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Ford launches 'hands-free' driving on UK motorways
In a scene Ford hopes to see across Europe "soon", the first hands-free car model allowed on the UK's fastest roads zoomed down a motorway before slowing down as the back of a truck appeared. While the driver's hands are free, the car ensures that there is no fiddling with phones -- and that eyes are fixed on the road -- thanks to several cameras and infrared sensors.
Eurozone economic downturn steepens in July
Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday. Producers have cut their output again at an accelerated pace in July," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
UN stages food summit as more people around world go hungry
A three-day United Nations summit opened in Rome on Monday aimed at tackling a "broken" global food system where millions are starving, billions are obese and the planet is suffering. "Global food systems are broken -- and billions of people are paying the price."
British court spares Shell in climate case
A British court dismissed a lawsuit that accused Shell's leadership of mismanaging climate risks to the oil giant on Monday, but the activist investor group that brought it plans to appeal. ClientEarth said it was disappointed by the dismissal and plans to appeal.
Philips sales jump, bounces back from respirator recall
Dutch medical tech firm Philips posted a nine percent jump in second-quarter sales and a return to profit on Monday as it bounces back from a global recall of sleep respirators. The medical device maker in 2021 announced a major recall of its DreamStation machines for sleep apnoea, a disorder in which breathing stops and starts during sleep.
Twitter to be renamed X, get new logo
Twitter's owner Elon Musk and its new CEO said Sunday that the social media network would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce. Yaccarino, an advertising sales executive at NBCUniversal who Musk poached last month to become Twitter's CEO, said the social media platform was on the cusp of broadening its scope.
Asian markets mostly gain ahead of key rate decisions
Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment. Investors continue to fret over the outlook for China's economy after last week's data showing slower-than-expected growth in the second quarter.
ECB set to hike again with inflation stubbornly high
Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth. The sequence of rate hikes does not look like it will stop this week, despite moves by other central banks to slow the tempo of increases.
In age of AI, women battle rise of deepfake porn
Photo apps digitally undressing women, sexualized text-to-image prompts creating "AI girls" and manipulated images fueling "sextortion" rackets -- a boom in deepfake porn is outpacing US and European efforts to regulate the technology.
AFP
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