AFP
13875 articles published since 08 Mar 2022
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Gaming giant Tencent's 2022 annual net profit falls 16%
Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy. Annual net profit in 2022 fell 16 percent year-on-year for the group, which owns the popular Chinese messaging app WeChat.
US Fed mulls more rate hikes after banking turmoil
US banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday after two weeks of market turmoil over the collapse of three regional lenders. The Fed will also update its GDP growth and interest-rate projections on Wednesday.
UK inflation unexpectedly accelerates
British inflation unexpectedly accelerated in February, data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates despite global markets turmoil. "But the Bank of England may well want to see hard evidence of that before it stops raising interest rates."
Manpower shortage dims solar panel boom in Germany
Balancing on a sloping tiled roof, apprentice Pascal Ode installs a solar panel under the watchful eye of his trainer. The Berlin start-up offers long-term solar panel rentals, complete with installation and maintenance.
US Fed mulls more rate hikes amid banking uncertainty
American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets. The Fed will also update its GDP growth and interest-rate projections on Wednesday. da/caw
AI vs EU: ChatGPT shakes up Brussels plans for regulation
How do you protect people using new technology when it can radically change from one day to the next? AI is in wide use, but the conversational robot ChatGPT has transformed how people view the technology -- and how regulators should monitor it to protect against risks.
Once banned, now back: Iran sees timid return of neckties
Mohammad Javad enters a fashionable shop in well-to-do north Tehran with his mother. Javad, while choosing his tie, was accompanied by his chador-clad mother, who not only encourages him to wear one but also asked the salesmen to teach her how to tie it properly for her son.
'Guns and Roses': Bulgaria arms trade booms on Ukraine war
With its huge munitions factories and endless rose fields, Kazanlak in central Bulgaria has been really living up to its "Guns and Roses" nickname since Moscow invaded Ukraine. Although Bulgaria itself has largely not sent arms to Ukraine because of the EU member's historic ties with Moscow, that is where Kazanlak's burgeoning production is mostly destined.
Chip war and censorship hobble Chinese tech giants in chatbot race
Search giant Baidu's lacklustre unveiling of its chatbot exposed gaps in China's race to rival ChatGPT, as censorship and a US squeeze on chip imports have hamstrung the country's artificial intelligence ambitions. The Beijing Academy of Artificial Intelligence, established in 2018, introduced a ChatGPT-like product two years ago.
AFP
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