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DeepSeek dims shine of AI stars
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.
Monopoly Go game maker Scopely to buy Pokemon Go team
Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday. Scopely said the deal, valued at $3.5 billion, will bring it Niantic's entire team of game makers. gc/dw
S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.
Shares in Zara owner Inditex sink despite record profit
Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.
US consumer inflation cools slightly as tariff worries flare
US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 percent last month from a year ago, down from 3.0 percent in January, said the Department of Labor.
EU hits back hard at Trump tariffs to force dialogue
The EU put on a quick show of force Wednesday against sweeping new US steel and aluminium tariffs, striking back with countermeasures that seek to hurt the United States and force it to the negotiating table. They will target US states controlled by Trump's Republican Party as well as goods that the EU believes will hurt American businesses enough to force the president to row back.
Battery maker Northvolt files for bankruptcy in Sweden
Swedish electric car battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations, the struggling company said Wednesday. The battery maker stressed that in its attempts to secure financing it had found "significant traction with potential partners and interest from investors".
German arms firm Rheinmetall seizes on European 'era of rearmament'
German arms manufacturer Rheinmetall said Wednesday moves by European capitals to up their defences and reduce their reliance on the United States were an unprecedented growth opportunity for the group. In Germany, the country's likely next chancellor Friedrich Merz has urged Europe to develop independence from the United States in defence and looked to up Berlin's military efforts.
AI chatbot helps victims of digital sexual violence in Latin America
Two women from Mexico and Ecuador who spent years fighting to be recognized as victims of online sexual violence have inspired an artificial intelligence chatbot that helps others facing abuse. - Legal advances - The two women began fighting for digital sexual abuse to be recognized as a crime in their countries, both with success.
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