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Italy's Meloni targets energy, migration with Africa plan
Energy deals in return for stopping migration. Prime Minister Meloni, who came to power in 2022 on an anti-migrant ticket, hopes to posit Italy as a key bridge between Africa and Europe, funnelling energy north while exchanging investment in the south for deals aimed at preventing migration.
Quality control at heart of latest Boeing crisis
Boeing is facing intensifying scrutiny over its quality control practices in the aftermath of a near-catastrophic Alaska Airlines flight three weeks ago when a panel blew out. At its Renton, Washington factory where the MAX is assembled, Boeing on Thursday held the first of a series of "quality stand down" events -- pauses in normal operations for day-long sessions to focus on quality control.
Asian equity rally fades despite Wall St records sparked by US data
The rally in Asian markets petered out Friday, with profit-takers paring three-day surges in Hong Kong and Shanghai as traders await more guidance on China's plans to support the country's battered economy.
UK, Canada pause trade talks, agriculture remains a hurdle
British negotiators paused free trade talks with Canada on Thursday after years of discussions between the two Commonwealth nations, Ottawa said.
Meta beefs up teen defenses at Instagram and Messenger
Meta on Thursday began blocking messages from strangers sent directly to young teens using Instagram or Messenger. Meta early this month tightened content restrictions for teens on Instagram and Facebook as it faced increased scrutiny over how its platforms are harmful for young people.
Russian sentenced to five years in prison for Trickbot malware
A Russian man has been sentenced to more than five years in prison for his involvement in developing the Trickbot malware used to extort businesses, including hospitals during the Covid pandemic, the US Justice Department said Thursday.
US regulator launches probe into tech giants' AI investments
A top US antitrust regulator said it was launching an inquiry Thursday about investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic. Anthropic, founded by former staff of OpenAI, received major investments from both Google and Amazon last year and is seen as a potential major player in the fast-emerging generative AI sector.
LVMH posts record sales and profit in 2023
The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank. Besides clothing and leather goods, LVMH also posted sales growth in perfumes, cosmetics, watches, and jewelry, with wines and spirits being the only unit to shrink, down 4 percent for the full year.
Lloyds bank cuts almost 800 jobs in online switch
British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services. Lloyds said in a statement that it will slash about 1,600 jobs across its branch network.
AFP
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