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Amazon's next-gen Alexa gets AI upgrade
Online retail behemoth Amazon on Wednesday announced a new version of its Alexa voice assistant that is powered by generative artificial intelligence, giving the device more human-like qualities. Panos Panay, senior vice president of devices and services at Amazon, said that Alexa Plus opens a new age for voice devices.
Billionaire Bezos announces restrictions on Washington Post opinion coverage
The Washington Post will no longer run views opposed to "personal liberties and free markets" on its opinion pages, its owner Jeff Bezos announced on Wednesday, the latest intervention by the billionaire in the major US paper's editorial operations.
US new home sales miss expectations in January on cold weather
Sales of new US homes slumped more than expected in January, government data showed Wednesday, with cold weather and stubborn cost-of-living pressures weighing on buyers as Donald Trump returned to office. "Sales likely were also weighed down by the weather; last month was the coldest January since 1988," Pantheon added. bys/dw
BP to up oil and gas output, slash clean energy spend in overhaul
BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure.
Los Angeles wildfires costliest in history: Munich Re
German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry". Nonetheless, the figure would represent "the most substantial wildfire losses in the history of the insurance industry", Munich Re said.
AB InBev posts record sales in 2024 despite beer volumes slipping
AB InBev, the world's leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid. That came despite sales sliding 1.4 percent by volume, with beer volumes down by 1.9 percent.
Aston Martin cuts jobs as weak China demand weighs
Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand contributed to losses widening at the luxury car group last year. Aston Martin, which is slowly transitioning to electric car models, said it hoped for annualised savings of £25 million.
Erosion of multilateralism threatens global stability: S.Africa leader
The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US Treasury secretary. "The erosion of multilateralism presents a threat to global growth and stability," Ramaphosa said in his opening address.
Stellantis says 2024 profits fall 70% on N. America troubles
The Stellantis car giant -- which includes Fiat, Chrysler, Jeep and Peugeot -- on Wednesday reported a 70 percent fall in 2024 profits against the previous year because of troubles in North America.
AFP
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