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Microsoft, Google beat earnings expectations amid AI frenzy
Microsoft, Google beat earnings expectations amid AI frenzy
Business and Economy
by  AFP

Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. Google has played a close second to the partnership between Microsoft and OpenAI in rolling out its AI products following the release of ChatGPT that ignited a tech frenzy.

UPS strike averted as deal reached with Teamsters union
UPS strike averted as deal reached with Teamsters union
Business and Economy
by  AFP

The Teamsters union and UPS shipping announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. In recent weeks, the prospect of a strike has raised worries among economists and among businesses that rely on the shipping giant.

Luxury giant LVMH enjoys 'excellent' first half
Luxury giant LVMH enjoys 'excellent' first half
Business and Economy
by  AFP

LVMH, the world's top luxury group, said Tuesday it enjoyed an excellent first half with net profits soaring by 30 percent to 8.48 billion euros ($9.34 billion) thanks to strong growth in Asia and Europe. LVMH's leading business group of fashion and leather goods alone saw 17 percent revenue growth to 21.2 billion euros.