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More refunds are being sent to Fortnite players ‘tricked’ into unwanted purchases. How you can apply

PHILADELPHIA (AP) — The U.S. Federal Trade Commission is sending out the latest round of refunds to consumers it says were “tricked” into purchases they didn’t want from Fortnite maker Epic Games — and eligible players who haven’t been compensated yet still have time ...
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Shell and Equinor name their UK joint venture Adura

LONDON (Reuters) -Shell’s and Equinor’s British joint venture, set to become the biggest oil and gas producer in the UK North Sea, will be named Adura, the companies said on Thursday. The joint venture was formed in December and is expected to increase production from ...
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DeepSeek R2 launch stalled as CEO balks at progress, The Information reports

(Reuters) -Chinese AI startup DeepSeek has not yet determined the timing of the release of its R2 model as CEO Liang Wenfeng is not satisfied with its performance, The Information reported on Thursday, citing two people with knowledge of the situation. R2, a successor ...
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Fed plan to ease leverage rule offers windfall for big US banks, Morgan Stanley says

(Reuters) -A Federal Reserve plan to relax leverage rules could free up $185 billion in capital and unlock nearly $6 trillion in balance sheet capacity for large U.S. global banks covered by Morgan Stanley, the brokerage estimated on Thursday. The U.S. Fed unveiled a proposal ...
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Xiaomi launches YU7 priced from 253,500 yuan, challenging Tesla’s Model Y

BEIJING (Reuters) -Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV 10,000 yuan ($1,395) cheaper than Tesla’s Model Y, stepping up the challenge to the U.S. firm in the world’s largest auto market. The base model ...
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UK competition watchdog weighs probe into Boeing-Spirit Aero deal

(Reuters) -Britain’s competition regulator is considering whether Boeing’s deal to acquire its former subsidiary Spirit AeroSystems could affect competition in the country or in other markets, it said on Thursday. The Competition and Markets Authority has not yet launched a formal investigation, but has invited ...
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US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed

WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected downgrade from its previous estimate. First-quarter growth sank under a surge of imports ...
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Reeling from Trump rebukes, Europe weighs deeper ties with China

BARCELONA, Spain (AP) — Jilted, betrayed, dumped, or defiant. It’s hard to describe the European Union after relentless attacks from its once-dependable ally, the United States. The threat from Donald Trump’s second administration against Greenland, its sweeping tariff plans and courtship of Moscow have ...
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Ex-Barclays boss Staley loses bid to overturn UK ban over Epstein ties

LONDON (AP) — The former chief executive of Barclays Bank, Jes Staley, lost a legal challenge Thursday against a 2023 decision by Britain’s financial regulator to ban him from holding senior financial roles in the United Kingdom for misleading it over the nature of ...
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How carbon capture works and the debate about whether it’s a future climate solution

Power plants and industrial facilities that emit carbon dioxide, the primary driver of global warming, are hopeful that Congress will keep tax credits for capturing the gas and storing it deep underground. The process, called carbon capture and sequestration, is seen by many as an ...
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Fewer Americans sought unemployment benefits last week as layoffs remain low

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. Jobless claims for the week ended June 21 dropped 10,000 to 236,000, a historically-low level. The four-week average ...
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Carnegie honors 20 ‘Great Immigrants,’ including composer Tania León, for 20th anniversary

Tania León, the noted composer and conductor who also co-founded Dance Theatre of Harlem, never planned on emigrating to the United States. She wanted to move to Paris. When León received the opportunity to leave Cuba on a resettlement flight to Miami in 1967, she ...
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