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Disney use of AI for Marvel TV series spooks Hollywood
The use of artificial intelligence in the new Marvel superhero series "Secret Invasion" has sparked anxiety and anger in Hollywood, at a time when television and film writers are already striking over their uncertain futures. Method Studios, the company credited with creating the main titles for "Secret Invasion," said AI was "just one tool among the array of tool sets our artists used."
US county sues oil companies for $51 bn over 'Heat Dome' disaster
A county in the northwestern state of Oregon on Thursday filed a lawsuit against major fossil fuel corporations seeking more than $51 billion over the 2021 "Heat Dome," one of the United States' deadliest ever weather disasters.
Dutch court says Angola's dos Santos diverted millions
A Dutch court has ruled that Isabel dos Santos, the daughter of Angola's late former president, illegally diverted 52 million euros from the southwestern African nation's state oil company.
Five things to know about Zambia
Copper-rich Zambia, the first African country to default on its debt during the Covid pandemic, on Thursday secured a deal from creditors to restructure its debt at a global finance summit in Paris. - Crippled by debt - In 2020, Zambia became the first country in Africa to default on its foreign debt since the start of the Covid-19 pandemic.
Ford-backed electric battery venture approved for $9.2bn US loan
A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday.
Church of England dumps all oil and gas investments
Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns. "With the 2021 exclusions and those announced today, the Church Commissioners (for England) will have excluded all oil and gas majors," it said.
US home sales tick up in May but activity muted
Sales of existing homes in the United States edged up in May but activity remained muted on tighter supply and with interest rates still elevated, according to industry data released Thursday. Another factor, however, is available inventory and "existing-home sales activity is down sizably due to the current supply being roughly half the level of 2019," Yun said in a statement.
Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said. AD Ports Group has formed a joint venture with another UAE company, Kaheel Terminals, to take over berths from Karachi Port Trust (KPT), the state-owned handling agency.
US Fed official says more rate hikes necessary
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation. "Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year," he said, adding that "a big majority" believe two additional hikes will be needed this year.
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