Meta has threatened to pull news from Facebook in the U.S. over a contentious media bill which will force the social media giant to pay news publishers for using their content.
The company has in the past cut access to news on Facebook in Australia when a similar law was passed there.
The Journalism Competition and Preservation Act was introduced by Sen. Amy Klobuchar.
It enables publishers to negotiate with social-media platforms like Facebook and Google over how their content is distributed on their platforms. This includes requiring social-media firms to pay for news content.
Andy Stone, Meta's policy-communications director, posted the company's statement on Twitter saying if Congress passed the "ill-considered journalism bill," Meta "will be forced to consider removing news from our platform altogether."
Meta says the bill fails to recognise the fact that publishers post their content on Facebook because it helps their bottom line.
It has had similar confrontations in Australia and Canada over the issue of revenue sharing with publishers.
Boeing filed papers with the US markets regulator on Tuesday for raising up to $25 billion (AED 91 billion) through a stock and debt offering and entered into a $10 billion (AED 36.7 billion) credit agreement amid a crippling strike and upcoming debt maturities.
Abu Dhabi Future Energy Company PJSC (Masdar) has signed an agreement with Presight, a leading big data analytics company powered by generative AI, to develop an asset management tool for its renewable energy projects worldwide.
Shares of Nvidia closed at their highest ever on Monday, lifting its market value to $3.39 trillion (AED 12.4 trillion) just below Apple's $3.52 trillion (AED 12.92 trillion) and above Microsoft's $3.12 trillion (AED 11.45 trillion).
The Ajman Higher Energy Committee has been established to regulate the trade of petroleum in the Emirate, under the directives of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman.
The growth rate of digital companies in Dubai is double that of traditional companies, according to Vice Chairman of the Dubai Chamber of Digital Economy, Ahmad Bin Byat.