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Chinese tech giant Tencent revenue falls for first time since going public
Chinese tech giant Tencent revenue falls for first time since going public

Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China's economic downturn, pandemic disruptions and ongoing scrutiny from regulators. "Tencent has tightened its belt as the Chinese tech industry embraces a downturn," Analyst Willer Chen at Forsyth Barr Asia told Bloomberg News.

Tech stocks sink world's biggest sovereign wealth fund
Tech stocks sink world's biggest sovereign wealth fund

Norway's sovereign wealth fund, the world's largest, shrank by some 1.68 trillion kroner ($173.2 billion) in the first half of the year, weighed down by tech stocks, the Norwegian central bank said Wednesday. On Wednesday, according to a counter on the central bank's website, the fund was valued at 12.3 trillion kroner ($1.26 trillion). phy/po/rl

Cairo blaze highlights problem of unsafe makeshift churches
Cairo blaze highlights problem of unsafe makeshift churches

An electrical fire that turned a crowded Cairo church into a deathtrap highlights a persistent problem, say Coptic Christians in majority-Muslim Egypt -- a struggle to build or renovate their places of worship. But the priest -- who lost six relatives in Sunday's fire, including three children -- also said that places of worship still require better inspections to avoid more such tragedies.