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19981 articles published since 08 Mar 2022

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Asian stocks track latest Wall St rally as rate bets rise
Asian stocks track latest Wall St rally as rate bets rise
Economy

Asian markets rose again Thursday to extend the week's global rally as traders ramp up bets on a third successive US interest rate cut next month. The global gains come after markets took a hit this month on concerns that a tech-led surge in recent years may have been overdone and the vast sums invested in the AI sector will take some time to see returns.

Japan beer giant Asahi delays earnings due to cyberattack
Japan beer giant Asahi delays earnings due to cyberattack
Economy

Japanese beer giant Asahi said Thursday it has delayed the release of full-year financial results due to a major ongoing cyberattack that began in late September. "While the Company is making every effort to restore the system as quickly as possible, it has decided to postpone the announcement of financial results for the fiscal year ending December 31, 2025," Asahi said in a statement.

Campbell's responds to 'absurd' charge it uses 3D-printed chicken
Campbell's responds to 'absurd' charge it uses 3D-printed chicken
Economy

Food giant Campbell's has dismissed as "absurd" claims allegedly made by a senior executive, who has since been placed on leave, that its soups are made with "3D-printed" chicken and consumed by "poor people." In the audio, a voice -- allegedly Bally's -- is deriding Campbell's "highly processed foods" as "shit for ... poor people."

US farmers, firms flag higher costs even as Trump touts affordability
US farmers, firms flag higher costs even as Trump touts affordability
Economy

As biting prices weigh on families heading into the US holiday season, farmers and business owners say President Donald Trump's tariffs have driven up production costs on everything from turkeys to vegetables. Some small business owners say they struggle to survive, even as the year-end shopping season approaches.

UK allows new oil, gas drilling in existing North Sea fields
UK allows new oil, gas drilling in existing North Sea fields
Economy

Britain's government signalled Wednesday it could issue permits for oil and gas extraction around existing North Sea fields, despite a promise to halt licences for new production in the area. The government said it aims to "manage existing oil and gas fields for their lifespan and not to issue new licences to explore new fields".

Insurance giant Allianz signals job cuts in AI shift
Insurance giant Allianz signals job cuts in AI shift
Economy

German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence with a report saying up to 1,800 roles, mainly in call centres, could be axed. Many companies have been announcing job cuts due to adoption of AI as the boom in the technology gathers pace. sr/fz/rl

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