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19848 articles published since 08 Mar 2022

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Chinese carmakers confront European industry at Munich show
Chinese carmakers confront European industry at Munich show
Business and Economy

Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race. At the same time, European manufacturers are facing increasingly stiff competition from Chinese carmakers which are touting their vehicles at far lower prices.

Ronaldinho denies crypto scam in Brazil congressional hearing
Ronaldinho denies crypto scam in Brazil congressional hearing
Business and Economy

Retired football great Ronaldinho denied involvement in an alleged cryptocurrency pyramid scheme bearing his name in testimony Thursday before a Brazilian congressional committee. "It is not true I am the founder and controlling partner of 18K Ronaldinho," the 43-year-old former player told the lower-house committee investigating the alleged scam.

Key US inflation measure ticks up in July
Key US inflation measure ticks up in July
Business and Economy

A key US inflation measure used by the Federal Reserve to set interest rates rose in July, due largely to another jump in the cost of services, according to government data published Thursday. Core PCE, excluding volatile food and energy costs, also ticked up in July to an annual rate of 4.2.

Eurozone inflation stagnates in August
Eurozone inflation stagnates in August
Business and Economy

Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn. Central bankers will have to weigh inflation woes alongside rising fears over the eurozone economy after worrying figures in August.

Social media platform X to offer video, audio calls: Musk
Social media platform X to offer video, audio calls: Musk
Business and Economy

The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter into an "everything app." "Video & audio calls coming to X," Musk wrote in a post on the platform, without specifying when the new features would be available.

Microsoft bows to EU competition concerns over Teams
Microsoft bows to EU competition concerns over Teams
Business and Economy

Microsoft will unbundle its Teams communications from its popular Office suite in an attempt to assuage EU antitrust concerns, the company said Thursday. Microsoft bundles Teams with its cloud-based Office 365 and Microsoft 365 suites, which include its popular Word, Excel, Powerpoint and Excel programmes.

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