Apple increases prices for Macs and iPads, blaming a shortage of memory chips

Apple on Thursday announced an increase in prices for Macs and iPads, citing a memory chip shortage brought on by the artificial intelligence boom. The Cupertino, California-based company called the demand spike an “unprecedented challenge” for the consumer electronics industry.

Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name

NEW YORK (AP) – Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent – and a new name.

Ukraine sets Russian oil refinery ablaze, as Putin admits fuel shortages

KYIV, Ukraine (AP) – Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south, as President Vladimir Putin acknowledged for the first time on Sunday that the country was facing a “certain deficit” of fuel and vowed to strengthen protection of oil facilities and boost fuel output.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

The US lags other countries in social media restrictions for kids

Amy Neville describes Kristin Bride as her “soulmate.” But the day that forged their bond – June 23, 2020 – was the worst of each of their lives. Both Bride and Neville lost their teen sons that day. Their kids lived a thousand miles apart and never met, but they both died from harms related to their social media use.

14 dead after an oil company helicopter crashed in Saudi Arabia

DUBAI, United Arab Emirates (AP) – All 14 people on board were killed in Saudi Arabia when a helicopter belonging to the world’s largest oil company crashed on Sunday morning, according to the Saudi Ministry of Energy.

Trump threatens 100% tax on Europe if countries impose tax on digital services

WASHINGTON (AP) – President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies.

Newsom urges a national 'billionaires' tax' while fighting one in California

California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another proposal targeting the wealthy in his home state.

Australia plans to strengthen laws banning children from social media

MELBOURNE, Australia (AP) – The Australian government plans to strengthen laws that ban children younger than 16 from social media platforms. Observers said on Friday the government was responding to evidence that the ban on young children holding accounts on platforms including Facebook, Instagram and YouTube had failed.