AFP
13876 articles published since 08 Mar 2022
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Maersk to slash 3,500 jobs as profits, revenue plunge
Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.
Angry Qantas investors block executives' pay plan
Jeering Qantas shareholders voted down a pay package for the company's top brass Friday, as the outgoing chairman apologised for a public "loss of trust" in Australia's much-loved carrier. The Qantas chairman asked for the man's microphone to be cut off, prompting boos, jeers and cries of "shame on you" from other shareholders in the room. sm/arb/mtp
White House 2024: AI threatens to 'supercharge' disinformation
From fabricated images of Donald Trump's arrest to a video depicting a dystopian future under Joe Biden, the 2024 White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election.
Asia extends global stocks rally on rate optimism, jobs in focus
Equities extended a global rally Friday as investors were caught up in a wave of optimism that the Federal Reserve has finished its cycle of interest rate hikes, with eyes now on the release of US jobs data.
Former crypto tycoon Sam Bankman-Fried found guilty on all counts at fraud trial
Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy. "Find him guilty," US prosecutor Danielle Sassoon told the jury earlier on Thursday.
'No income, no life': Jerusalem's Old City suffers as war rages
The once bustling streets of Jerusalem's Old City have fallen eerily quiet, with the ongoing war between Israel and Hamas keeping away tourists and their much-needed cash. While many flights to Israel have been suspended and tour packages cancelled, a few tourists managed to reach the largely deserted Old City.
Elon Musk issues warning about 'humanoid robots' in AI 'age of abundance'
The owner of X Elon Musk on Thursday predicted the future with AI would be an "age of abundance" with a "universal high income" instead of a universal basic income but warned of "humanoid robots" that might chase humans. "A humanoid robot can basically chase you anywhere," he said.
Jury begins deliberations in Bankman-Fried crypto trial
Jurors began deliberations in the trial of Sam Bankman Fried, the one time cryptocurrency golden boy who is accused of massive fraud by stealing customer money as he built his empire.
Uber, Lyft to pay $328 mn to drivers after New York state probe
Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday. - Sick pay - Under the agreement Uber will pay $290 million and Lyft will pay $38 million.
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