Author: WSJ

By James Marson and Oksana Grytsenko Jan. 10, 2024 12:01 am ETListen to article(2 minutes)The planners of Ukraine’s counteroffensive against the country’s Russian invaders last year envisioned that elite forces, like the unit led by Capt. Anatoliy Kharchenko, would sweep in to deliver the final blows of a D-Day-like triumph. But by the time paratroopers in Kharchenko’s company entered the battle on a moonless night last August, the counteroffensive was already skidding toward failure—and his men were about to learn all of the deadly reasons why. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Listen to article(2 minutes)Meta Platforms plans to automatically restrict teen Instagram and Facebook accounts from harmful content including videos and posts about self-harm, graphic violence and eating disorders. The changes are expected to roll out in the coming weeks.This marks the biggest change the tech giant has made to ensure younger users have a more age-appropriate experience on its social-media sites. The new content restrictions come as more than 40 states are suing Meta, alleging the tech company misled the public about the dangers its platforms pose to young people.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Rent the Runway is putting in place another restructuring plan that includes cutting about 10% of its corporate roles.The fashion subscription company on Tuesday said the turnaround plan comes with the resignation of Anushka Salinas as operating chief and president, effective Jan. 31.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

PARIS—French President Emmanuel Macron has appointed France’s 34-year-old education minister to helm a new government as prime minister, tapping a popular but relatively untested official to breathe life into political ranks that badly fractured over the passage of a recent immigration bill.Gabriel Attal, a former socialist and close Macron ally, is set to become the youngest prime minister in the history of France’s modern republic as well as the first who is openly gay. He has been tasked with naming a new cabinet, the president’s office said Tuesday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 9, 2024 8:12 am ETThe European Union is considering whether to launch a review of Microsoft’s investment in ChatGPT maker OpenAI under the bloc’s merger regulations, a month after the U.K. said it was also weighing whether the tech partnership could have an impact on competition.The European Commission, the EU’s executive arm, made the disclosure on Tuesday as it sought input from interested parties on the level of competition in virtual worlds and generative artificial intelligence, and feedback on what competition law can do to keep these new markets competitive.Copyright ©2024 Dow Jones & Company, Inc. All Rights…

The European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does, as the eurozone economy is weaker than that of the U.S., Daniel Morris, chief market strategist at BNP Paribas Asset Management told Dow Jones Newswires.“It would make more sense that the ECB cuts first,” he said in an interview. An initial ECB rate cut in March or April is “conceivable.”Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

There’s a new task on the 2024 to-do list for founders: Make sure you can’t get Altmaned. While startups have ousted leaders before, the entrepreneur world was stunned to see the board of hot artificial-intelligence company OpenAI fire Sam Altman just before Thanksgiving. He had been the face of one of the biggest successes of the year and suddenly he was out. In startup land, founders and advisers say they started discussing new ways to protect themselves.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Biden administration issued a new rule Tuesday intended to put more gig workers on company payrolls, a change that could reverberate across many industries, most notably at ride-share and food-delivery companies such as Uber Technologies and DoorDash.The rule, which will go into effect in March, would impose a stricter test to determine whether companies can classify their workers as independent contractors. It would replace a 2021 rule finalized by the Trump administration. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

TikTok’s parent company ByteDance is further scaling back its ambitions in the gaming industry and is in talks to sell game titles to several prospective buyers.Chinese media LatePost reported Monday that ByteDance’s gaming unit Nuverse is negotiating to sell games to Tencent. A Bytedance spokesperson told The Wall Street Journal Tuesday that negotiations with multiple potential buyers are ongoing and Nuverse hasn’t finalized any transaction with Tencent.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

BMW Group sold more cars in 2023 than it ever has over a one-year period, crediting close cooperation with retailers and strong performances by sales associates.The German carmaker said Tuesday that group sales approached 2.6 million last year, a 6.5% increase over 2022, breaking its all-time record. Sales grew 10% in the fourth quarter to around 718,800, BMW said.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link