BUSINESS

TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban.

Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.

As well as killing more than 34,000 people and causing catastrophic levels of hunger and injury, the seven-month war between Israel and Hamas has also caused massive material destruction in Gaza.

The Olympic flame is set to arrive in the French port of Marseille on Wednesday in front of a crowd of up to 150,000 people in a first major test of the hugely ambitious plans for the Paris Games.

Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains.

Last week, the Seattle-based coffee shop chain reported second-quarter earnings and revenues that badly missed analysts' estimates. It most notably reported a 2% revenue decline, the first since 2020, and lowered its guidance for the next quarter.

Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse.

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.

In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust.

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday.

The global outdoor furniture market is expanding steadily, with a value of $52 billion in 2024. The US market is the largest and most profitable. It's expected to reach $12.8 billion by 2028.

Polish prosecutors Monday said they had opened an espionage probe after a judge fled to neighbouring Belarus and reportedly asked for asylum over spying allegations that he dismissed as "fabricated".

Sony backtracked Monday after players of its popular cooperative third-person shooter game "Helldivers 2" pushed back against a requirement to link with its PlayStation Network platform.

The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed.

Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31.

A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.

Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday.

Chadians vote for a president on Monday in an election purportedly aimed at ending military rule but dismissed by opponents of junta leader Mahamat Idriss Deby as a fix following violent repression.

After years of delays, Boeing's Starliner capsule is set to ferry astronauts to the International Space Station (ISS) Monday, a milestone for the US aerospace giant and NASA. The flight, a final test before Starliner takes up regular service for the space agency, is critical for Boeing, whose reputation has suffered of late due to safety issues with its passenger jets.

Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.

Russian dissident historian Tamara Eidelman was on vacation in Greece when Moscow's tanks rolled into Ukraine in February 2022 and she realized that she would not be going back to her home country.

A fabricated audio clip of a US high school principal prompted a torrent of outrage, leaving him battling allegations of racism and anti-Semitism in a case that has sparked new alarm about AI manipulation.

Three bodies believed to be those of two Australian brothers and an American who disappeared on a surfing trip in Mexico have bullet wounds to the head, authorities said Sunday.

Liverpool shattered Tottenham's hopes of finishing in the Premier League's top four with a 4-2 win that left Aston Villa on the brink of Champions League qualification despite their 1-0 defeat at Brighton on Sunday.

Pounding the campaign trail ahead of European elections, emerging Hungarian opposition leader Peter Magyar drew tens of thousands on Sunday in a stronghold of nationalist leader Viktor Orban.

Chinese President Xi Jinping on Sunday arrived in France on a state visit hosted by Emmanuel Macron where the French leader will seek to push his counterpart on issues ranging from Ukraine to trade.