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US accuses TikTok of violating children's privacy
The United States in a lawsuit on Friday accused TikTok of violating children's privacy by collecting data about them without their parents' permission when they use the app. The suit argues that since 2019 TikTok has allowed children to use the app, collecting and using personal data from young users without letting their parents know.
Coca-Cola says will appeal US tax court penalty worth $6 bn
Coca-Cola said Friday it plans to pay a tax penalty worth $6 billion while it pursues an appeal in a long-running dispute with the Internal Revenue Service. Coca-Cola's press release Friday did not give a timeframe for the $6 billion payments.
Delhi Capitals closing in on £120 million purchase of Hampshire - reports
The owners of the Delhi Capitals are eyeing a £120 million ($153 million) deal to buy Hampshire County Cricket Club in a move which would see them become the first overseas franchise to own an English first-class county, according to media reports. Unlike the majority of English cricket's 18 first-class counties, Hampshire is no longer a members-owned club.
US extends hiring cooldown while unemployment highest since 2021
The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts. The jobless rate rose to 4.3 percent, the highest level since October 2021, according to government data.
ExxonMobil profits up after Pioneer deal, Chevron earnings dip
US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil and gas output during the quarter.
ExxonMobil profits up on higher output after Pioneer deal
US oil and gas giant ExxonMobil reported higher profits Friday on record oil and gas production following the acquisition of Pioneer Natural Resources, offsetting sharply lower downstream earnings. "We achieved record quarterly production from our low-cost-of-supply Permian and Guyana assets, with the highest oil production since the Exxon and Mobil merger."
Nintendo first-quarter net profit sinks as Switch sales slow
Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor. Players and investors are hungry for news about a Switch successor, and Nintendo has said an announcement will come by the end of March 2025.
Turkey blocks access to Instagram
Turkey on Friday blocked access to the Instagram social media network, the national communications authority said without explanation, following censorship accusations against the US company by a high-ranking Turkish official. This is not the first time that Turkish authorities have blocked access to social media sites.
Tokyo tanks as Asian markets track Wall St down on recession fears
Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession. And Asia fared just as poorly, with Tokyo the standout.
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