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Asian markets build on rally on hopes US will avoid recession
Asian markets rose again Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across trading floors this year.
Madison Square Garden's facial recognition blacklisting sparks outcry
The heated debate over facial recognition technology has a new flashpoint: Manhattan's celebrated Madison Square Garden, home to the New York Knicks basketball team and countless Billy Joel concerts. He says the Madison Square Garden example shows that private business can use facial recognition "to exclude anyone whose voice you want to silence."
Hive ransomware: modern, efficient business model
The US Justice Department's shutdown Thursday of the Hive ransomware operation -- which extorted some $100 million from more than 1,5000 victims worldwide -- highlights how hacking has become an ultra-efficient, specialized industry that can allow anyone to become a cyber-shakedown artist.
Activists slam appointment of UAE oil boss to lead climate talks
Hundreds of campaign groups on Thursday condemned the appointment of an oil boss to lead UN climate talks in the United Arab Emirates, saying it threatened the meeting's "legitimacy". NGOs and civil society organisations from around the world said in an open letter Thursday the "decision threatens the legitimacy and efficacy of COP28.
Luxury giant LVMH sales, profit hit new highs
The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan. "Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel.
American Airlines bullish on demand as Southwest reports loss
American Airlines offered a confident outlook on 2023 travel demand Thursday after reporting record quarterly revenues, while Southwest Airlines continued to suffer the effects of recent operational problems. "We expect a strong demand environment to continue in 2023 and anticipate further improvement in demand for long-haul international travel this year."
French luxury group LVMH posts record sales, net profit for 2022
The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe and the United States. "Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel.
New US home sales fall in 2022 on higher mortgage rates
Sales of new US homes exceeded expectations in December but slumped for all of 2022, according to government data released Thursday, as higher mortgage rates weighed on potential buyers.
Families of 737 MAX crash victims set to face Boeing in US court
Relatives of passengers who died in the twin Boeing 737 MAX crashes are scheduled to confront the airplane maker Thursday in a US court, some four years after the tragedies in Ethiopia and Indonesia.
AFP
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