AFP
13875 articles published since 08 Mar 2022
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Schultz defends Starbucks' tough union stance in testy hearing
Longtime Starbucks leader Howard Schultz defended the coffee chain's confrontational approach to unionization Wednesday, while insisting it had not violated US labor law in countering the campaign.
Credit Suisse concealed more than $700 mn from US govt: Senate
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.
Level playing field: US Congress debates fair pay for college athletes
US lawmakers heard proposals Wednesday for a new national standard regulating how college athletes are paid for their image rights -- one of the most polarizing issues in the sporting landscape. Fairness in student sports is a vexed issue that has prompted lawmakers to propose multiple bills in recent years.
US VP unveils $1bn for African women's empowerment
The United States Vice President Kamala Harris announced a more than $1 billion initiative to improve women's economic empowerment in Africa on Wednesday at the end of the first leg of a three-nation trip to the continent. Another $528 million in private sector financing will help support women's economic empowerment in Africa, the statement said.
Nigeria's cash shortage eases after strike threat
A lingering cash crunch in Nigeria, which saw long lines of customers at banks and cash dispenser machines was easing on Wednesday after the central bank reissued old naira notes back into circulation. Buhari in February allowed a smaller note of old 200 naira to re-circulate to ease the scarcity, but problems persisted. joa/pma/bp
Montenegro says US, S.Korea seek extradition of crypto fugitive
The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said Wednesday, just days after he was arrested in the Balkan nation.
Rare pink diamond worth $35 mn set for auction in New York
A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million, is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June. The 10.57-carat stone is being marketed as the most valuable purplish-pink diamond ever brought to auction, with the highest ever pre-auction price per carat estimate, according to Sotheby's.
Musk and experts call for halt in 'giant AI experiments'
Billionaire mogul Elon Musk and a range of experts called on Wednesday for a pause in the development of powerful artificial intelligence (AI) systems to allow time to make sure they are safe. "Therefore, we call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4."
Spain competition watchdog opens Google probe
Spain's competition watchdog has launched an investigation into Google for alleged anti-competitive practices affecting news agencies and press publications. "Specifically, these practices consist of the possible imposition of unfair commercial conditions on publishers of press publications and news agencies established in Spain for the exploitation of their copyrighted content," it added.
AFP
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