AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
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.
Didn't score tickets for Taylor Swift's "Eras" tour? "But AMC is also aware that no ticketing system in history seems to have been able to accommodate the soaring demand from Taylor Swift fans," the statement added, warning that customers may experience delays and outages.
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.
Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm negotiates with creditors to avoid defaulting on a bond repayment.
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 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.
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 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.
Banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently-swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts. UBS did not immediately indicate what level of job cuts its preferred option could entail, but they could be significant.
AFP
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