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Apple unveils new iPhone built for AI
Apple on Monday announced a new iPhone built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race.
Air Canada readies shutdown as pilot union talks appear deadlocked
Air Canada is preparing to suspend most of its flights starting next Sunday as it faces a likely impasse in talks with its pilots over wage demands, the company said. The airline's pilots, who voted in August to strike if talks fail, are pushing to close a pay gap with their American counterparts, but Air Canada says their demands "far exceed average Canadian wage increases."
Canadian fashion mogul Nygard sentenced to 11 years for sexual assaults
Peter Nygard, the founder of one of Canada's largest clothing brands, was sentenced Monday to 11 years in prison for four counts of sexual assault of women and a girl in Toronto.
Battery maker Northvolt to cut jobs, slash operations
Beleaguered Swedish electric car battery maker Northvolt said Monday it would cut its workforce as it scales back operations to focus on its main gigafactory in Sweden.
First step for Europe's hyperloop vehicles with test launch
The dream of hurtling between European cities at speeds of more than 700 kilometres per hour moved a step closer Monday with the first successful vehicle tests at the European Hyperloop Centre. Hardt Hyperloop hopes to start testing the lane switch soon with vehicles and eventually build a bigger centre to enable the pod to reach the dizzying speeds possible.
China's Hellobike looks to say hello to Europe
Chinese bicycle-sharing giant Hellobike plans to expand to Europe, its management said Monday, with its point of entry likely to be Paris. Hellobike also plans to submit bids in other French cities as well as Barcelona and Sevilla in Spain.
Europe needs 'unprecedented' investment surge, says key report
Europe must massively ramp up investment including through joint borrowing as part of a "new industrial strategy" to keep pace with the United States and avoid dependence on China, a keenly awaited report warned Monday.
ECB to deliver fresh rate cut as inflation cools
The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves. The central bank has in recent times insisted it will not foreshadow its future moves, and will rely solely on incoming data.
Asian markets tumble as US jobs data stoke recession fears
Asian markets tumbled Monday after another batch of worse-than-expected US jobs data revived fears about a possible recession in the world's top economy. "The current batch of data no longer requires patience, it requires action," he warned, while adding that he did not think the economy was in recession or headed for one.
AFP
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