahead of the Kremlin’s invasion of Ukraine. China has avoided violating sanctions but its purchases of Russian…

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Eiffel Tower to go dark earlier as Paris saves energy

The Cheap Investor3 years ago3 years ago02 mins

PARIS (AP) — Lights on the Eiffel Tower will soon be turned off more than an hour earlier at night to save electricity, the Paris mayor announced Tuesday, as Russia’s war in Ukraine deepens an energy crisis in Europe. Mayor Anne Hidalgo said the iconic tower that is normally illuminated until 1 a.m. is only…

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Starbucks to revamp stores to speed service, boost morale

The Cheap Investor3 years ago3 years ago04 mins

Starbucks __ ringing up record sales but struggling with low employee morale __ plans to spend $450 million next year to make its North American stores more efficient and less complex. The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing…

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Whistleblower: China, India had agents working for Twitter

The Cheap Investor3 years ago3 years ago07 mins

WASHINGTON (AP) — Twitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll and that the company knowingly allowed India to add agents to the company roster as well, potentially giving those nations access to sensitive data about users. These were some of the troubling…

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