European Union accuses Facebook and Instagram owner Meta of breaking bloc's digital rules with paid ad free option
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MarketWatch - Business
What Meta and Jackson Pollock have in common — and why that matters to investors
Meta’s big-spending ways may seem “akin to throwing a bunch of paint at a canvas,” but a Bernstein analyst sees a more positive perspective as well. -
Inc. - Business
Meta Dives Into 3D Graphics With its New AI Chatbot Tool
As AI offers an assist for almost everything you can do on a computer, the new Meta offeringmay helpyour company create3D imagery for ad content, or help visualize new product concepts.Meta -
VentureBeat - Tech
Meta AI develops compact language model for mobile devices
Key innovations in Meta's MobileLLM include prioritizing model depth over width, implementing embedding sharing and grouped-query attention and utilizing a novel immediate block-wise weight-sharing technique.Meta -
Financial Times - Business
Growth stalls at Elon Musk’s X
Social media group suffers slowdown as billionaire divides audiences and Mark Zuckerberg launches rival platformElon Musk -
Inc. - Business
An Ex-Facebook VP Warned Against Using This Common 3-Word Phrase at Work. I Don’t Agree.
The ability to disagree is vital to any healthy relationship. Here's why you should be direct--and how you can do so respectfully. -
The Wall Street Journal - World
Canada Enacts Digital-Services Tax Amid Risks of U.S. Trade Retaliation
Canada authorized the implementation of a digital-services tax, a move that threatens to trigger trade retaliation from Congress and the Biden administration. -
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The Hill - Politics
CNN cutting jobs, launching first digital subscription product
CNN plans to cut scores of jobs as it goes through a major restructuring of its news-gathering operation and launches a digital subscription product later this year. "CNN is one of the world’s most successful multi-platform global news brands, but ... -
The New York Times - Business
CNN Cuts 100 Jobs, and Announces Plan for Digital Subscription Product
The network’s C.E.O., Mark Thompson, has promised a more robust digital strategy as people flee traditional cable packages. -
Los Angeles Times - Entertainment
CNN to cut 100 jobs as it prepares to launch digital subscription products
CNN Chief Executive Mark Thompson attempts to prepare the Warner Bros. Discovery-owned news channel for a post-cable TV future. -
The Wall Street Journal - World
Saks Owner to Buy Neiman Marcus, With Help From Amazon
Retail rivals strike a $2.65 billion merger as they seek to gain scale against luxury brands. -
The New York Times - Business
Saks Acquires Neiman Marcus
The deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape the retail landscape. -
CBS News - Top stories
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus. -
The New York Times - Business
Meet David Ellison, the CEO of Skydance and Paramount’s New Owner
He left college to try out acting. Now, he’s set to become one of the most powerful people in Hollywood. -
CBS News - Top stories
Paramount Global, owner of CBS News, to merge with Skydance Media
Paramount Global, the owner of CBS News, has made a multibillion-dollar deal to merge with the film production company Skydance Media. To make that possible, Skydance is buying another company, National Amusements, controlled by Shari Redstone, ... -
NBC News - Top stories
Paramount merger sparks concern among movie theater owners
Paramount Global, the company behind "Top Gun" and Nickelodeon, agreed to merge with David Ellison's Skydance. -
Financial Times - World
FirstFT: Paramount’s new owner outlines vision for storied Hollywood studio
Also in today’s newsletter, Biden’s aggressive fightback, and lawyers face off with Tesla over pay deal -
Inc. - Business
Do Business Owners Think Biden Should Step Down?
President Joe Biden is doubling down on his re-election efforts after his startling debate performance against Donald Trump.Joe Biden -
MarketWatch - Business
7-Eleven owner posts profit drop on weak North American earnings
Seven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor in the U.S. -
The New York Times - Top stories
Biden Awards Medal of Honor to 2 Union Soldiers
Family members of Pvt. Philip G. Shadrach and Pvt. George D. Wilson received the nation’s highest decoration for combat valor.Joe Biden -
The Guardian - World
Australia 25-16 Wales: rugby union international – live
Updates: 10.45am kick-off BST, 7.45pm local in SydneyGet in touch: you can email Daniel with your thoughtsTime for the anthems now…. Australia have not won at this ground IN A DECADE! Continue reading...Australia -
BBC News - Top stories
UK Amazon staff in protests over union recognition
The action coincides with a ballot to "force Amazon to recognise a union for the first time", GMB says.United Kingdom -
The Wall Street Journal - Tech
Samsung Electronics Union Launches Indefinite Strike
The union is citing management’s unwillingness to talk to union leaders. -
The New York Times - Business
Samsung Union Workers Launch Indefinite Strike
The tech giant’s largest union escalated its dispute with management after failing to reach an agreement over pay and working policies. -
BBC News - Top stories
Rail pay dispute will spread across Scotland - union
It comes as ScotRail services are slashed as part of an emergency timetable after drivers refused to work on their days off. -
The Hill - Politics
Amazon workers in UK vote in historic union campaign
Amazon workers at a facility in the United Kingdom are voting this week on whether to join a union, marking the first time the tech giant has faced a union vote in Europe. The vote is among workers at a fulfillment center in Coventry who are ...United Kingdom -
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Financial Times - World
European central bankers warn of risks to region’s economy
ECB policymakers view French elections as sign of a broader shift in a more populist, protectionist and turbulent directionEurope -
The Wall Street Journal - World
Hurricane Beryl Shouldn't Pose Threat to Specialty Insurers' Full-Year Targets
Potential Hurricane Beryl losses shouldn’t threaten European specialty insurers’ and reinsurers’ full-year targets, though it is still too soon to tell, RBC Capital Markets said. -
The Wall Street Journal - World
Euro Corporate Bond Supply Expected to Decline in Second Half of 2024
Rising geopolitical concerns and the upcoming U.S. elections are likely to limit issuance of euro-denominated corporate bonds in the second half, ING said. -
The Wall Street Journal - World
European and Asian Stocks Gain; Bitcoin Falls
Global stocks rose, while U.S. index futures were mixed, after the S&P 500 and the Nasdaq Composite closed at record highs in the previous session.Crypto -
Financial Times - World
In European banking, Piigs can still fly
Lenders that investors once deemed untouchable are suddenly back in vogue -
Financial Times - World
Botched coup attempt in Bolivia highlights deepening political dysfunction
Feuding factions point fingers after last week’s failed plot that further exposed the country’s troubles -
Financial Times - World
What Starmer’s clean energy strategy means for investors
Incoming UK government has made low-carbon growth an organising principle -
Financial Times - World
Inside the mind of a Nimby
They are widely derided, but deep down isn’t everyone a Nimby? And shouldn’t we try to understand why people fear change close to home? -
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ESPN - Sports
Man Utd, City cleared to play European football
Manchester City and Manchester United have been cleared to take part in European competition next season by UEFA's Club Financial Control Body. -
The Wall Street Journal - Business
The Mission for Europe's New Rocket: Challenge SpaceX
After years of delays, Europe is preparing to test launch a new rocket that officials hope will help reduce the region’s reliance on Elon Musk. -
BBC News - Top stories
Stately home set to close to host European leaders
About 50 leaders from across Europe are due to attend a meeting hosted by Prime Minister Sir Keir Starmer. -