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Sales of new US homes lowest in around two years: govt
New home sales in the United States fell short of analyst expectations in October, hitting the lowest rate since late 2022, according to government data released Tuesday, with mortgage rates ticking up during the month. The figure in October was the lowest since late 2022, and comes as the popular 30-year fixed-rate mortgage edged up in the month.
Man Utd revenue falls as Champions League absence bites
Manchester United suffered a £14 million ($17.6 million) drop in total revenue to £143.1 million, taking a hit from their absence from the lucrative Champions League, first-quarter results showed Tuesday. They are predicting total revenue for 2025 of between £650 million and £670 million.
US lawmakers warn Hong Kong becoming financial crime hub
US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.
Compressed natural gas vehicles gain slow momentum in Nigeria
Car mechanic Adebola Omotosho has to drive eight kilometres across Nigeria's bustling commercial hub Lagos to fill his tank with compressed natural gas. In September 2023, Tinubu established the Presidential Compressed Natural Gas Initiative (PCNGI) to drive CNG adoption and ease Nigeria into a cleaner energy era.
Plastic pollution talks: the key sticking points
Nations gathered in Busan, South Korea have a week to agree the world's first treaty to curb plastic pollution, a gargantuan challenge given the major divisions that remain. Here is a look at the key sticking points: Consensus or majority Divisions between nations are so deep that they have not yet agreed on how any decision will be adopted -- by consensus or majority vote.
Indonesia rejects Apple's $100 million investment offer
Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government. Despite the sales ban, the Indonesian government still allows iPhone 16 to be carried into Indonesia if they are not being traded commercially.
As AI gets real, slow and steady wins the race
In the wake of ChatGPT's dramatic arrival two years ago, companies are excited about generative AI's possibilities but heading into 2025 with careful deliberation rather than rushing to transform their operations. - 'Verify everything' - While AI excels at basic tasks like searching legal databases and generating simple summaries, more complex work requires careful human oversight.
China's Huawei to launch 'milestone' smartphone with homegrown OS
Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.
Most Asian markets drop, dollar gains as Trump fires tariff warning
Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.
AFP
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