Latest News

New York ruling deals Trump business a major blow
New York ruling deals Trump business a major blow
Economy
by  AFP

The sweeping punishment meted out Friday by a New York judge on Donald Trump and his family business deals a serious blow to the former president in his longtime home market. New York Attorney General Letitia James has emphasized the chicanery exercised by Trump and his sons in the business, saying Friday that Trump was "finally facing accountability for his lying, cheating and staggering fraud."

WTO chief insists global trade body still counts
WTO chief insists global trade body still counts
Economy
by  AFP

The head of the World Trade Organization insisted Friday the WTO was still relevant as it prepares for its main gathering with few major deals on the table. WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the final touches to a further fisheries deal.

New AI-video tool by maker of ChatGPT worries media creators
New AI-video tool by maker of ChatGPT worries media creators
Technology
by  AFP

A new artificial intelligence tool that promises to create short videos from simple text commands has raised concerns along with questions from artists and media professionals. OpenAI, the creator of ChatGPT and image generator DALL-E, said Thursday it was testing a text-to-video model called "Sora" that can allow users to create realistic videos with simple prompts.

US Fed should be patient as rate cuts considered: official
US Fed should be patient as rate cuts considered: official
Economy
by  AFP

The US Federal Reserve should "resist the temptation to act quickly" as it contemplates the right time to begin interest rate cuts, a senior bank official said Friday. "We will need to resist the temptation to act quickly when patience is needed and be prepared to respond agilely as the economy evolves," she added.