By Timothy Gardner WASHINGTON (Reuters) -The Biden administration is making $12 billion available in grants and loans for automakers and

By Marc Jones LONDON Developing national digital currencies are at risk due to a lack of legal powers

Aviation safety technology that helps prevent runway near-collisions should be deployed at more US airports, the government’s top

Nigerian labor unions called off protests and resumed talks with the government following demonstrations against what they called

Japan called for North Korea to refrain from a planned rocket launch it described as a “serious provocation”

With the provision of a swathe of new oil and gas exploration licences and a crisis in offshore wind energy, clouds are gathering over the...

A Friday AI-related federal ruling might potentially impact the ongoing writers' and actors' strikes going

On Saturday (July 15), Elon Musk revealed that Twitter is struggling with a “heavy debt load” due to advertising revenue dropping 50 per cent. Responding to a user seemingly giving financial business advice to Musk, the billionaire replied explaining that the company is “still in negative cash flow, due to ~50 per cent drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.” Back in April, Musk had said Twitter was “roughly breaking even,” as most of its advertisers had returned. However, a New York Times report in early June found that Twitter’s revenue from US advertising was down 59 per cent from the previous year. Since taking over Twitter in October last year, Musk has faced constant scrutiny for his business decisions, cutting roughly 75 per cent of its workforce almost immediately, as well as reinstating users who were previously banned for breaking terms of service. Sign up to our free Indy100 weekly newsletter In May, Musk hired a new CEO, Linda Yaccarino, an ex-NBCUniversal advertising executive. The new hire was supposed to signal a fresh start for the platform under Musk’s ownership, but it clearly hasn’t worked in bringing previous advertisers back. Twitter has also caused new upset by imposing ‘rate limits’ on how many tweets users can view a day. At the time, Musk had said the restrictions were required to “address extreme levels of data scraping & system manipulation”. Another challenge that faces Twitter is Meta’s Threads, the new app it launched this week to compete with Twitter. Meta saw over 100 million users sign up in the first two weeks, but is yet to allow advertisers to host on the platform, despite interest. In response, Twitter threatened legal action, with Twitter’s attorney, Alex Spiro, accusing Meta for unlawfully using trade secrets and other intellectual property to create a “copycat” app. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Once touted as a key driver of global oil profits, the plastics industry is staring down years of

The auto industry has announced more than $100 billion in electric car investments, creating more than 100,000 American jobs. A second Donald Trump presidency could derail the push.

Tony Estanguet won gold medals for canoeing in the 2000, 2004 and 2012 Olympic Games

President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in...