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South Africa to host G20 summit boycotted by US
South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event.
Asian markets bounce as Nvidia takes centre stage amid AI bubble fears
Asian investors battled Wednesday to kickstart a recovery in equities following the latest stagger across world markets that has been caused by worries over an AI-fuelled bubble and uncertainty over US interest rates. Also in sight this week is the planned release of key US data, particularly on jobs creation, which will be closely read over for an idea about the Fed's plans for interest rates.
India's Bollywood battles paid reviews and fake sale claims
India's $60-billion Bollywood industry is facing a deepening credibility crisis, as insiders warn that manipulated film reviews and inflated box office numbers are distorting public perception, ultimately hurting ticket sales. Experts warn that falsifying box office data has lasting consequences, from inflated star salaries to shrinking opportunities for new talent.
Ultra-processed foods a rising threat to health: researchers
Researchers warned Wednesday that rising global consumption of ultra-processed foods (UPFs) poses a major threat to health, calling for countries to subject some products made by huge food companies to marketing restrictions and taxes.
French court says Perrier can keep marketing as 'natural mineral water'
A French court on Tuesday said Perrier can keep selling its famed sparkling beverage as "natural mineral water", rejecting a case brought by a consumer rights group that said the label was misleading and urged the suspension of sales.
IMF gold sales among measures to tackle debt, says report for G20
South African President Cyril Ramaphosa welcomed Tuesday a G20-commissioned report proposing the sale of some of the IMF's "hoard of gold" and a review of lending practices among measures to tackle Africa's crippling debt. Ramaphosa also welcomed proposals for a "Borrowers' Club" of lenders to share best practices and for a review of IMF and World Bank lending frameworks.
Cloudflare bug takes chunk of web offline
Major websites including social network X and AI chatbot ChatGPT were disrupted on Tuesday after US online services provider Cloudflare said it had been affected by a "latent bug".
Lula to return to COP30 as first draft climate deal lands
COP30 host Brazil on Tuesday unveiled a first draft deal after UN climate talks stretched late into the night, seeking a compromise with nations at odds as the summit clock ticks down. With the talks stuck, Brazil announced Monday it wanted an agreement by midweek, sending exhausted negotiators back to the bargaining table and extending work hours late into the night.
Study finds 41% of EV drivers would avoid Tesla over politics
More than 40 percent of electric car drivers worldwide would avoid owning a Tesla, the brand run by controversial billionaire Elon Musk, for political reasons, according to a recent survey. More than half of electric vehicle (EV) drivers -- 53 percent -- said they would avoid certain brands or countries of production for political reasons, according to the survey published Monday.
AFP
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