Economy

Economy Latest News

Meta Names UFC boss Dana White, a Trump ally, to board
Meta Names UFC boss Dana White, a Trump ally, to board
by  AFP

Social media giant Meta announced Monday the appointment of three new directors to its board, including Ultimate Fighting Championship (UFC) head Dana White, a close ally to US President-elect Donald Trump. I am a huge believer that social media and AI are the future," White said.

US Fed's top banking regulator says he will step down early
US Fed's top banking regulator says he will step down early
by  AFP

The US Federal Reserve's top banking regulator announced his early resignation Monday, avoiding a confrontation with President-elect Donald Trump who can now pick his replacement. His resignation paves the way for Trump to replace him with someone more in tune with his own views on banking regulation.

'Lost year': Germany electric car sales go into reverse
'Lost year': Germany electric car sales go into reverse
by  AFP

Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. The overall slump in electric car sales in Germany saw battery-powered vehicles lose market share relative to traditional combustion engines and hybrid cars.

EU rules don't prohibit Musk's German far-right chat on X
EU rules don't prohibit Musk's German far-right chat on X
by  AFP

Elon Musk's controversial plan for a live chat with a German extreme-right leader on X this week is allowed under European Union laws but will be scrutinised for potential violations of electoral interference rules, Brussels said on Monday. The EU's digital spokesperson said a live discussion on X was not a violation of EU rules and insisted the DSA did not "censor any type of content".