World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 47
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Disney invests $1B in OpenAI in deal to bring characters like Mickey Mouse to Sora AI video tool
Disney is investing $1 billion in OpenAI and will bring characters such as Mickey Mouse, Cinderella and Luke Skywalker to the AI company's Sora video generation tool, in a licensing deal that the two companies announced on Thursday.

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Crypto mogul Do Kwon sentenced to 15 years in prison for $40 billion stablecoin fraud
Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud.

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Australia demands social media giants report progress on account bans for children under 16
Australian authorities on Thursday demanded some of the world's biggest social media platforms report how many accounts they have deactivated since a ban on accounts for children younger than 16 became law.

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A grand social media experiment begins in Australia
Darcey Pritchard, 15, deleted Snapchat off her phone about a year ago when she felt sucked in by its algorithm.

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EU hits Elon Musk’s X with 120 million euro fine for breaching bloc’s social media law
European Union regulators on Friday fined X, Elon Musk's social media platform, 120 million euros ($140 million) for breaches of the bloc's digital regulations, in a move that risks rekindling tensions with Washington over free speech.

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Itβs your duty to pay the duty: Buyers hit with extra charges on packages
Kim Batten, a physical therapist from Oakland, California, bought a trench coat earlier this year from a Dutch retailer for $456, a price that was a little above her budget.

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Costco becomes biggest company yet to demand refund of Trump tariffs
Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid.

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VW is reviving Scout line to be mostly hybrids rather than EVs
Volkswagen AG is reviving its rugged Scout line of SUVs and pickup trucks β originally conceived as pure electric vehicles β as a brand of primarily gasoline-electric hybrids.

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National Parks to raise fees for international tourists to popular US parks
The National Park Service said Tuesday it is going to start charging the millions of international tourists who visit U.S. parks each year an extra $100 to enter some of the most popular sites, while leaving them out of fee-free days that will be reserved for American residents.

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Taiwan puts $40 billion toward buying US weapons and building a defense dome
Taiwan's President Lai Ching-te on Wednesday announced a special $40 billion budget for arms purchases, including to build an air defense system with high-level detection and interception capabilities called Taiwan Dome, as the U.S. pressures the island to increase its defense spending.
