AFP
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Most Asian markets fall after strong US data, eyes on inflation
Asian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week. Bitcoin fell slightly, having hit a fresh record high above $70,000 for the first time on Friday as demand picks up and traders grow optimistic about the prospect of interest rates coming down this year.
Proliferating 'news' sites spew AI-generated fake stories
A sensational story about the Israeli prime minister's "psychiatrist" exploded online, but it was AI-generated, originating on one of hundreds of websites researchers warn are churning out tech-enabled fiction masquerading as news.
Activists protest Tesla plant expansion in Germany
Several hundred people demonstrated Sunday against plans by Tesla to expand its electric car factory near Berlin, citing environmental concerns. A smaller counter-protest was held Sunday in support of the Tesla factory, with participants citing economic benefits for the region.
In climate push, German chemical maker swaps oil for sugar
At one of Europe's largest chemical complexes, German group Covestro is trialling the manufacture of a key product using sugar as a base material instead of oil, as the industry seeks to reduce its carbon footprint. Aniline is used as the base ingredient for chemical MDI, which is an essential material in manufacturing foams.
China tightens grip over internet during key political meeting
China tightens grip over internet during key political meeting
False GPS signal surge makes life hard for pilots
False GPS signals that deceive on-board plane systems and complicate the work of airline pilots are surging near conflict zones, industry employees and officials told AFP. A ground collision alert sounds in the cockpit, for instance, even though the plane is flying at high altitude -- a phenomenon affecting several regions and apparently of military origin.
US embrace of remote working empties offices, weighs on banks
The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks. With empty buildings in cities of all sizes, retailers servicing employees who used to work there are also under pressure, Powell added.
In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally
Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise. Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date in comparison to bitcoin's 61 percent rise.
Led by Musk, Silicon Valley inches to the right
Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats.
AFP
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