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Asian markets retreat ahead of US jobs as tech worries weigh
Asian markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble. Worries over the tech sector were also weighing on sentiment, with recent warnings about an AI-fuelled bubble compounded by weak disappointing earnings last week from Oracle and Broadcom.
Famed Jerusalem stone still sells despite West Bank economic woes
Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the occupied West Bank, proudly points to an armada of machines busy eating away at sheer walls of dusty white rock that stretch into the distance. The physical demands of working in a quarry are intense, but for many Palestinians there are few other options as the West Bank's economy wilts.
Trump sues BBC for $10 billion over documentary speech edit
US President Donald Trump on Monday filed a lawsuit seeking at least $10 billion from the BBC over a documentary that edited his 2021 speech to supporters ahead of the US Capitol riot.
Will OpenAI be the next tech giant or next Netscape?
Three years after ChatGPT made OpenAI the leader in artificial intelligence and a household name, rivals have closed the gap and some investors are wondering if the sensation has the wherewithal to stay dominant. Rivals Amazon, Meta and OpenAI-investor Microsoft have deep pockets the ChatGPT-maker cannot match.
French minister urges angry farmers to trust cow culls, vaccines
France's agriculture minister Monday defended planned mass cattle culls and vaccines to control an infectious bovine disease, after farmers vowed no let-up in their protests against what they view as excessive slaughtering. Agriculture Minister Annie Genevard on Monday urged farmers to have faith in the plan.
EU faces key summit on using Russian assets for Ukraine
EU leaders are under pressure to hammer out how to keep financing Ukraine at a summit starting Thursday -- with key player Belgium resisting a push to use frozen Russian assets. EU officials have promised leaders will not leave the summit until they agree how to keep funding Ukraine -- setting up potentially marathon talks in Brussels.
Small firms join charge to boost Europe's weapon supplies
European nations have committed themselves to huge hikes in spending on weapons, with giant defence firms reaping the early rewards -- but the signs are that smaller companies and investors are now beginning to mobilise.
German shipyard, rescued by the state, gets mega deal
German shipyard Meyer Werft has received a mega order worth up to 10 billion euros ($11.7 billion), officials said Monday, a boost for the shipbuilder after a state rescue last year. "We talk about shipyards differently than we did even two years ago because they are systemically important," said Olaf Lies, minister president of Lower Saxony state, where Meyer Werft has its headquarters.
Spain fines Airbnb 64 mn euros for posting banned properties
Spain's leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.
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