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13876 articles published since 08 Mar 2022

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Holiday-hit Asian markets mixed, Wall St record fails to inspire
Holiday-hit Asian markets mixed, Wall St record fails to inspire
Economy

Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data. He said the healthy run of data on the economy -- particularly the labour market -- had given the bank time to become confident that the slowdown in inflation is assured.

US banking system 'well-capitalized' despite risks: Yellen
US banking system 'well-capitalized' despite risks: Yellen
Economy

US Treasury Secretary Janet Yellen said Thursday that the country's banking system is "well-capitalized" even as some banks face stresses stemming from the commercial real estate sector. "There are some risks, and there are some institutions that will face stresses from commercial real estate," she said.

Google goes big on ChatGPT-style chatbot
Google goes big on ChatGPT-style chatbot
Technology

Google on Thursday rebranded its ChatGPT-style chatbot to Gemini, giving it unprecedented prominence on its products, as the tech titan's AI race with Microsoft heats up. Google also said it was releasing Gemini Ultra 1.0, its most powerful generative AI model yet, which will be available as an advanced chatbot for $20 a month in 150 countries -- but only in English.

French navy enforces fishing ban to protect dolphins
French navy enforces fishing ban to protect dolphins
Economy

"They see us, and we see them," said French Navy Lieutenant Dany, board commander of a nimble Falcon 50 surveillance plane flying over the vast Bay of Biscay. The Falcon, which Dany said is "very fast", flies over vast zones several times per week.

ArcelorMittal profit falls after Kazakhstan mine disaster
ArcelorMittal profit falls after Kazakhstan mine disaster
Economy

Global steel giant ArcelorMittal Thursday posted a tenfold drop in net profit in 2023, taking hits from a withdrawal from Kazakhstan following a fatal mining accident and from its faltering Italian operations. ArcelorMittal said its withdrawal from Kazakhstan cost the company $2.4 billion.

Gucci owner Kering profits slump in 'trying year'
Gucci owner Kering profits slump in 'trying year'
Economy

French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci "back on track". "Our priority is to get Gucci back on track," Pinault said, warning that this "won't happen overnight".

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