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Asian markets rally after Wall Street highs
Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan. Despite the recession woes and US retail sales dipping more than expected in January, Innes said "the regional and global interest rate environment remains supportive for risk markets".
Big firms with $7 tn exit climate investment pressure group
A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions.
ChatGPT's OpenAI reveals text-to-video tool
OpenAI, the creator of ChatGPT and image generator DALL-E, said it was testing a text-to-video model called Sora that would allow users to create realistic videos with a simple prompt. The model could also take an existing still image and generate a video from it, the company said.
Rod Stewart banks $100 million for song catalog: report
Rod Stewart, the singer whose hits include "Maggie May," is the latest artist to sell the rights to his music, The Wall Street Journal said Thursday. The paper said Irving Azoff's Iconic Artists Group acquired Stewart's interests in his recorded music and publishing catalog, as well as some rights to his name as likeness, for a tidy sum of nearly $100 million.
World Bank approves $300 mn in new funding for Afghanistan
The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.
Four Xbox exclusives heading to rivals in big shift
Microsoft on Thursday shook up the video game world with word it is making some once-exclusive Xbox video games available for play on rival consoles. Microsoft makes Xbox consoles along with game software, with titles such as hit "Halo" exclusive to its hardware.
Musk fights US state of Delaware after Tesla pay debacle
Elon Musk is on the warpath against Delaware and its powerful business court, moving his SpaceX company out of the eastern US state after a judge struck down his $56 billion compensation package at Tesla. The move came just weeks after Judge Kathaleen McCormick voided his eye-watering compensation package at Tesla, taking sides with a shareholder who claimed the entrepreneur was overpaid.
China urges firms not to be 'blinded by lies' over Xinjiang rights record
China on Thursday urged companies not to be "blinded by lies" about its rights record in Xinjiang, after German automaker Volkswagen said it was discussing the future of its activities in the troubled region. It urged firms to "respect the facts, distinguish right from wrong, and not be blinded by lies".
US dollar dominance not under threat, despite risks: Fed official
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. "I do not expect to see the US dollar lose its status as the world's reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance," he added. da/des
AFP
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