Showing 1 - 10 of 499
Foxconn exits $19.4bn chip deal in India
AFP, Published on 11/07/2023
» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.
Twitter rival Threads signs up 100 million users in 5 days
AFP, Published on 10/07/2023
» PARIS: The Threads app launched by Instagram as a rival to Twitter has signed up more than 100 million users in less than five days, data tracking websites said on Monday, smashing the record of AI tool ChatGPT for fastest-growing consumer app.
IMF and Pakistan reach $3 billion stand-by deal
AFP, Published on 30/06/2023
» ISLAMABAD: Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth US$3 billion announced by the IMF in Washington late Thursday.
Chinese imports of Russian oil at post-invasion high
AFP, Published on 20/06/2023
» BEIJING: Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin.
Fed pauses interest rate hikes but signals more tightening ahead
AFP, Published on 15/06/2023
» WASHINGTON: The United States Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
US averts first-ever default with 11th-hour debt deal
AFP, Published on 02/06/2023
» WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
Australian casino group fined US$290m for lax controls
AFP, Published on 31/05/2023
» SYDNEY: Australia's Crown Resorts is set to pay a civil penalty of A$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.
Dark cloud over ChatGPT revolution: the cost
AFP, Published on 21/05/2023
» WASHINGTON: The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it?
German recession fears rise as factory orders plummet
AFP, Published on 05/05/2023
» FRANKFURT: Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.
Hollywood writers strike looms as deadline nears
AFP, Published on 01/05/2023
» LOS ANGELES - Hollywood faced a cliffhanger moment Monday as talks to avert a potentially catastrophic strike by thousands of TV and movie writers remained unresolved just hours before a crunch deadline.