Instagram courts TikTok stars during turbulent times

Meta-owned Instagram has been wooing creators from TikTok as the China-based video-snippet sharing app’s future remains uncertain in the United States. After officially increasing the allowed length of videos and adding a new editing tool, Meta recently began letting TikTok creators earn as much as $5,000 over the course of...

Brazil gives Meta 72 hours to explain new fact-checking policies

Brazil on Friday gave social media giant Meta 72 hours to explain its fact-checking policy for the country, and how it plans to protect “fundamental rights” on its platforms. Attorney General Jorge Messias told journalists his office could take “legal and judicial” measures against Meta if it does not respond...

Apple sidelines AI news summaries due to errors

Apple pushed out a software update on Thursday which disabled news headlines and summaries generated using artificial intelligence that were lambasted for getting facts wrong. The move by the tech titan comes as it enhances its latest lineup of devices with “Apple Intelligence” in a market keen for assurance that...

Asian markets drop as trades fret over US inflation, rates outlook

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump’s second presidency looms. A report saying the president-elect was considering declaring a national economic emergency to provide legal cover to impose tariffs...

Miss Teen USA gives up title days after Miss USA resigned

Miss Teen USA has given up her crown, just two days after Miss USA resigned to prioritize her mental health. UmaSofia Srivastava, 17, said she was stepping down from the role because her "personal values no longer fully align with the direction of the organization". Posting on Instagram, she said:...

Meta shares take $125bn hit as Facebook owner raises spending forecasts

Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year. Investors sent the stock 10% lower in after-hours trading in New York when Meta's first-quarter results showed further bills were expected to fund...