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Markets mixed ahead of key US inflation report
Equity markets were mixed Thursday as investors struggled to keep up with Wall Street's rally, despite fresh data reinforcing optimism the Federal Reserve could hold off any more interest rate hikes this year, while another weak China reading dragged on the mood.
Microsoft bows to EU competition concerns over Teams
Microsoft will unbundle its Teams communications from its popular Office suite in an attempt to assuage EU antitrust concerns, the company said Thursday.
Markets mostly down ahead of key US inflation report
Markets mostly fell Thursday as investors struggled to keep up with Wall Street's rally, despite fresh data reinforcing optimism the Federal Reserve could hold off any more interest rate hikes this year, while another weak China reading dragged the mood.
'Talk about something else': Chinese AI chatbot toes party line
Chinese tech giant Baidu rolled out its ChatGPT-like ERNIE Bot to the public on Thursday.
UBS to absorb Credit Suisse domestic unit, eyes billions in cost savings
Banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently-swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts.
First strike in six decades closes famous Japan department store
The shutters were down on one of Japan's best-known department stores on Thursday in the sector's first strike for six decades, sparked by fears that its mooted new US owner will slash jobs.
Chinese developer Country Garden faces crunch vote on debt repayment
China's biggest developer Country Garden on Thursday faces a crunch vote on extending debt repayment terms that could determine whether it defaults, plunging the country's property market deeper into turmoil.
China factory activity contracts for fifth straight month in August
China's factory activity contracted for a fifth straight month in August, official data showed on Thursday, as pressure mounts on Beijing to offer more policy support to bolster its sluggish economy.
China's Baidu rolls out ChatGPT rival to public
China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.
Asian markets mixed ahead of key US inflation report
Markets were mixed Thursday as investors struggled to maintain momentum from Wall Street's rally, even after fresh data reinforced optimism the Federal Reserve will be able to hold off any more interest rate hikes this year.
Chinese developer Country Garden reports $6.7 bn loss
Embattled Chinese developer Country Garden reported a 48.9 billion yuan ($6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default.
France calls for minimum price on European flights
France's transport minister called Wednesday for a minimum price for plane flights in Europe to battle climate change.
CNN names media veteran Mark Thompson new CEO
CNN announced Wednesday that British media veteran Mark Thompson would assume the role of its next CEO, as the news outlet struggles to reverse a ratings decline.
China developer Country Garden reports $6.7 bn half-year losses
China's debt-hit real estate giant Country Garden reported half-year losses of 48.9 billion yuan ($6.7 billion) in a stock exchange filing Wednesday, as it flirts with a potentially catastrophic default.
'I stand by my opinion': Russian on trial for critical Ukraine interview
A Russian man prosecuted for giving a spontaneous street comment criticising the Kremlin's Ukraine offensive to foreign media said he stood by his words during his trial Wednesday, despite facing up to 10 years in prison.
Ukraine says gains on southern front pave way to Crimea
Ukraine said Wednesday that its recapture of Robotyne village this week was a strategic victory paving the way for its forces to push deeper into Russian positions in the south towards Crimea.
Stock markets diverge as rally fades
Stock markets diverged Wednesday as a global rally faded despite more data that soothed fears of a further rise in US interest rates.
Airlines count cost of UK traffic control failure
The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around £100 million, the head of global airline body IATA estimated Wednesday.
US private hiring cools as leisure and hospitality boom fades
Private sector hiring in the United States slowed more than expected in August, according to data from payroll firm ADP on Wednesday, as a boom from the leisure and hospitality sectors faded.
European stock markets diverge as rally fades
Europe's main stock markets diverged Wednesday after a global rally faded.
US says its firms could deem Chinese business environment 'too risky'
Business in China could become "too risky" for US firms without changes to the regulatory environment, Commerce Secretary Gina Raimondo warned Wednesday as she wrapped up a visit to the world's second-largest economy.
Iran steps up crackdown ahead of Amini anniversary: activists
Iran is ratcheting up a crackdown ahead of the one-year anniversary of the death of Mahsa Amini, arresting prominent personalities, campaigners and relatives of those killed by security forces in protests last year, activists say.
'La La Land' director hopes 'some good' will come of Hollywood strike
Damien Chazelle, who heads the jury at the Venice Film Festival that kicks off Wednesday, told AFP he hopes Hollywood will get over its current crisis and said he was confident that movies will survive the AI revolution.
US says seeking more 'predictable' business environment in China
The United States wants to work with China to ensure a more "predictable" environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday.
Sex, lies and social media: Women face tough fight in African politics
Soon after Judy Kengo was sworn into office last year, the Kenyan legislator faced her first public test when a doctored photo of a lookalike kissing another woman surfaced online.
Strike-hit German stunt performers train kids during filming freeze
Ten-year-old Nathaniel squeezes his eyes shut, straightens his back and sucks in his breath as he plunges backward from the reinforced steel roof of a stunt car.
Equities extend gains on US jobs data, China hopes
Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.
Australia to hold Indigenous rights referendum on Oct 14
Australia will hold a historic Indigenous rights referendum on October 14, Prime Minister Anthony Albanese said Wednesday, setting up a defining moment in the nation's relationship with its Aboriginal minority.
Hollywood strike saps glamour from 80th Venice Film Festival
A historic Hollywood strike robbed the Venice Film Festival of some of its usual glitz as it launched its 80th edition on Wednesday, but a raft of big-name -- and controversial -- directors are keeping the film world buzzing.
Global stocks extend gains as US data reassures
Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.
Von der Leyen backs Dutch FM Hoekstra for EU climate post
EU chief Ursula von der Leyen gave her backing Tuesday to the Dutch foreign minister to fill a vacant post on the European Commission, saying Wopke Hoekstra would take up a climate brief.
Kenya Airways losses deepen on weaker shilling
Kenya's struggling national carrier Kenya Airways on Tuesday reported a surge in losses in the first half of the financial year due to increased foreign exchange and borrowing costs.