AFP
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Author's articles
Whisky lifts spirits of inflation-hit investors
The smell of ageing whisky, known as the angel's share, wafts across from 9,000 oak barrels stored from floor to ceiling in two vast warehouses at Scotland's historic Annandale Distillery. "Annandale as a distillery doesn't offer returns on investment," he insisted.
Theranos founder Holmes reports to prison in Texas
Disgraced biotech star Elizabeth Holmes began serving her 11-year sentence for defrauding investors in a Texas prison on Tuesday. Balwani was sentenced to nearly 13 years and is currently serving his time at a federal prison in California.
Crypto here to stay, must be regulated: Hong Kong treasury chief
Hong Kong has decided to let retail investors trade cryptocurrency under its new regulatory regime because "virtual assets are going to stay", the city's minister overseeing financial services said Tuesday.
France opens its first electric car battery factory
France launched its first factory for electric vehicle batteries on Tuesday, taking a big step in its race to build up a sector dominated by China. - 'Battery Valley' - Europe is racing to step up its production of batteries and electric vehicles as the European Union has set a 2035 deadline to phase out the sale of new fossil fuel cars.
Elon Musk meets Chinese FM in Beijing
Elon Musk met Foreign Minister Qin Gang in Beijing on Tuesday, the ministry said, as the Tesla CEO embarks on his first trip to China in more than three years. On Tuesday, Qin and Musk discussed relations between China and the United States, according to Beijing, with the Chinese foreign minister saying the two countries should "apply the brakes in a timely manner to avoid dangerous driving".
How drone warfare has evolved in Ukraine
From tiny quadcopters buzzing over front-line trenches with cameras and grenades to flying bombs lugging warheads weighing dozens of kilogrammes (pounds) into Kyiv and Moscow, drones have marked the Ukraine war like none before it. - Front lines - The vast majority of drones are smaller models used on the front lines for both reconnaissance and attack.
AI poses 'extinction' risk, say experts
Global leaders should be working to reduce "the risk of extinction" from artificial intelligence technology, a group of industry chiefs and experts warned on Tuesday. Several of the signatories, including Geoffrey Hinton, who created some of the technology underlying AI systems and is known as one of the godfathers of the industry, have made similar warnings in the past.
Stock markets wobble as traders await US debt ceiling vote
Stock markets wobbled Tuesday as a deal to hike the US debt ceiling and avoid a painful default goes to a vote in Congress this week. "A deal may have been struck on the debt ceiling, but it's not fully calmed nervousness on financial markets," noted Susannah Streeter, head of money and markets at stockbroker Hargreaves Lansdown.
Norway fund to reject all-male boards in Japanese firms
Norway's sovereign wealth fund, the world's biggest, will from now on vote against the nomination of all-male boards in Japanese companies, a senior fund official said Tuesday. In March, the fund already voted against the nomination of the chairman of the board of electronics group Canon.
AFP
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