AFP
13875 articles published since 08 Mar 2022
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Australia to remove monarch from banknotes
Australia announced Thursday it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The Reserve Bank of Australia said it would consult with Indigenous people on a new design that "honours the culture and history of the First Australians".
Meta reports sales fall, but beats expectations
Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring. Investors last year punished Meta, sending the company's share price down by an astonishing two thirds over 12 months, but the stock has so far recovered some of the ground in 2023.
ChatGPT: the promises, pitfalls and panic
The excitement around ChatGPT - an easy to use AI chatbot that can deliver an essay or computer code upon request and within seconds - has sent schools into panic and turned Big Tech green with envy. - Just like Google - ChatGPT is powered by an AI language model that is nearly three years old - OpenAI's GPT-3 - and the chatbot only uses a part of its capability.
US Fed unveils smaller rate hike but signals inflation fight not over
America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not yet over. The aim is to rein in inflation, which surged to its fastest pace in decades last year but has since come off a peak.
Half a million strike in UK as cost-of-living crisis bites
Half a million people stopped work over pay in Britain on Wednesday leaving transport networks paralysed and thousands of classrooms empty in the largest walkout in over a decade. "I was leaving (home) at 3:00am to go to work.
Business and consumers hamper climate fight: report
Corporations and consumers are the main obstacle to the emissions cuts needed to keep global warming to the 1.5-degree Celsius limit, researchers said Wednesday, adding that "positive signs" in other areas are not yet enough to meet climate goals.
What does hitting the debt ceiling mean for the US?
The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default as Democrats and Republicans head towards another clash on raising or suspending the country's debt limit.
EU unveils plan to counter US green subsidies, China competition
The EU on Wednesday unveiled proposals including a controversial expansion of state aid rules to counter the threat to European industry from US green subsidies and unfair competition from China. The EU's competition chief Margrethe Vestager however insisted the bloc would act carefully and the relaxation of state aid rules would be "temporary, well targeted".
US manufacturing activity contracts for third month: survey
Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. In recent months, the manufacturing Purchasing Managers Index has been at its lowest levels since the pandemic recovery began.
AFP
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