AFP
20199 articles published since 08 Mar 2022
20199 articles published since 08 Mar 2022
Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC after the German group received a takeover offer worth nearly 12 billion euros ($12.8 billion). It said the "starting point" for talks was a "possible offer price" of 62 euros per share from ADNOC. This would value Covestro at 11.72 billion euros, according to an AFP calculation.
Growing up in a shanty town in Kenya's capital Nairobi, Sarah Njoroge saw her parents ban her older siblings from taking part in anti-government demonstrations, fearing the bloody crackdown that would follow.
Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker's App Store to be violating the bloc's landmark digital competition rules. The European Commission informed Apple in a "preliminary view" that the "App Store rules... prevent app developers from freely steering consumers to alternative channels for offers and content".
As the sun sets over Zimbabwe's Matobo Hills, boys throw stones to chase baboons away. - Prying ears - The Matobo Hills, a UNESCO World Heritage site famed for its distinctive rock boulders, provide some relief to Silozwe's residents.
Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking weighed on the tech sector. A surge in the tech sector has helped push markets to record or multi-year highs but concerns that the buying has gone too far have set in and profit-taking has weighed on equities in recent weeks.
Flights at the UK's third-busiest airport were being delayed or cancelled Sunday after a major power cut, the airport operator said. The Manchester Airports Group, which also operates London Stansted and the East Midlands airports, said Manchester Airport had been "affected by a major power cut in the area earlier this morning."
Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure. There, farmers have been allowed to sell their beans to buyers willing to approach the prices paid on the financial markets.
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza.
Advances in artificial intelligence are poised to drive a "massive" boom in online grocery deliveries, according to the head of Picnic, a Dutch app-only supermarket rapidly expanding into Germany and France. But the online part will grow massively," he said.
AFP
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