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States have sued the Social Media platform, accusing it of helping to drive a mental Health Crisis among teenagers. A bipartisan group of 1a Attorney generals from across the country allege the company uses addictive features to hook children to the app. They also claim its intentionally misled the public about the safety of prolonged use. Tiktok has called the lawsuit disappointing. The platform is already battling a law passed by congress in april that would ban it from the us unless a chinese Parent Company agrees to sell it. Details now from New York. To sell it. Details now from New York to sell it. Details now from New Yor ....
Live from london, this is business today. We start with uber, the us Tech Firm that has become a global transport giant. Around The World some 6 Million people work as drivers and couriers through the uber app, and their services are used by 150 Million people at least once a month. Well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about their plans to make the firm greener and get more of their drivers using Electric Cars. But hes worried that trade tensions with china are getting in the way. The us and europe are hitting chinese Electric Cars with hefty Import Taxes or tariffs ....
After the chinese government chose not to announce any additional measures today. Chinas chief economic planning official, zheng shanjie, told a Press Conference earlier hes fully confident the country can hit its 5 Growth Target for the year and had no further policies to reveal to boost chinas struggling economy. For more im joined by Alicia Garcia Herrero chief asia pacific economist at the bank natixis. Has that disappointed investors . Did they expect more . Yes they did because there was already a softening of the market overseas. Of course the chinese market was already closed. But already by friday you could see overseas markets waiting for more on the fiscal side. This Press Conference was announced in china and there was a big expectation that i ....
On the lebanese capital, where there have been further Air Strikes today. Israel further Air Strikes today. Says it is expanding its Ground Israel says it is expanding its Ground Invasion of lebanon. The target, according to israel, was suhail hussein husseini. He played a crucial role in Weapons Transfers from iran. Hezbollah, designated a Terrorist Group by countries like the uk and us, have not confirmed his death. Meanwhile, the decalitre of hezbollah has made a televised statement here insisting his organisation s capabilities remain intact and said israel was deluded to think otherwise and that the group had fulfilled all of its senior positions after ....
Major markets in china. What you make of the figures? a good da for you make of the figures? a good day for china you make of the figures? a good day for china investors you make of the figures? a good day for china investors today. I day for china investors today. Not a surprise given the number of factors impacting the china market today. The largest being stimulus and hopes of more stimulus. Just before the golden week holiday we heard of a number of measures designed to boost the china s economy, including a cut in rates as well as extra liquidity to boost bank lending and about $350 billion to support china s stock market as well. We know there is another announcement by the ending rc in about 30 minutes time and ahead of that announcement, we are seeing expectations rent further economic policies ndrc. In singapore, we are seeing the iron ore price up by 2. 9% and in australia where senior tree market, which is heavily reliant on commodities, go from a very weak open to l ....