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Lufthansa enters race for TAP stake against Air France-KLM
Germany's Lufthansa on Thursday expressed an interest for a stake in TAP Air Portugal, joining Air France-KLM in the race for part of the carrier which is set to be privatised. Air France-KLM said Wednesday it had also formally expressed its interest to take a stake in TAP. IAG group, which includes British Airways and Iberia, has also previously said it is keen on taking a stake.
Daily pill helps people lose 10% of weight in 18 months: study
A daily pill that is cheaper and easier to take than currently available weight loss drugs helps people lose around a tenth of their body weight over nearly 18 months, a study said Thursday. This is similar to research published earlier this year that found that people with obesity but not diabetes lost around 12 percent of their body weight while taking the pill.
Spain court orders Meta to compensate media for 'unfair competition'
A court in Spain said Thursday it has ordered Facebook owner Meta to pay local media outlets 479 million euros ($552 million) in compensation for "unfair competition" plus 60 million euros in interest. AMI had been seeking 551 million euros in compensation.
Memory chip crunch set to drive up smartphone prices
Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as AI data centres hoover up memory chips used in consumer electronics.
Stocks rally as bumber Nvidia report offsets Fed rate concern
Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut. "There's been a lot of talk about an AI bubble," he told an earnings call.
Nvidia reports 'off the charts' demand for AI chips
Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.
Many US Fed members inclined against December cut: minutes
Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a move sure to infuriate President Donald Trump as he pushes for lower rates. According to the minutes released Wednesday, "participants expressed strongly differing views about what policy decision would most likely be appropriate" in December.
Swiss queasy over chlorinated chicken fears in US tariff deal
Relief has given way to anxiety in Switzerland over the concessions made to spare the small Alpine nation from US President Donald Trump's threat of a stark 39 percent tariff. A factsheet published by the White House revealed that Switzerland agreed to recognise US vehicle safety norms, raising questions over whether the polarising cars will soon be a fixture of the country's alpine roads.
China, Netherlands move to resolve Nexperia chip row
The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of "good will", a move China welcomed as a positive "first step". "We see this as a show of good will," he said of his move to suspend the takeover, vowing to continue talking to Chinese officials.
AFP
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