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Taiwan tech giant Foxconn's 2024 profit misses forecasts
Taiwan tech giant Foxconn's 2024 profit misses forecasts
by  AFP

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust. Apple said recently it would team up with Foxconn later this year to begin producing servers that power the cloud components of Apple Intelligence in Houston, Bloomberg reported.

UK economy unexpectedly shrinks in January in blow to govt
UK economy unexpectedly shrinks in January in blow to govt
by  AFP

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer, who has put growing the UK economy at the top of his mission since Labour won a general election in July.

UniCredit gets ECB nod for Commerzbank stake
UniCredit gets ECB nod for Commerzbank stake
by  AFP

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

BMW warns on tariffs, China as 2024 profits plunge
BMW warns on tariffs, China as 2024 profits plunge
by  AFP

German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year. The Munich-headquartered group joins other German automakers in reporting sharply lower profits amid a choppy transition to electric vehicles and slowing demand in key market China.

East DR Congo mines mint Rwanda-backed M23's fortune
East DR Congo mines mint Rwanda-backed M23's fortune
by  AFP

Mine shafts snake under the eastern Democratic Republic of Congo's mountains, but instead of the Congolese government their rich veins are making a mint for the Rwanda-backed M23. - 'Forced labour' - Sources close to the Congolese government accuse Rwanda of leading a war for control of the region's particularly fertile agricultural land.

Meta tests 'Community Notes' to replace fact-checkers
Meta tests 'Community Notes' to replace fact-checkers
by  AFP

Social media giant Meta on Thursday announced it would begin testing its new "Community Notes" feature across its platforms in the United States next week, as it shifts away from third-party fact-checking toward a crowd-sourced approach to content moderation.

Most Asian markets rise on hopes for bill to avert US shutdown
Most Asian markets rise on hopes for bill to avert US shutdown
by  AFP

Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump's trade war. However, Asian markets enjoyed a broadly positive Friday amid hopes Congress will pass a bill to avert a painful government shutdown.