AFP
13876 articles published since 08 Mar 2022
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Netflix beats expectations on profit and subscribers
Netflix topped expectations Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion in the first three months of the year. Netflix took in $1 billion more in profit in the quarter than it did in the same period a year earlier, according to earnings figures.
Mideast in 'shadow of uncertainty' due to regional conflicts: IMF
Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday. In the face of the ongoing conflicts in Gaza and Sudan, and a recent cut to oil supplies by Gulf countries, the IMF has pared back its growth outlook for the Middle East and North Africa (MENA) region once again.
Meta releases beefed-up AI models
Meta on Thursday introduced an improved AI assistant built on new versions of its open source "Llama" large language model for powering the technology. Being open source means that developers outside of Meta are free to customize Llama 3 as they wish and the company may then incorporate those improvements and insights in an updated version.
IMF chief urges attention to war-ravaged Yemen, Sudan
International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.
Family affair: Two more Arnault sons join LVMH board
Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.
US Congress to take on TikTok ban bill -- again
The US House of Representatives will again vote Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban. "It is unfortunate that the House of Representatives is using the cover of important foreign and humanitarian assistance to once again jam through a ban bill," a company spokesman said.
Taylor Swift's 'The Tortured Poets Department' set to drop
Taylor Swift is primed to release her highly anticipated record "The Tortured Poets Department" on Friday -- the 11th studio album from the megastar who is already having a blockbuster year. The working theory is that "The Tortured Poets Department" centers on her ex, British actor Joe Alwyn, who Swift dated starting in 2016 until they broke up about a year ago.
Norway's wealth fund posts $107 bln first quarter gain
Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday. Shares, which accounted for 72.1 percent of the fund's portfolio, saw a 9.1 percent return in the first quarter, buoyed by a stock market rally amid the prospect of falling interest rates.
Taiwan chip giant TSMC's profits surge on AI demand
Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology. CFO Wendell Huang also said during an earnings call Thursday that TSMC expects its second-quarter revenues to increase by 27.6 percent.
AFP
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