AFP
13875 articles published since 08 Mar 2022
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Spotify to cut 200 staff working with podcasts
Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations. In January, following similar moves by other tech industry giants, the streaming giant announced it was cutting around 600 jobs.
France announces massive state aid to chips factory
France is ploughing 2.9 billion euros ($3.1 billion) of public money into a factory to make microchips, officials said on Monday, heating up a global race for the lucrative market. The funding would go towards a 7.5-billion-euro project announced last year to be run by European multinational STMicroelectronics and US company GlobalFoundries.
Air travel to soar near record in 2023: industry group
Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday. The pandemic devastated the airline industry, which lost $137 billion when countries imposed lockdowns and closed borders in 2020.
UBS says to complete Credit Suisse takeover on June 12
Swiss banking giant UBS is expected to complete its takeover of crisis-hit domestic rival Credit Suisse as early as June 12, the two lenders said on Monday. "UBS expects to complete the acquisition of Credit Suisse as early as 12 June 2023.
Markets extend global rally after 'Goldilocks' US jobs data
Asian equities on Monday built on a global rally after a mixed US jobs report lifted hopes the Federal Reserve will hold off hiking interest rates this month. The crude market has come under pressure in recent months on concerns that a year of rate hikes by central banks would spark recessions and hit demand, while China's post-zero-Covid rally has run out of steam.
Apple mixed-reality headset to take aim at the metaverse
Apple on Monday is expected to show off pricy mixed-reality headgear at its annual Worldwide Developers Conference, challenging Facebook-owner Meta in a market that has yet to sizzle. "It wants to get its device into the hands of early adopters and developers, who will start to build a (mixed reality) ecosystem around Apple software."
Here Comes the AI: Fans rejoice in 'new' Beatles music
When the Beatles broke up more than 50 years ago, devastated fans were left yearning for more. After the most influential band in history parted ways acrimoniously, fans were deprived of a final "happy ending," he said.
Snowden leaks at 10 years: more data more controls
In 2013 US intelligence contractor Edward Snowden stunned the world with revelations that the massive US spy apparatus was secretly sucking up communications and private data on people around the world, from the lowest social media poster to the phone calls of German chancellor Angela Merkel.
Fossil fuelled: Climate talks begin with spotlight on oil chief
The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.
AFP
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