European stocks fall as Trump tariff threats rattle markets
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening i...
Donald Trump has reached a $25 million settlement with Meta, following his suspension from Facebook in 2021 after the January 6 riot. The funds will largely support Trump's presidential library.
Donald Trump has reached a settlement agreement with Meta, in which the company will pay $25 million to resolve a lawsuit filed against them after his suspension from Facebook in 2021. This suspension followed the January 6 riot, which led to widespread controversy and legal actions.
The settlement, which was confirmed by Trump's attorney John Coale, was signed on Wednesday in the Oval Office. A significant portion of the $25 million is expected to be allocated to Trump’s presidential library. The news first emerged from The Wall Street Journal, coinciding with Meta’s quarterly earnings report, which was delayed.
Mark Zuckerberg, CEO of Meta, refrained from addressing the specifics of the settlement during the earnings call. However, he made a broader comment about the company’s future relationship with governments, stating that the current US administration was supportive of American tech firms and their global standing. He expressed optimism about the opportunities for progress and innovation this could bring.
This settlement follows a series of actions by Meta to mend its relationship with Trump. Notably, the company had previously faced threats from Trump, who had expressed intentions of having Zuckerberg jailed. Meta’s connections to Trump extend beyond this legal dispute, with the company donating $1 million to his inauguration fund following his election victory.
In addition to Meta, Trump has pursued legal action against other tech firms. This includes lawsuits against Twitter, now X, and YouTube, accusing them of censorship. While a federal judge dismissed his case against Twitter in 2022, his suit against YouTube was “administratively closed” in 2023. Similarly, ABC News reached a $15 million settlement with Trump over a defamation lawsuit, with the funds also directed towards his library.
This settlement underscores the ongoing tensions between political figures and tech companies, as both sides continue to navigate issues of free speech, censorship, and corporate influence in the public sphere.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment