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Berlin says Rosneft subsidiaries not impacted by US sanctions
US sanctions targeting Rosneft will not impact the Russian oil giant's German subsidiaries, the German government told AFP Tuesday, downplaying fears their operations could be affected as they were not formally excluded.
Musk launches Grokipedia to rival 'left-biased' Wikipedia
Elon Musk's company xAI has launched a website called Grokipedia to compete with online encyclopedia Wikipedia, which he and others on the American right wing have accused of ideological bias. Several right-wing figures welcomed the launch of Grokipedia.
Amazon cuts staff by 14,000
US online retail and cloud computing giant Amazon said Tuesday that it is reducing its workforce by 14,000 posts to streamline operations as it invests in artificial intelligence, without saying where the cuts will be made. Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient.
European court clears Norway of climate misconduct over oil licences
The European Court of Human Rights said Tuesday that Norway did not breach its climate obligations when it awarded Arctic oil and gas exploration licenses in 2016. "The court clearly finds that we are not breaching human rights," he told AFP in an email.
Asian markets cool as Trump hails ties on Japan trip
Asian markets cooled off Tuesday after the previous day's surge as traders digested Donald Trump's visit to Asian ally Japan, ahead of his high-stakes talks with Chinese President Xi Jinping later this week. In Tokyo on Tuesday, Trump met new Japanese Prime Minister Sanae Takaichi, declaring that the United States was "an ally at the strongest level".
HSBC profit falls in third quarter, hit by legal woes
HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday, with the banking giant's bottom line weighed down by legal provisions related to the late Bernard Madoff's huge investment fraud. The profit of $7.3 billion -- down 14 percent from the same quarter last year -- reflected an increase in operating expenses and included legal provisions of $1.4 billion, HSBC said.
Takaichi, Trump swap praise for 'new golden age' of ties
Japan's new premier Sanae Takaichi lavished US leader Donald Trump with praise and vows of a "golden age of ties" on his visit to Tokyo Tuesday, before inking a deal with Washington aimed at securing critical minerals. The two sides also signed an agreement aimed at "achieving resilience and security of critical minerals and rare earths supply chains," a statement said.
Meta and TikTok to obey Australia under-16 social media ban
Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce. Australia will from December 10 force social media platforms such as Facebook, Instagram and TikTok to remove users under the age of 16.
Amazon to cut 30,000 office jobs: media reports
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports.
AFP
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