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19588 articles published since 08 Mar 2022

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Hollywood giants sue Chinese AI firm over copyright infringement
Hollywood giants sue Chinese AI firm over copyright infringement
Economy

Top Hollywood studios filed a federal lawsuit Monday against Chinese artificial intelligence company MiniMax, alleging massive copyright infringement. "MiniMax operates Hailuo AI, a Chinese artificial intelligence image and video generating service that pirates and plunders Plaintiffs' copyrighted works on a massive scale," states the complaint filed in Los Angeles federal court.

Thyssenkrupp says India's Jindal Steel makes bid for steel business
Thyssenkrupp says India's Jindal Steel makes bid for steel business
Economy

India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan. It confirmed in a statement that it had received a "non-binding" offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe (TKSE).

US retail sales beat expectations in August despite tariffs
US retail sales beat expectations in August despite tariffs
Economy

Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite. A separate report Tuesday showed that industrial production rose 0.1 percent in August, reversing a 0.4 percent decline in July.

Europe slow to match economic rivals US, China: Draghi
Europe slow to match economic rivals US, China: Draghi
Economy

The European Union is "failing to match the speed of change" in the United States and China and must act urgently on economic reforms to avoid falling further behind, a key report's author said Tuesday. "They see us failing to match the speed of change elsewhere," said Draghi, a former Italian prime minister.

Protesting Peru residents block trains to Machu Picchu
Protesting Peru residents block trains to Machu Picchu
Economy

Train services to the Inca citadel of Machu Picchu, Peru's main tourist attraction, was suspended Monday as protesting residents placed logs and rocks on the tracks, police and PeruRail said. Residents are demanding that a new company be chosen to run the buses that ferry visitors from the Aguas Calientes train station at the foot of Machu Picchu, to the site itself.

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