When David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, energy-intensive tool like ChatGPT, or go their own way. In starting the company, Ha has put down roots in Japan, which "has its problems" but remains "a leading democracy in Asia", he said.
The Central Bank of Nigeria's efforts to clear FX backlogs and recent interest rate hikes are credited by the International Monetary Fund with stabilizing the naira.
French luxury group Hermes posted Thursday a jump in third quarter sales, bucking the overall gloom in the sector caused by falling sales in China. China is the world's biggest spender in the luxury sector, accounting for half of global sales.
British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting. Net profit at Barclays UK jumped 17 percent in the third quarter and by 12 percent at its investment banking division.
Taiwanese chipmaking giant TSMC halted shipments to a customer this month after its semiconductors were sent to China's Huawei, a Taipei government official told AFP, potentially breaching US sanctions.
Italian priest Davide Marcheselli has been fighting for years against Chinese companies illegally mining gold in the town of Kitutu in eastern Democratic Republic of Congo. - Access denied – In the town of Kamituga, some 40 kilometres (25 miles) from Kitutu, gold mining is in full throttle.
The countries bordering the North Sea meet in Denmark on Thursday to seal commitments to boost offshore wind power, a sector that is suffering from stiff competition from China.
While the outcome of next month's US presidential election remains on a knife-edge, analysts say that for many in China the consequence is the same whoever emerges victorious: more tariffs, more tensions and a trade war that shows no sign of easing.
Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike. The extension of the strike adds to the troubles facing Boeing and its new CEO Kelly Ortberg, who earlier Wednesday expressed measured optimism the latest contract would be ratified.
Microsoft's ambition to become the "Netflix of video games" faces a huge test this week with the release of "Call of Duty: Black Ops 6" on Friday. "There's really something for everyone with Black Ops 6," Stephanie Snowden, communications head at Call of Duty Studios, told AFP on the sidelines of a promotional event in London.
Economy
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