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S.Korea president announces record $19bn plan to boost chip industry
South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry. - Key sector - The plan will also create a "semiconductor ecosystem fund" worth a trillion won, which will support fabless companies and small and medium enterprises linked to the industry.
Russian assets plan for aiding Ukraine to dominate G7 meet
G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.
Asian shares mixed after Fed minutes, while Nvidia provides support
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.
Flower or power? Campaigners fear lithium mine could kill rare plant
Delicate pink buds sway in the desert breeze, pregnant with yellow pompoms whose explosion will carpet the dusty corner of Nevada that is the only place on Earth where they exist. There are only around 20,000 known specimens, growing in a few very specific places on a total surface area equivalent to around five soccer fields.
News Corp makes deal to let OpenAI use its content
News Corp on Wednesday announced a deal to let ChatGPT-maker OpenAI use content from its publications in artificial intelligence products. Authors, artists, and news groups have been accusing OpenAI and its rivals in the generative artificial intelligence market of using copyrighted content for training models without asking permission or paying.
US lawmakers seek to clean up crypto regulation 'food fight'
The US House of Representatives on Wednesday adopted a bill that would create a new legal framework for digital currencies, in a move cheered by crypto supporters but opposed by consumer groups who say it fails to protect investors.
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Argentine economic activity plunges amid austerity drive
Argentina's economic activity continued to plummet in March, with the construction and manufacturing industries leading the slowdown as President Javier Milei's government slashes spending, official figures showed Wednesday.
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.
AFP
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