AFP
13876 articles published since 08 Mar 2022
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Changpeng Zhao, the 'normal guy' who conquered crypto
During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who will be sentenced in the United States later Tuesday for money laundering, perfected the humble executive look.
European satellite giant SES to buy US rival Intelsat
European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink. The sector faces growing competition for space-based internet service, which satellite operator Eutelsat says could be worth $16 billion by 2030.
Chinese tech giant Huawei profit surges 564%, biting into Apple sales
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.
Record gold prices boost recycling: industry
Record gold prices have sent recycling of the precious metal to the highest level in more than three years, as consumers cash in on jewellery, an industry body revealed Tuesday.
Abu Dhabi-backed group ends Telegraph takeover bid
An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal. However, last month the UK government said it would bring forward legislation to block such state-backed takeover deals in the industry, while Culture Secretary Lucy Frazer also mulled a full regulator probe.
French charity boycotts Olympic torch relay over Coca-Cola
A French environmental charity said it had turned down the chance to take part in the torch relay ahead of the Paris Olympics over the role of Coca-Cola as a major sponsor. But it announced on Monday that it would not take part in the torch relay which will begin in Marseille on May 8, thanks in part to financing from premium Olympics sponsor Coca-Cola.
EU probes Facebook, Instagram over election disinformation worries
The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June. - Meta's wide reach - Brussels is especially concerned that Meta does not have an "effective" tool in place to monitor elections ahead of EU-wide polls June 6 to 9.
Eurozone economy rebounds in first quarter, inflation stable in April
The eurozone economy emerged from recession with greater than expected growth in the first quarter of 2024 and inflation under control, official data showed Tuesday. But the figures showed the eurozone economy had slipped into a technical recession in the second half of last year after gross domestic product retreated by 0.1 percent in the last two quarters of 2023.
French media scion resigns after embezzlement charge
French media baron Arnaud Lagardere resigned Tuesday as chief executive of the sprawling group of the same name after being charged with misuse of corporate funds. The firm said the charges "largely relate to companies belonging personally" to Arnaud Lagardere, rather than those that are part of the publicly-traded Lagardere SA group.
AFP
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