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In a post on Tuesday, Linda Yaccarino, X’s chief executive, said the company had filed a lawsuit against the Global Alliance for Responsible Media, a coalition of brands and advertising agencies, as well as Garm members, including consumer goods groups Unilever and Mars, and US pharmacy chain CVS Health.Share $Musk’s X sues brands and trade group over advertising boycott on X
Share $Hizbollah chief says response to Israel will be ‘strong, influential and effective’ on LinkedIn Elon Musk’s X is suing a prominent marketing industry trade body and advertisers, including Unilever and Mars, for an “illegal boycott” of the platform that it claims violates antitrust law, in a dramatic escalation of the spat between the billionaire and several of the social media app’s most valuable sources of revenue.
The FTSE 100 index added 0.4 per cent, while France’s Cac 40 and Germany’s Dax lost 0.2 per cent and 0.1 per cent, respectively.Share $European stocks close higher after choppy session on Facebook Wirecard’s former chief financial officer Alexander von Knoop and former chief product officer Susanne Steidl have been charged with breach of trust four years after the payments group crashed into insolvency.
Wall Street’s benchmark S&P 500 index gained 0.5 per cent, while the tech-heavy Nasdaq Composite rose 0.7 per cent.The Vix index of expected US stock market turbulence, commonly known as Wall Street’s “fear gauge”, was at 32.3 points when the market opened. This kept it above its long-term average of around 20, but is much lower than the four-year high of 65 points reached on Monday.
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Morgan, previously the country’s health minister, was named the Labour leader for Wales on Tuesday. The Senedd said the parliament’s presiding officer would write to King Charles to recommend her appointment as first minister.Gething quit on July 16 after a handful of resignations from his cabinet over questions about donations he took during the leadership race, just weeks after he lost a confidence vote in the Senedd, the Welsh parliament.
Share $Eurozone retail sales lower than forecast as consumers spend less on food, drinks and tobacco on Facebook Volatility remains high. While below Monday’s two-year peak, the Vstoxx index of implied European equity volatility has crept up since Tuesday’s open to 29.6 points, after hovering around 14 points for most of the year to date.
The company’s fortunes improved from the middle of May, according to chief executive Andrew Rennie, as Domino’s “halted the trend of declining delivery orders”, boosted in part by the Euro 2024 football tournament. Thames Water has been slapped with a £104mn regulatory fine for failing to manage its wastewater treatment works, piling further pressure on Britain’s biggest water utility as it fights for financial survival.
The asset manager said net customer withdrawals amounted to £1.6bn — down from £4.4bn in the same period last year. The payout is the most important source of revenue for the Saudi state, which, together with the country’s sovereign wealth fund, owns a combined 97 per cent of the company.Share $Saudi Aramco earnings come in higher than expected but down from last year on X Share $Saudi Aramco earnings come in higher than expected but down from last year on LinkedIn The Reserve Bank of Australia has held interest rates at 4.
It also said the global economic outlook was uncertain with the Chinese economy softening and some central banks already cutting rates.Share $Australian central bank holds rates and backs restrictive monetary policy on X Share $Treasury Wine Estates to divest Wolf Blass as it moves upmarket on Facebook An analyst said that while fear was gripping markets the fall in certain Japanese stocks had been ‘far too extreme’Japanese stocks surged higher in the first minutes of trading on Tuesday, rebounding from the previous day’s record-breaking 12 per cent collapse.