AFP
13875 articles published since 08 Mar 2022
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US announces $1.2 bn in new military aid for Ukraine
The United States on Tuesday announced a new $1.2 billion security assistance package for Ukraine to boost the country's air defenses and provide it with additional artillery ammunition.
LinkedIn closes China service, cuts over 700 jobs
Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate". "Despite our initial progress, InCareer faced fierce competition and a challenging macroeconomic climate, which ultimately led us to the decision of discontinuing the service," LinkedIn said.
Nintendo banks on 'Zelda' to boost fortunes
Japanese video game giant Nintendo is banking on the latest instalment of its 40-year-old saga "Zelda" to breathe life into its business, after forecasting a drop in profits this year. The company forecast a drop in net profit by 21 percent this year compared with last year.
Carrefour opens first foreign supermarkets in Israel
French retailer Carrefour inaugurated on Tuesday 50 stores in Israel, becoming the first foreign supermarket chain with branches in the country whose residents struggle with a high cost of living. "We know that the expectations for Carrefour Israel are high, and we want to live up to those expectations...
Royal Mail CEO to depart after delivery failures: report
The boss of Royal Mail is set to leave his post after lawmakers criticised the former state-monopoly's performance, which has been hit by mass strikes, Sky News reported Tuesday. Set up more than 500 years ago, Royal Mail has experienced much turbulence since its privatisation in 2013.
UBS keeps Credit Suisse CEO for leadership team in merger
Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join its leadership team following the takeover of its fallen domestic rival. Koerner will be the only top manager from Credit Suisse to join the executive board after the bank is absorbed by UBS, which expects the mega merger to be wrapped up "in the next few weeks".
Vietnam to demand social media users verify identities
Vietnam plans to ask all social media users on platforms such as Facebook, YouTube and TikTok to verify their identities, citing the need to combat online scams. Facebook, TikTok and YouTube do not ask users in Vietnam to verify their identity.
UBS says Credit Suisse CEO to join board in mega merger
Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover of its fallen domestic rival.
iPhone maker Foxconn buys huge site in India tech hub
Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.
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