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Microsoft announces $3 bn AI investment in India
Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years. On Tuesday, Nadella said the $3 billion investment would include the setting up of new data centres.
South Sudan says will resume oil production from Jan 8
South Sudan could resume oil production "as early as tomorrow" almost a year after fighting in neighbouring Sudan ruptured a key pipeline, the government said Tuesday. After months of shutdown, South Sudan's government said production would resume from part of a facility operated by Dar Petroleum Operating Company (DPOC).
Eurozone inflation picks up in December
Eurozone inflation rose in December as energy prices slightly ticked up, official data showed Tuesday, rebounding for a third straight month but unlikely to stop another interest-rate cut by the European Central Bank. Other official data published on Tuesday showed unemployment in the eurozone stood at 6.3 percent in November. raz/ec/lth
Pace of German emissions cuts slows in 2024: study
German greenhouse gas emissions fell again in 2024 but at a slower rate, due to lagging green investment by industry and households, according to a study published Tuesday.
McDonald's rolls back some of its diversity practices
McDonald's said Monday it will roll back some of its diversity practices, becoming the latest US organization to rethink its policies following a Supreme Court ruling that ended affirmative action in university admissions.
Asian markets mostly rise after tech-fuelled Wall St rally
Most markets rose in Asia on Tuesday following another rally on Wall Street sparked by tech giants as traders try to asses Donald Trump's tariff plans following a report he may take a more targeted approach.
Blinken in Japan after rift on steel deal
US Secretary of State Antony Blinken was in Japan on Tuesday for talks expected to address North Korean missile launches, but President Joe Biden's blocking of a steel deal is straining the allies' warm ties.
Meta Names UFC boss Dana White, a Trump ally, to board
Social media giant Meta announced Monday the appointment of three new directors to its board, including Ultimate Fighting Championship (UFC) head Dana White, a close ally to US President-elect Donald Trump. I am a huge believer that social media and AI are the future," White said.
US Fed's top banking regulator says he will step down early
The US Federal Reserve's top banking regulator announced his early resignation Monday, avoiding a confrontation with President-elect Donald Trump who can now pick his replacement. His resignation paves the way for Trump to replace him with someone more in tune with his own views on banking regulation.
AFP
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