AFP
13876 articles published since 08 Mar 2022
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Tech titan Amazon says profit surged to $9.9 bn as sales grew
Online retail colossus Amazon on Thursday reported profit of $9.9 billion in the recently ended quarter on growing sales and more efficient deliveries. Sales reached $143.1 billion in the recently ended quarter, up 13 percent from the same period last year, according to Amazon.
Bankman-Fried to testify at his US crypto trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial. Bankman-Fried, once one of the most respected figures in crypto, has been charged with seven counts of fraud, embezzlement and criminal conspiracy.
US economy grows at fastest rate in nearly two years
The US economy heated up in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
Turkey lifts key rate for 5th month in inflation battle
Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates. Turkey's official annual inflation rate peaked at 85 percent last October and climbed back up above 60 percent last month.
'New dangers and fears': Sunak outlines AI risks ahead of summit
UK Prime Minister Rishi Sunak said Thursday that governments must be "honest" about the risks posed by artificial intelligence, as he prepares to host a global summit on the issue in Britain next week. Bringing together world leaders, experts and others, it aims to "build a shared global understanding of the risks" posed by AI, according to Sunak's office.
'The war room': Israeli tech workers band together in hostage search
It looks like any other scrappy Tel Aviv tech start-up, with staff in hip clothing huddled around laptops and downing espressos, but they are the volunteers in a "war room" assembled to help Israel bring home the hostages. "We are a civilian war room.
Siemens Energy seeks state help as wind unit crisis deepens
Siemens Energy said Thursday it was in talks with the German government about receiving financial help as it battles problems in its wind power unit, sending the firm's shares crashing.
Japan show provides glimpse of robots as future of rescue efforts
With a drone camera, a survivor is spotted in the rubble. "My idea is to help people such as firefighters with my machines," Izu, 61, told AFP. It was Attraclab that co-developed the small delivery robot squeezing through the cardboard rubble at the Japan Mobility Show and designed the remote-control stretcher on wheels or tracks.
Mercedes profits fall due to lower sales
German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Revenue fell 1.4 percent to 37.2 billion euros, partly because passenger car sales were around five percent lower in the quarter due to a shortage of some parts.
AFP
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