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Microsoft lays off 1,900 staff after Activision gaming buyout
Microsoft is laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidates the blockbuster buyout of "Call of Duty" maker Activision Blizzard. Spencer told employees that Microsoft and Activision were committed to finding a "sustainable cost structure" to grow the gaming business, which employs 22,000 people and includes the Xbox division.
US new home sales up in 2023, boosted by limited existing supply
Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated. Key factors encouraging buyers, according to analysts, were a dip in mortgage rates at the end of last year as well as the continued lack of supply in the existing home market.
US growth picks up in 2023 on jobs and consumer spending
US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign. At the start of 2023, analysts expected consumer spending to lose steam as households drew down on accumulated savings during the Covid-19 pandemic and as borrowing costs stayed high.
Balletcore, dunes and vamps at Paris couture week
Haute couture week in Paris showcases the fashion world's most elite outfits -- one-off, made-to-measure creations that the labels hope will adorn red carpets and high society events around the world. This time, he was inspired by insects, with huge glittering moths and bees adorning some outfits, and several turbans and maharajah outfits in the collection.
Nokia sees 'challenging' 2024 after profits plunge
Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023. "We expect the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter," he added.
Fuming French farmers pile pressure on Paris
France's government scrambled on Thursday to come up with answers to farmers blocking motorways and demonstrating at public buildings across the country, after a fuel tax rise detonated long-standing resentments.
Lagos styrofoam, plastics ban brings applause and concern
From trash-strewn pavements to street vendors packing meals in polystyrene containers, plastic waste is a constant menace in the urban landscape of Lagos, Nigeria's economic capital and the continent's most populous city.
Memory chip giant SK Hynix returns to profit on strong AI demand
The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence. SK Hynix is South Korea's second most valuable company, with market capitalisation of more than 101 trillion won, trailing Samsung Electronics' 443 trillion won.
'We don't hit women': How Yakuza differs from GTA
The "Yakuza" gangster series has long been seen as a Japanese "Grand Theft Auto" but Masayoshi Yokoyama, one of the main designers of the hugely successful games, dismisses any such comparison. "The plots of the games in the series have gradually moved away from purely yakuza themes to focus on social issues and the story no longer only concerns the underworld," Yokoyama said.
AFP
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