BRUSSELS, May 16 (Reuters) - Meta Platforms' ( META ) social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines. Tech companies are required to do more to tackle illegal and harmful content on their platforms...

06:02 AM EDT, 05/16/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.) ZTO Express ( ZTO ) shares surged more than 11% in recent premarket activity on Thursday after the company reported higher adjusted earnings and sales in Q1. The company reported Q1 adjusted earnings late Wednesday of 2.68 Chinese renminbi ($0.37) per diluted...

05:59 AM EDT, 05/16/2024 (MT Newswires) -- Nio (NIO) plans to launch one new model under its Onvo brand per year at prices similar to gasoline vehicles, Reuters reported Thursday, citing a statement from the company. The company reportedly said it expects the Onvo brand to boost its overall profitability when sales reach 20,000 units per month. Nio plans to...

(Reuters) - Adidas is launching cheaper versions of its three-striped shoes like the white and black suede Samba as it aims to spread the trend, CEO Bjorn Gulden said on Thursday at the company's annual shareholders' meeting in Germany. It's important to understand that not everyone can afford to buy a shoe for 120 or 150 [dollars], but everyone wants...