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Video game giant Electronic Arts announces job cuts
Video game giant Electronic Arts announces job cuts
Technology
by  AFP

Electronic Arts on Wednesday said it is cutting about 5 percent of its workforce, as belt tightening continues in the video game and tech industries. The announcement came a day after Sony said it was cutting 8 percent of its global workforce, as video game makers find they're not immune to the wave of layoffs seen recently in the tech industry.

After uproar, Wendy's says it won't raise burger prices at peak times
After uproar, Wendy's says it won't raise burger prices at peak times
Economy
by  AFP

Restaurant chain Wendy's said Wednesday it will not raise prices for hamburgers and other items at peak times, clarifying recent comments that sparked criticism of the fast-food company. "This was misconstrued in some media reports as an intent to raise prices when demand is highest at our restaurants," Wendy's said.

India, US at loggerheads over WTO reform at Abu Dhabi talks
India, US at loggerheads over WTO reform at Abu Dhabi talks
Economy
by  AFP

A US-led push to reform the World Trade Organization's embattled dispute settlement system sparked divisions at a WTO meeting Wednesday, with India accusing Washington of bringing the trade body to a "standstill". - 'Sense of urgency' - Washington's push for reform has angered India, which accused the United States on Wednesday of bringing the WTO to a "standstill".

Saudi investment fund PIF buys into men's tennis in 'strategic' deal with ATP
Saudi investment fund PIF buys into men's tennis in 'strategic' deal with ATP
Economy
by  AFP

Saudi Arabia's Public Investment Fund (PIF) on Wednesday announced a "multi-year strategic partnership" with the ATP, the governing body of men's tennis, extending the kingdom's influence on international sport. "Our strategic partnership with PIF marks a major moment for tennis," said ATP chief executive Massimo Calvelli in the joint statement.