AFP
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Author's articles
Where things stand on China-US trade after Trump and Xi talk
China and the United States have recently agreed to lower the temperature in their spiralling trade war, bringing a precarious end to months of back-and-forth measures between the economic and technological powerhouses.
Sri Lanka targets big fish in anti-corruption push
When Sri Lanka's economy collapsed in 2022, politicians and officials were accused of brazenly stealing the island's assets. - 'Economy collapsed' - Sri Lanka's police chief, accused of running a criminal network, was arrested and sacked earlier this year, while the prison commissioner was jailed for releasing convicts in exchange for cash.
Asian markets tumble as tech bubble fears grow
Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. Asia took up the baton in the morning, with Seoul and Tokyo the hardest hit, having just hit record highs.
New lawsuit alleges Spotify allows streaming fraud
A new lawsuit alleges streaming giant Spotify turns a blind eye to vast networks of bots that inflate streaming figures to benefit megastars such as Drake at the expense of lesser-known artists. Inflated streaming figures for high-profile performers would therefore diminish the proportion of money available for other artists.
Experts call for global panel to tackle 'inequality crisis'
Wealth inequality is a global emergency that threatens democracy and social cohesion, experts warned Tuesday, urging G20 leaders meeting in South Africa this month to establish a panel to tackle the crisis. The proposed panel on inequality was inspired by the UN's expert Intergovernmental Panel on Climate Change (IPCC), which analyses the risks of global warming and proposes solutions.
Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub
US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race. Industry in Germany, Europe's biggest economy, is especially concerned about speeding up adoption of AI to ensure it can keep pace internationally.
Pfizer profits dip on lower Covid-19 related sales
Pfizer reported a drop in third-quarter profits Tuesday as lower sales of Covid-19 products more than offset gains in other medications. Lower sales in Covid-related products were partially compensated for by gains in other products.
Spain's Telefonica shares drop on dividend cut, net loss
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. Telefonica said it would cut its dividend by half next year to 15 cents per share as part of a new five-year strategic plan as it seeks to reduce its debt.
BP profit surges despite lower oil prices
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices. Weaker oil prices hit Saudi Aramco, which reported on Tuesday a 2.3-percent drop in quarterly net profit.
AFP
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