AFP
13876 articles published since 08 Mar 2022
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Everybody hurts: Los Angeles suffers as Hollywood strike hits 100 days
In his dry cleaning shop near the Warner Bros. and Disney studios, Tom Malian looks in despair at a carousel mostly empty of the shirts, jackets and pants it held before Hollywood went on strike. In her hair salon near the Warner Bros. studio, Roxanne Schreiber says she is also hoping for a compromise.
ESPN signs deal to create branded US gambling sportsbook
Sports broadcaster ESPN announced Tuesday it has signed a licensing deal with Penn Entertainment to create a branded sportsbook for US audiences that will launch later this year.
NASA may delay crewed lunar landing beyond Artemis 3 mission
NASA's Artemis 3 mission, set to return humans to the Moon in 2025, might not involve a crewed landing after all, an official said Tuesday. But it is during the Artemis 3 mission planned for December 2025 that NASA has planned its grand return to the Moon with humans for the first time since 1972, this time on the lunar south pole, where the ice can be harvested and turned into rocket fuel.
Canada media seek probe of Meta's news block
Media on Tuesday asked Canada's competition watchdog to investigate Meta's blocking of news articles on Facebook and Instagram, accusing the tech giant of using its dominance to gobble up online advertising money. Meanwhile, Facebook and Instagram together account for more than 70 per cent of the online social media market in the country, according to the media associations.
Germany gets Taiwan chip giant TSMC's first European plant
Taiwanese chip giant TSMC agreed Tuesday to plough $3.8 billion (3.5 billion euros) into a new semiconductor factory in Germany, lending a major boost to Europe's efforts to bring production onto the continent. The ambition set by the EU under its "Chips Act" is to increase Europe's slice of global semiconductor production to 20 percent by 2030.
US trade gap narrows in June on imports pullback
The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday. The goods trade deficit with China declined to $22.8 billion, on a bigger drop in imports than exports.
UPS lowers 2023 forecast after Teamsters union agreement
UPS lowered its full-year outlook on Tuesday, citing the volume effects and higher costs of its recent labor negotiation as the shipping company reported a drop in quarterly profits. Profits in the second quarter dipped five percent to $2.1 billion, while revenues dropped 11 percent to $22.1 billion.
Italy bank shares fall on govt's surprise windfall tax
Shares in Italian banks plunged early Tuesday after the country's right-wing cabinet approved a surprise 40 percent windfall tax on "surplus profits" generated by the rise in interest rates. He told reporters in Rome after the cabinet meeting that the tax would be levied on banks' "surplus profits" generated by the European Central Bank's interest rate hikes.
China drafts rules for using facial recognition data
Firms using facial recognition in China will be required to obtain consent or legal permission before collecting personal information, draft regulations released Tuesday said, while stipulating the rules would not apply to some bodies. But, it stipulated, the rules would not apply to those "not required by laws and administrative regulations to obtain personal consent".
AFP
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