AFP
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SK hynix posts record profits thanks to strong AI demand
South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring global demand for artificial intelligence, highlighting the firm's ability to weather mounting tariff threats.
Nintendo bullish on Switch 2 pre-sales in Japan
Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of its hotly anticipated Switch 2 console. An X post attributed to company president Shuntaro Furukawa published Wednesday said there had been 2.2 million pre-order applications for the new console in Japan.
12 US states sue over Trump's tariffs
A coalition of 12 American states filed a lawsuit Wednesday to challenge the Trump administration's tariffs, saying the president cannot institute the levies without the approval of Congress. In the lawsuit filed Wednesday, the states argue that the 1977 law invoked by Trump does not allow him to use emergency measures to impose tariffs, a power constitutionally reserved for Congress.
YouTube says more than 20 billion videos uploaded in 20 years
YouTube on Wednesday celebrated more than 20 billion videos being uploaded to the platform since the first clip debuted two decades ago. YouTube says that it now sees an average of some 20 million videos uploaded daily.
Trump seeks 'fair deal' with China but pathway unclear
US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing. Trump told reporters his country would have a "fair deal with China," adding that "everything's active" when asked if Washington was talking to Beijing.
Trump's popularity with US voters slumps in opinion polls
US President Donald Trump's popularity has sunk since his riotous return to the White House, polls showed Wednesday, with Americans criticizing him on key issues of the economy and immigration. Results also show Americans losing confidence in Trump's ability to handle key issues such as the economy.
US Treasury chief says IMF, World Bank must be 'fit for purpose'
The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues. "Economic stability and growth should be the markers of the IMF's success -- not how much money the institution lends out," he said.
200 French media groups sue Meta over 'unlawful' advertising: lawyers
Around 200 French media groups, including leading television channels and newspapers, are taking legal action against Meta, the owner of Facebook and Instagram, over its online advertising practices, their lawyers announced on Wednesday.
Boeing says China not accepting planes over US tariffs
Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. The aviation giant reported a loss of $123 million in the first quarter, smaller than the $343 million loss in the year-ago period.
AFP
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