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Author's articles
AI makes writing easier, but stories sound alike
Books and movies of the future could all start to feel the same if creative industries embrace artificial intelligence to help write stories, a study published on Friday warned.
Mixed profits at US banks amid weaker signs from low-income customers
JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.
Lufthansa issues profit warning, launches 'turnaround'
German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even. Flagship carrier Lufthansa saw its profits fall particularly sharply due to poor market conditions, inefficient flight operations and delayed aircraft delivery, the statement said.
Saudi Arabia to host first Esports Olympics in 2025
Saudi Arabia will host the inaugural Esports Olympics in 2025 the International Olympic Committee said on Friday. "The International Olympic Committee (IOC) today announced that it has partnered with the National Olympic Committee (NOC) of Saudi Arabia to host the inaugural Olympic Esports Games 2025 in the Kingdom of Saudi Arabia," the body said.
Musk's X 'deceives' users with blue checks, EU charges
Tech billionaire Elon Musk's X platform is misleading users with its blue checkmarks for certified accounts, and is also violating EU content rules, Brussels said Friday, in a finding that could lead to hefty fines.
TotalEnergies Uganda oil project 'devastating': conservationist
Production has yet to begin, but TotalEnergies' controversial East African oil project is already taking a dire environmental toll in Uganda's largest national parks, a leading conservationist group said Friday.
Ericsson posts $1bn quarterly loss on Vonage write down
Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage. Another write down of 11.4 billion Swedish kronor ($1.1 billion), mostly attributable to Vonage, was behind the 1.0 billion kronor loss in the second quarter.
Day labourers seek dwindling jobs pre-dawn in Shanghai suburb
A dozen men crowded around an employment agent early in the morning in suburban Shanghai, waving their identification cards as they scrambled to secure a 12-hour shift at a warehouse. "We need people who are strong," the agent told the group, warning them that temperatures were high inside the warehouse due to the summer weather.
Stocks up on US rate hopes, yen holds gains amid intervention talk
Asian markets mostly rose Friday after a largely negative day on Wall Street despite growing confidence of a US interest rate cut, while the yen saw big swings as speculation swirled that Japan had stepped into forex markets to support the currency.
AFP
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