Financial stress faced by China’s local governments is limiting fiscal support for the economy’s recovery, with half of

Wall Street futures fell on Wednesday, with all eyes on minutes from the Federal Reserve's June meeting for

Sea Ltd.’s billionaire founder declared a 5% pay increase for most employees starting July, sending a strong signal

X, the platform formerly known as Twitter, has stopped working. The site broke hours after Elon Musk said that he is planning to force everyone to pay for access to the site. Some parts of X continued to load, for some people. But users had problems with much of the site, including loading tweets and their timelines. Tracking website Down Detector showed a huge influx of reports of problems on Tuesday afternoon, across the world. That site depends on reports from X, and so may experience problems itself. Mr Musk told Israeli prime minister Benjamin Netanyahu that the subscription fee was necessary to avoid “vast armies of bots” that he claimed have taken over the service. “We’re actually going to come up with a lower tier pricing... we just want it to be a small amount of money,” he said. “This is a longer discussion, but, in my view, this is actually the only defence against vast armies of bots.” Ever since completing his takeover of the platform formerly known as Twitter last year, the Tesla and SpaceX boss has spoken extensively about wanting to boost X’s income through new revenue streams, including subscription models. When launching Twitter Blue - now known as X Premium - a number of features which had previously been free to all users were placed behind the subscription paywall in an effort to spark more sign-ups for the paid version of the site. The need for new, different forms of income has become vital for Mr Musk after X advertising revenue plummeted in the wake of his takeover amid concern over his support for absolute free speech and more relaxed content moderation as a result. A number of advertisers went on to reduce or completely stop their advertising on the site. Mr Musk has previously said several campaign groups have falsely accused him and X of being antisemitic, costing the site millions in lost revenue because of advertising boycotts as a result. In his conversation with Mr Netanyahu, the Israeli leader said he knows Mr Musk is “committed” to stopping antisemitism after the billionaire reiterated he is against hate speech. Additional reporting by agencies Read More How does Russell Brand make money online? Elon Musk wants all Twitter users to pay a monthly fee Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Twitter rival Bluesky hits new milestone Famed tech journalist deletes X account with epic rant at Elon Musk Why is Elon Musk obsessed with the letter X?

PALO ALTO, Calif. St. Louis Federal Reserve Bank President James Bullard, an early and vocal supporter within the

Interstate 25 in southern Colorado is expected to reopen Thursday, four days after the main north-south route through the state was shut down when a train derailment collapsed a railroad bridge onto the highway and killed a truck driver

Product kiosks are popping up at Costco locations, casting doubt over the role of human product demonstrators.

A business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022

US stocks reeling from the impact of high bond yields are facing a new threat from an expected

The presidents of Russia and Turkey are meeting on Monday, with Turkish leader Recep Tayyip Erdogan seeking to persuade Russia to revive an agreement that allowed Ukraine to export grain and other commodities from three Black Sea ports despite the war

BENGALURU, India--(BUSINESS WIRE)--Jun 26, 2023--

Indonesian President Joko Widodo has inaugurated Southeast Asia’s first high-speed railway, which begins its commercial operations on Monday, a key project under China’s Belt and Road infrastructure initiative that will drastically cut the travel time between two key cities