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HELSINKI, Finland (AFP) — Finnish telecom giant Nokia reported Thursday a lower-than-expected rise in earnings in the first quarter as economic headwinds affect spending by its customers. The telecommunications equipment maker, which is locked in a battle for 5G networks with Swedish rival Ericsson and China’s Huawei, said its net profit jumped 32 percent to 289 million euros ($317 million). But its earnings per share amounted to six cents, weaker than the seven cents expected […]
Johannesburg, South Africa | AFP | Wednesday 4/19/2023 Inflation in South Africa edged higher in March with food prices recording the highest year-on-year jump in more than a decade, official figures showed Wednesday. Inflation for food and non-alcoholic beverages continued to accelerate and was up 14 percent on March last year, national statistics agency StatsSA said in a statement. “This represents the largest annual increase since the 14.7% rise in March 2009,” the agency said. […]
(AFP) Zurich, Switzerland by James RYBACKI A composite Tyrannosaurus rex skeleton called Trinity, made up of bones from three different T-Rexes, sold for 5.5 million Swiss francs ($6.1 million) in a rare auction on Tuesday. The skeleton was sold at the Koller auction house in Zurich after being shipped from the United States in nine giant crates. Trinity fetched a hammer price of 4.8 million Swiss francs, rising to 5.5 million with the buyer’s premium […]
New York, United States | AFP | Tuesday 4/19/2023 At least one person died and four were rushed to hospital after a multi-story parking garage in New York City collapsed on Tuesday, emergency responders said. Aerial video footage circulating on social media showed cars piled on top of one another in a jumble of cracked concrete in the financial district of Lower Manhattan. The building on Ann Street “pancaked, collapsed, all the way to the […]
Miami, United States | AFP | Tuesday 4/19/2023 Twitter head Elon Musk on Tuesday attempted to reassure wary advertisers by hyping up the site’s newly introduced content moderation policy against hateful material. Speaking at a meeting in Florida, the controversial billionaire outlined new rules, first announced Monday, to limit the reach of tweets that do not conform to the platform’s guidelines. “If somebody has something hateful to say, it doesn’t mean he should have a […]
Wilmington, United States | AFP | Tuesday 4/18/2023 by Susannah WALDEN with Peter HUTCHISON in New York Fox News reached a $787.5 million settlement Tuesday in a defamation case brought by voting technology company Dominion that alleged the network knowingly aired false claims linking its machines to a conspiracy to undermine the 2020 US presidential election. The agreement to end the case avoided what most experts suggested would have been a damaging, high-profile trial for […]
Netflix on Tuesday said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier was faring well. The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords “to improve the experience for members.” Netflix said it expects to begin rolling out its options […]
Shanghai, China | AFP | Tuesday 4/18/2023 China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday who are racing to catch up with Chinese competitors in the crucial electric vehicle market. EVs now make up one out of four car sales in China, the world’s largest car market, and dozens of new models from domestic and Western brands were unveiled at the first auto show since the […]
MUMBAI, India (AFP) — Apple opened its first retail store in India on Tuesday, underscoring the US tech titan’s increasing focus on the South Asian nation as a key sales market and alternative manufacturing hub to China. Apple CEO Tim Cook personally opened the doors to welcome customers as staff cheered. Hundreds of admirers of the iPhone giant queued around the store in a swanky shopping mall in the financial capital Mumbai, some of them […]
Karuizawa, Japan | AFP | Monday 4/17/2023 by Sara HUSSEIN / Tomohiro OSAKI For G7 diplomats meeting in the Japanese resort town of Karuizawa, unity was the name of the game on Monday, with ministers lining up to insist there is no daylight between them on China policy. The two days of talks are taking place under the long shadow cast by controversial remarks from French President Emmanuel Macron, who last week suggested Europe should […]
Helsinki, Finland | AFP | by Elias HUUHTANEN Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland’s Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday. The deal would mark the end the independence of Finnish mobile game makers, which burst into the scene when Rovio launched its slingshot-bird game more than a decade ago. The bid by Sega, famous […]
Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business filing indicated. Musk recently merged Twitter with a newly created “X” shell company, keeping the brand name for the platform but not the business. Musk’s founding of […]
