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OECD ups world growth forecast but sees Middle East 'risk'
The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, with disruptions in Red Sea shipping threatening to increase consumer prices. "High geopolitical tensions are a significant near-term risk to activity and inflation, particularly if the conflict in the Middle East were to disrupt energy markets," the report said.
Turkey's January inflation piles pressure on central bank
Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday. The monthly inflation rate in January, however, climbed to 6.7 percent, from 2.9 percent in December, following a 49-percent rise in the minimum wage that went into effect in January.
S. Korean court acquits Samsung chief over 2015 merger case: Yonhap
A South Korean court on Monday acquitted Samsung Electronics chief Lee Jae-yong of a raft of crimes linked to a controversial 2015 merger, the Yonhap news agency reported. The verdict from the Seoul Central District Court clears Lee of several charges including stock price rigging, breach of trust and accounting fraud in the 2015 merger between Samsung C&T and Cheil Industries.
Asia markets take a hit as blockbuster US jobs batter rate cut hopes
Asian markets mostly fell Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome Powell shattered any remaining hopes for a March interest rate cut. Combined with a robust January jobs report, hopes of an early spring adjustment have moved from improbable to impossible."
Biden robocall: Audio deepfake fuels election disinformation fears
The 2024 White House race faces the prospect of a firehose of AI-enabled disinformation, with a robocall impersonating US President Joe Biden already stoking particular alarm about audio deepfakes. But audio deepfakes used to impersonate or smear celebrities and politicians around the world have sparked the most concern.
Khan's party navigates Pakistan blackouts to keep campaign alive
Former prime minister Imran Khan's party has redefined election campaigning in Pakistan with its social media rallies and use of AI technology in a bid to sidestep a nationwide crackdown that has followed it online. Censorship then followed as the party pushed its election campaign online.
Parisians vote in anti-SUV parking and pollution referendum
Polling stations opened in Paris on Sunday for a referendum on tripling parking costs for hefty SUV-style cars, a campaign that has drivers' groups up in arms against city hall.
Parisians called to vote on SUV parking surcharge
Parisians will be asked to vote Sunday on whether to triple the cost of parking Sports Utility Vehicles (SUVs) in the French capital, a move denounced as manipulative by motorist groups. "A new, modern SUV does not pollute more, or can even pollute less, than a small diesel vehicle built before 2011", said drivers' group 40 millions d'automobilistes (40 million motorists).
China's Tencent fires more than 120 workers for fraud
Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, including for corruption and embezzlement. The announcements come after years of difficulties for China's tech giants.
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