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US tariff rate may be more than 20% after latest round, global business group says
LONDON (Reuters) -U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump’s import levy announcements this week.Rates are already around 16%, their highest since the 1930s.The ca …. Read More >>

China’s Moonshot AI releases open-source model to reclaim market position
The model, called Kimi K2, features enhanced coding capabilities and excels at general agent tasks and tool integration, allowing it to break down complex tasks more effectively, the company said in a statement.Moonshot claimed the model outperforms mainstream open-source models in some areas, including DeepS …. Read More >>

FEATURED ARTICLE

Exclusive-Meta won’t tweak pay-or-consent model further despite risk of EU fines, sources say
BRUSSELS (Reuters) -Meta Platforms is very unlikely to offer more changes to its pay-or-consent model, meaning it is almost certain to be hit by fresh EU antitrust charges and hefty daily fines, people with direct knowledge of the matter said on Friday.The European Commission last month warned Meta of possibl …. Read More >>

OTHER HEADLINES

Kraft Heinz is planning a breakup, WSJ reports
The company is looking to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own, the report said.This move would leave the company with housing goods such as sauces and spreads such as Heinz’s namesake ketchup …. Read More >>

US senator says United, JetBlue partnership could harm competition
(Reuters) -Democratic Senator Richard Blumenthal said a proposed partnership between United Airlines and smaller JetBlue Airways could harm competition and lead to fewer and more expensive options for consumers.In a letter seen by Reuters Friday, Blumenthal asked United CEO Scott Kirby and JetBlue CEO Joanna …. Read More >>

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