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Crude spikes as Trump threatens Russian giants, stocks turn lower
Crude spikes as Trump threatens Russian giants, stocks turn lower
Economy
by  AFP

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White House was planning curbs on software exports to China added to gloom on markets. Trump decided on the sanctions after plans for a fresh summit with Putin in Budapest collapsed this week.

Amazon uses AI to make robots better warehouse workers
Amazon uses AI to make robots better warehouse workers
Economy
by  AFP

Amazon on Wednesday said it is speeding up the automation of its warehouses with the help of artificial intelligence and robotics, raising questions about the future of human workers. Automation of Amazon warehouses could cut the need to hire, particularly when it comes to temporary workers needed for peak holiday shopping demands.

Meta to cut 600 jobs in artificial intelligence: reports
Meta to cut 600 jobs in artificial intelligence: reports
Economy
by  AFP

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division in a move intended to streamline operations after an aggressive hiring spree, US media reported Wednesday. The job cuts will not affect the TBD Lab, an operation established by Meta CEO Mark Zuckerberg, according to reports in the Wall Street Journal, the New York Times and other publications.