Latest news with #on
Time of India
5 hours ago
- Business
- Time of India
Asian markets dip as Donald Trump escalates trade war with China
Asian stocks tumbled Monday after US President Donald Trump reignited trade tensions by announcing a sharp increase in tariffs and accusing China of breaching a recent trade truce. Trump,on Friday said that, steel and aluminium tariffs would be doubled to 50% from 25%, claiming the move would further protect the US steel industry. He also accused China of "totally violating" the agreement made last month to pause tariff hikes for 90 days while both sides worked on a broader deal. US commerce secretary Howard Lutnick added fuel to the fire, saying on Fox News that China was 'slow-rolling' the agreement. China firmly rejected the accusations, calling them baseless and "seriously contrary to the facts." They criticised Washington for making "bogus charges and unreasonably accused China of violating the consensus, which is seriously contrary to the facts". The developments have thrown the trade war back into the spotlight, having been put on the back burner after the China detente and indications that governments were working deals with US officials. Asian markets declined on the day, despite positive data showing the Federal Reserve's preferred inflation measure had cooled beyond expectations last month, as concerns about tariffs' economic impact dominated sentiment. Hong Kong's market fell over two percent, with property companies particularly affected due to concerns surrounding New World Development's delayed bond interest payments. The company is currently seeking to secure more than US$11 billion in bank refinancing. Its difficulties have sparked renewed worries about China's property sector, where companies face challenges selling inventory to service substantial debt obligations. Declines were also recorded in Tokyo, Sydney, Singapore, Taipei, Manila and Jakarta, whilst Shanghai remained closed for a holiday. Oil prices rose sharply after OPEC and its allies announced a smaller-than-expected production hike for July, while fears of war escalation grew as Ukraine launched drone strikes on Russian air bases. Meanwhile, the US dollar weakened over concerns about the American economy, as Trump pushes for extended tax cuts and welfare reductions. Critics warn this could add trillions to the national debt, spooking bond markets and driving Treasury yields higher. Credit rating agency Moody's downgraded the US's last top-tier rating, citing a likely surge in federal deficits. JPMorgan CEO Jamie Dimon also warned of a potential crisis in the US bond market, calling the situation a "real problem." "The bond market is going to have a tough time. I don't know if it's six months or six years," he added. Market snapshot as of 02:30 GMT Tokyo – Nikkei 225: ↓ 1.5% at 37,414.02 Hong Kong – Hang Seng: ↓ 2.3% at 22,753.81 Shanghai – Composite: Closed for holiday New York – Dow Jones: ↑ 0.1% at 42,270.07 (close) London – FTSE 100: ↑ 0.6% at 8,772.38 (close) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
USA Today
4 days ago
- Sport
- USA Today
Clemson receives a crystal ball prediction to land 4-star offensive lineman Carter Scurggs
Clemson football's June recruiting momentum may be picking up steam again—this time on the offensive line. On Tuesday, 247Sports analyst Brian Dohn submitted a Crystal Ball projection in favor of the Tigers for four-star offensive tackle Carter Scruggs. The 6-foot-6 standout from Loudoun County High School in Leesburg, Virginia, is one of the more coveted linemen in the 2026 class, and the prediction is a notable sign of Clemson's positioning heading into a crucial stretch of visits. A few weeks ago, Rivals' Sam Spiegelman also logged a FutureCast for Scruggs to land at Clemson. The back-to-back predictions from two major recruiting services reflect growing belief that the Tigers may be in the driver's seat as Scruggs prepares for his official visit to Clemson on May 30. Scruggs has additional visits scheduled with Michigan (June 6), Penn State (June 13), and Georgia (June 20), but Clemson has clearly made a strong early impression. Under offensive line coach Matt Luke, the Tigers have taken a more targeted approach in recruiting, and Scruggs fits that mold with his size, athleticism, and upside. Clemson's push to re-establish its depth in the trenches has become a clear priority under Luke, and Scruggs would be a major win in that effort. With a big weekend ahead, the Tigers are now widely viewed as the team to watch in his recruitment. Need a break? Play the USA TODAY Daily Crossword Puzzle Contact us @Clemson_Wire on X, and like our page on Facebook for ongoing coverage of Clemson Tigers news and notes, plus opinions.
Yahoo
5 days ago
- Business
- Yahoo
Kartoon Channel! and Ameba Deliver Triple-Digit Year Over Year Growth in Early 2025
Kartoon Channel Doubles Watchtime Across FAST Platforms Google TV Freeplay launches 24/7 ChannelAI-Assisted Foreign Language Dubbing, Helping to Drive International ExpansionTodd Steinman Promoted to President of Toon Media Networks Worldwide as Platforms Now Reaches 71 Territories with Universe of 2.8 Billion ViewersBEVERLY HILLS, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) today announced that it has expanded Todd Steinman's role from Toon Media Networks President to lead global business for Kartoon Channel Worldwide! as the company accelerates international growth and capitalizes on surging momentum across its digital by triple-digit growth from Kartoon Channel! and Ameba's domestic business, the company reported a 116% year-over-year earnings increase for January and February 2025 (timing adjusted), compared to the same period in 2024. This growth, combined with ongoing platform expansion, reinforces Kartoon Studios' position as a rising leader in the global family streaming distribution now spanning 71 territories and access to an audience of 2.8 billion, Steinman's expanded role will include international operations while driving monetization across global markets. His leadership has already transformed Kartoon Channel! into a profitable, high-growth platform across North Heyward, CEO and Chairman of Kartoon Studios, commented: 'Todd Steinman is an extraordinary executive who has not only delivered profitability and growth in the U.S. at a record pace but also defined a successful, scalable streaming model we can now extend worldwide across Ad-supported Video on Demand (AVOD), Subscription Video on Demand (SVOD), and FAST channels. Steinman's extraordinary performance guiding Kartoon Channel!, Ameba, and Frederator Networks into profitable streaming powerhouses for children and young adults has fueled an important and growing profit center for Kartoon Networks, with triple-digit growth year over year. The combination of Subscription Video on Demand (SVOD), AVOD, and FAST has created a diversified and fast-growing children's service. Steinman will now assume oversight of the global expansion of Toon Media Networks and Kartoon Channel! Worldwide.'The Company has released a video interview with Steinman today where he discusses the strategy and rise of Kartoon Channel! and Toon Media Networks, as well as the drivers of growing profitability. The video is now available via the Kartoon Studios' social media accounts and the links below: X: Instagram: LinkedIn: Supporting this growth, Kartoon Channel! doubled the performance across its FAST channels since last year on platforms that include Tubi, Pluto TV, and Xumo and added Samsung TV Plus. The expansion continues with the recent debut of a 24/7 Rainbow Rangers channel on Google TV Freeplay, significantly enhancing Kartoon Channel!'s domestic reach and monetization addition to expanding distribution, Kartoon Studios is leveraging AI-assisted dubbing technology to localize content efficiently, helping the company unlock new international markets with speed and added:'This next chapter is about building on our momentum in international markets. We're focused on profitability, brand impact, and delivering content that connects with families everywhere.'About Kartoon StudiosKartoon Studios (NYSE American: TOON) is a global creator, producer, distributor, marketer, and licensor of premium entertainment brands for children and families. The Company's diverse portfolio includes some of the most recognized properties in kids' media, including original IP like Stan Lee's Superhero Kindergarten starring Arnold Schwarzenegger, Shaq's Garage starring Shaquille O'Neal, Rainbow Rangers, and Llama Llama starring Jennifer Studios owns a controlling interest in Stan Lee Universe, managing the legendary creator's name, likeness, signature, voice, consumer products licensing, and original post-Marvel IP. Stan Lee is widely regarded as one of the most influential storytellers in modern history, with his characters appearing in four of the top ten highest-grossing films of all Studios' animation powerhouse, Mainframe Studios, has delivered over 1,000 half-hour episodes and more than 60 feature-length projects. The studio's partners include Disney, Netflix, Mattel, and Sony, with current productions such as Barbie, CoComelon, and Unicorn its wholly owned Toon Media Networks—including Kartoon Channel!, Ameba, and Frederator Network—Kartoon Studios reaches audiences worldwide across linear, AVOD, SVOD, and FAST platforms. Kartoon Channel! is the #1 rated kids' streaming app on the Apple App Store and delivers thousands of hours of family-friendly content, including top-performing series like Peppa Pig Shorts, Mother Goose Club, Talking Tom & Friends, Yu-Gi-Oh!, and educational content through Kartoon Classroom and Spanish language collection KC En Español. Frederator Network operates one of the largest global animation networks on YouTube, featuring over 2,000 exclusive creators with billions of annual 2022, Kartoon Studios acquired Canada's WOW! Unlimited Media and became the largest shareholder in Germany's Your Family Entertainment AG, a leading European kids' content Company also includes Beacon Media Group, a full-service agency offering integrated PR, social media, influencer, creative, and media buying services across entertainment, lifestyle, gaming, and tech for its operational excellence, Kartoon Studios was recently honored by Amazon with the Operational Excellence Award for 100% on-time more information, visit Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements and include statements regarding Mr. Steinman's contributions to be made to the Company due to his expanded role; Media Networks continuing to accelerate growth; the potential for maximum reach, brand building power, and a diversified and flexible monetization model; Mr. Steinman bringing the same U.S. vision and execution to the Company's international operations; Kartoon Channel's global footprint continuing to accelerate; Rainbow Rangers and Shaq's Garage continuing to bring in audiences; greater operational efficiency, scale, and monetization as the Company unlocks new growth in Europe, Latin America, Asia, and beyond; and Kartoon Channel! continuing to be a leader of the next generation of children's programming and AVOD distribution, and the ability of Kartoon Channel! to build a scalable, profitable streaming platform that delivers real value — for families and for investors. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, the ability of Mr. Steinman to make the anticipated contributions to the Company's international operations; the Company's ability to sustain growth and become profitable; Kartoon Channel's ability to continue to accelerate its global footprint; the ability of Rainbow Rangers and Shaq's Garage to continue to bring in audiences; the Company's ability to have greater operational efficiency, scale, and monetization as it unlocks new growth in Europe, Latin America, Asia, and beyond; Kartoon Channel! continuing to be a leader of the next generation of children's programming and AVOD distribution and building a scalable, profitable streaming platform that delivers real value — for families and for investors; the Company's ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company's operations from period to period; general economic and financial conditions; the Company's ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company's reliance on and relationships with third-party production and animation studios; the Company's ability to market and advertise its products; the Company's reliance on third-parties to promote its products; the Company's ability to keep pace with technological advances; the Company's ability to protect its intellectual property and those other risk factors set forth in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. MEDIA CONTACT:pr@ INVESTOR RELATIONS CONTACT:ir@ A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Barnama
6 days ago
- Business
- Barnama
Malaysia, Bahrain Reaffirm Ties With Exchange Of Seven MoUs
KUALA LUMPUR, May 27 (Bernama) -- Malaysia and Bahrain today reaffirmed their longstanding friendship and commitment to enhancing cooperation through the exchange of seven memoranda of understanding (MoUs). The ceremony was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Bahrain's Crown Prince and Prime Minister Salman Hamad Al Khalifa after their bilateral meeting on the sidelines of the 46th ASEAN Summit and Related Summits, which concluded here today. The meeting provided an opportunity to assess the progress of bilateral relations between Malaysia and Bahrain following Anwar's visit to Manama last February. The key areas of cooperation include investment and trade, Islamic finance and banking, defence, halal industry, semiconductors, agriculture and agri-commodities as well as connectivity, particularly in the tourism sector. Also present were Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Higher Education Minister Datuk Seri Dr Zambry Abd Kadir and Public Service Department director-general Tan Sri Wan Ahmad Dahlan Abdul Aziz. Among the MoUs exchanged was the Notes on the Establishment of a Political Consultation Mechanism, which institutionalises regular dialogue between the two countries' foreign ministries. In the realm of transport and digital innovation, Malaysia received two symbolic certificates -- the Global Logistics Sea to Air Partner Certificate and the Data Sovereignty Initiative Certificate presented to Digital Minister Gobind Singh Deo. The certificates underscore Bahrain's recognition of Malaysia's growing leadership in logistics and digital governance. Malaysia and Bahrain also exchanged documents on Cooperation in Planning, Development and Promotion of Industrial Parks, exchanged between by Ministry of Investment, Trade and Industry and Bahrain's Finance and National Economy Ministry.
Evening Standard
7 days ago
- Entertainment
- Evening Standard
'Let's do it again': Steve Parish issues rallying cry as Crystal Palace parade FA Cup at Selhurst Park
The parade culminated in a 'Party on the Pitch' at Selhurst Park, where Crystal Palace players and staff were presented to the fans for the final time before jetting away for their summer holidays. Oliver Glasner was among the first to speak, but was made to wait for his moment with the microphone as he was drowned out by adoring supporters, who were in full voice throughout proceedings. Once they had quietened down, he promised more silverware.
