AFP
13876 articles published since 08 Mar 2022
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Markets rally on Powell comments, China boosted by duty cut
Asian markets rose Monday after Federal Reserve chief Jerome Powell said officials would take a careful approach regarding interest rate hikes, while Chinese shares soared after the government cut the duty on trades. Officials also said they would slow the pace of new listings, which usually suck up market liquidity.
China developer Evergrande plunges after resuming Hong Kong trading
Shares in troubled Chinese property giant Evergrande plummeted more than 80 percent in Hong Kong on Monday morning after the lifting of a 17-month trading suspension. In March 2022, the Hong Kong stock exchange suspended trading in Evergrande shares after the company failed to publish its 2021 financial results.
US commerce secretary kicks off visit to China
US Commerce Secretary Gina Raimondo is set to hold meetings with Chinese counterparts Monday on a trip to Beijing aimed at cooling trade tensions between the world's two largest economies. - Trade tensions - Relations between Washington and Beijing have plummeted to some of their worst levels in decades, with Washington's trade curbs near the top of the laundry list of disagreements.
New airport sparks unlikely dreams in isolated north Cyprus
Isolated for almost half a century, the self-declared Turkish Republic of Northern Cyprus has just opened a half-billion-dollar airport terminal in the hope of boosting tourism. Re-elected Turkish President Recep Tayyip Erdogan attended the opening of the spacious, modern Ercan terminal last month.
'Gran Turismo' barely outraces 'Barbie' in N.America theaters
Sony's sports action film "Gran Turismo" didn't exactly roar to the front of the North American box office, but did make it there on a slow late-August weekend, beating a still-turbo-powered "Barbie."
China halves stock trade tax to boost market
China halved the stamp duty on securities transactions, state media reported Sunday, in an effort to restore confidence in the world's second-largest stock market as the country battles an economic slowdown. The stamp duty cut is expected to generate large transactions when trading resumes on Monday. ehl/de/mca/lb
London's Met police on alert after IT 'hack'
London's Metropolitan Police force said Sunday it was taking security measures after "unauthorised access to the IT system of one of its suppliers", following data breaches at other forces. "Security measures have been taken... as a result of this report," the force said in a statement.
AI revolution in video games has industry players treading warily
From generating story lines to coding entire games to turning ideas into animation, artificial intelligence is front and centre at Gamescom, one of the video game industry's biggest fairs. "We use it to generate lines of text... to get some more storytelling into the game," Linus Gaertig from Ivy Juice Games told AFP at Gamescom.
From wow to new normal: driverless cars cruise the streets of San Francisco
This California summer, passersby on the streets of San Francisco can be divided into two camps: blase locals who are used to a parade of moving cars with no drivers or gobsmacked tourists fumbling for their smartphones to capture this long-promised vision of the future.
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