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Starbucks points to weaker consumer as profit falls
Starbucks points to weaker consumer as profit falls
Economy
by  AFP

Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss. Starbucks has taken note of a large number of cases where consumers begin digital orders and do not follow through with a transaction.

Amazon triples quarterly profit as cloud surges
Amazon triples quarterly profit as cloud surges
Technology
by  AFP

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. The embrace of AI has boosted sales of its key cloud services, such as Azure, a rival of AWS. Like most tech titans, Amazon faces increased regulatory scrutiny.

Vienna conference urges regulation of AI weapons
Vienna conference urges regulation of AI weapons
Technology
by  AFP

The world should establish a set of rules to regulate AI weapons while they're still in their infancy, a global conference said on Tuesday, calling the issue an "Oppenheimer moment" of the time. He warned now was the "time to agree on international rules and norms to ensure human control".