AFP
19716 articles published since 08 Mar 2022
- All (19716)
- Economy (7935)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
AI giants turn to massive debt to finance tech race
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race to lead in artificial intelligence. The trend toward debt is new for internet giants long accustomed to having ample cash flow to pay for what they want.
Shein set to open first physical store in Paris
Controversial online fast-fashion seller Shein will open its first bricks and mortar store in the world in Paris next week, its new landlord announced Friday. Since the Shein announcement was made Disneyland Paris has abandoned plans to open a pop-up store in BHV while workers at the Paris store have staged a strike over the plan.
Nvidia to supply 260,000 cutting-edge chips to South Korea
US tech giant Nvidia said on Friday it will supply 260,000 of its most cutting-edge chips to South Korea, as CEO Jensen Huang met President Lee Jae Myung and the heads of Korea's biggest companies on the sidelines of the APEC summit. - Chicken and chips - Huang has sought to forge closer ties with South Korean tech giants in his visit to the country this week.
Asia markets mostly up on heels of Apple, Amazon earnings
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Amazon also reported earnings that were better than expected, driven by surging demand for its cloud computing services.
Caught between Venezuela and US, Trinidad fishermen fear the sea
A stone's throw from Venezuela, in the eye of a political storm fueled by a US naval deployment, fishermen from the archipelago of Trinidad and Tobago fear getting caught up in the tumult. But he does not dare venture far in the current political climate, fearing he will be caught and sent back. esp/pgf/ms/mlr/mlm
Sales of 'services' help Apple beat earnings forecasts
Apple on Thursday reported profit of $27.5 billion in the recently ended quarter, powered by iPhone and services revenue. "Apple is very proud to report a September quarter revenue record," chief executive Tim Cook said in a release.
Amazon shares surge as AI boom drives cloud growth
Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services.
Saudi chases AI ambitions with homegrown firm pitched to global investors
Powered by its sovereign wealth fund of nearly $1 trillion, Saudi Arabia is backing its new AI firm Humain, entering a highly competitive sector some fear is a bubble ready to burst.
UN climate fund posts record year as chief defends loans
The head of the UN's flagship climate fund has announced a record-breaking year for approving projects in vulnerable countries, crediting red-tape-cutting reforms for the achievement that includes a major desalination project in Jordan.
AFP
Load more