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by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — Mark Zuckerberg and his wife on Wednesday pledged $3 billion over the next decade to help banish or manage all disease, pouring some of the Facebook founder’s fortune into innovative research. “This is a big goal,” Zuckerberg said at a San Francisco event announcing the effort of the Chan Zuckerberg Initiative established by the couple. “But we spent the last few years speaking with experts who […]
BRUSSELS, Belgium — The EU’s top court on Wednesday ruled that there can be no exceptions to a ban on animal testing by cosmetics manufacturers in the bloc. The case arose in Britain after three companies sought to market cosmetics that were developed for sale in China and Japan using animal tests outside the European Union. The European Court of Justice said EU law bars any cosmetic product containing ingredients which have been tested on […]
YELLOWKNIFE, United States (AFP) — De Beers officially opened one of the world’s largest diamond mines on Tuesday near the Arctic Circle in Canada’s remote far north. The Gahcho Kue mine is situated in the outback some 280 kilometers (174 miles) northeast of Yellowknife, the capital of the Northwest Territories. “It’s the largest diamond mine brought into production in the last 13 years and it’s the biggest outside South Africa,” De Beers chief executive Bruce […]
by Glenn Chapman SQUAW Valley, United States (AFP) — GoPro took to the sky Monday with a much-awaited drone called Karma in the hope of lifting profits which have been battered by competition from all sides. The launch of the Karma drone, tailored for its first-person-action mini-cameras, and of improved Hero5 cameras comes on the cusp of the important year-end holiday shopping season which last year was a huge disappointment. In the fourth quarter of 2015, […]
LONDON, United Kingdom (AFP) – British banks risk losing their automatic right to trade in EU states as the country leaves the European Union, Germany’s central bank chief said in an interview out Monday. Jens Weidmann suggested that if Britain left the European Economic Area (EEA) — a group of 31 European Union and other European states which allows them to be part of the single market — it could mean financial services companies moving […]
SEOUL, South Korea (AFP) – Samsung rolled out replacements for Galaxy Note 7s plagued by exploding batteries in South Korea on Monday, but only a handful of customers appeared to have taken the opportunity to swap their handsets. The world’s largest maker of mobile phones recalled 2.5-million units of its top-of-the-range model more than two weeks ago, after batteries began catching fire while charging. But users snubbed the South Korean electronics giant’s offer of a […]
European businesses are planning to expand their investment and operations in the ASEAN region but want to see more trade deals between the two regions according to a recent survey that polled 200 executives from European countries in the region. The latest annual EU-ASEAN business sentiment survey, finds that 74% of European businesses project a rise in ASEAN profits for 2016 and expect the region’s importance to global revenues to increase over the next five […]
SYDNEY, Australia (AFP) — An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation’s biggest container and cargo port for Aus$9.7 billion (US$7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with more than 3,000 ships annually, was snapped up by a consortium including Australia’s second-largest wholesale funds manager the Queensland Investment Corporation (QIC) and multinational firm Global Infrastructure Partners (GIP). The Australian newspaper reported that GIP […]
SAN FRANCISCO, United States (AFP) – by Glenn CHAPMAN with Rob Lever in Washington Apple delivered its new iPhones on Friday in a global launch marked by long queues at its retail stores but also frustration over the sellout of some models. The scenes in Apple stores around the world were reminiscent of earlier launches, generating both anticipation and disappointment, but it was unclear if the shortages were the result of strong demand or limited […]
SYDNEY, Australia (AFP) — Apple’s iPhone 7 launch generated trademark queues and brisk sales Friday that defied gloomy expectations, with some enthusiasts left empty-handed after lining up for hours as the company announced some models had sold out. The new phone comes with an improved camera, no headphone jack, and a water resistant body as the US tech giant seeks to reverse declines in sales amid increased competition. There has been much chatter among Apple […]
HONG KONG, China (AFP) — Most Asian markets fell again Thursday, led by a more than one percent loss in Tokyo, ahead of key policy meetings in the United States and Japan next week. Traders worldwide are focusing on the central bank gatherings, hoping they will clear up some uncertainty about monetary policy in two of the world’s biggest economies. Equity markets have been hit by volatility the past week after two Federal Reserve officials suggested US […]
STRASBOURG, France (AFP) – by Clément ZAMPA with Danny KEMP in Brussels European Commission head Jean-Claude Juncker on Wednesday issued a rallying cry for unity after Brexit, saying the EU is not in danger of splitting up but must fight “galloping populism”. In his annual State of the Union speech, Juncker unveiled plans including a European Union defence headquarters in a bid to find common ground after a year of crisis and division in the bloc. […]
