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Japan ranks 7-Eleven owner 'core' industry, complicating takeover
Japan ranks 7-Eleven owner 'core' industry, complicating takeover
by  AFP

The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry in a move that could make a takeover by Canadian rival Couche-Tard more difficult. Last week Seven & i -- Japan's biggest retailer, which owns the global 7-Eleven convenience store chain -- rejected an initial buyout offer from Alimentation Couche-Tard (ACT).

Most Asian markets rise as traders gear up for Fed rate cut
Most Asian markets rise as traders gear up for Fed rate cut
by  AFP

Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week. Confidence that the Fed would cut provided support to Wall Street, particularly the key tech sector, with the Nasdaq up one percent.

Support for Trump, questions for Harris in pro-fracking Pennsylvania
Support for Trump, questions for Harris in pro-fracking Pennsylvania
by  AFP

For Pennsylvania farmer George Wherry, 85, fracking for natural gas under his otherwise bucolic fields means greater economic "freedom" -- one of the many reasons he'll be voting for Donald Trump in November. A few stalls away, Laura Jean Kahl, who sells fresh produce from her family farm, told AFP that she will be voting for Harris in November for one simple reason: "She's not Donald Trump."

Microsoft cutting more jobs from its gaming unit
Microsoft cutting more jobs from its gaming unit
by  AFP

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard. Microsoft in January said it was laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidated the buyout of Activision Blizzard.

US says new Apple AirPods can be hearing aids
US says new Apple AirPods can be hearing aids
by  AFP

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market. Along with the new feature, the AirPods Pro 2, used with iPhones or iPads, will be able to test hearing and create a user's hearing profile stored privately in an Apple Health app.

OpenAI releases reasoning AI with eye on safety, accuracy
OpenAI releases reasoning AI with eye on safety, accuracy
by  AFP

ChatGPT creator OpenAI on Thursday released a new series of artificial intelligence models designed to spend more time thinking -- in hopes that generative AI chatbots provide more accurate and beneficial responses. OpenAI's push to improve "thinking" in its model is a response to the persistent problem of "hallucinations" in AI chatbots.

Business groups ask Ottawa to prevent Air Canada strike
Business groups ask Ottawa to prevent Air Canada strike
by  AFP

Groups representing more than 200,000 businesses across Canada on Thursday urged the government to intervene to block a looming pilot's strike at flagship carrier Air Canada that they say risks devastating the economy.