AFP
13876 articles published since 08 Mar 2022
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X sues hate speech tracker over Twitter reports
X is suing a nonprofit group in US federal court over reports that hate speech has flourished at the platform formerly known as Twitter. X goes on to argue in the suit that the nonprofit improperly gained access to data so it could "cherry-pick" information to back reports showing the rebranded Twitter is rife with harmful content.
Birkenstock plans to step into stock market: reports
The owners of Birkenstock are planning an initial public offering as soon as September that could value the German sandal maker at more than $8 billion, reports said Tuesday. Birkenstock and L Catterton declined to comment when contacted by AFP about the plans for the IPO, which were also reported in the Financial Times.
Caterpillar results boosted by strong demand, pricing
Caterpillar reported strong second-quarter profits Tuesday behind robust demand for industrial equipment and an improving cost environment that boosted profit margins. Profit margins topped estimates due to improved volumes and lower manufacturing costs, including freight, Umpleby said.
Meta to ask EU users' consent to share data for targeted ads
Social media giant Meta on Tuesday said it intends to ask EU-based users to give their consent before allowing targeted advertising on its networks including Facebook, bowing to pressure from European regulators. European regulators in January had dismissed the previous legal basis -- "legitimate interest" -- Meta had used to justify gathering users' personal data for targeted advertising.
Armed gang takes Piaget jewellery worth millions in Paris heist
An armed gang robbed a Paris store of luxury jewellery and watch brand Piaget on Tuesday, making off with 10 to 15 million euros worth of goods in broad daylight, police and prosecutors said. The last high-profile heist in the neighbourhood occurred in April, when three people on motorbikes robbed the Bulgari store, making off with several million of euros worth of jewellery.
Uber reports surprise profit in Q2
Uber reported a surprise profit on Tuesday, pointing to strong growth in its core mobility and delivery businesses despite missing revenue estimates. "But our mobility and delivery businesses are growing at huge rates and larger than ever."
Niger coup raises questions about uranium dependence
The military coup in Niger last week raises the question of Europe's dependency on uranium mined in the West African nation for its nuclear power plants. The company said last week that it was monitoring the situation closely but that the seizure of power by the military had not for the moment affected the delivery of uranium supplies.
Oil majors still profitabe even if super-profits gone
From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.
Pfizer trims 2023 revenue outlook as profits tumble
Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in part due to tornado damage to a key manufacturing facility. Pfizer also cited recent tornado damage to a North Carolina manufacturing facility as a drag on near-term results.
AFP
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