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Insurance giant Allianz signals job cuts in AI shift
Insurance giant Allianz signals job cuts in AI shift
by  AFP

German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence with a report saying up to 1,800 roles, mainly in call centres, could be axed. Many companies have been announcing job cuts due to adoption of AI as the boom in the technology gathers pace. sr/fz/rl

Swedish steel startup Stegra gets state aid
Swedish steel startup Stegra gets state aid
by  AFP

The Swedish Energy Agency said Wednesday it was giving some $40 million in support to low-carbon steelmaker Stegra, amid fears surrounding the ambitious startup's finances. "The project has great potential to accelerate the transition in the iron and steel industry," said a Swedish Energy Agency statement.

Shein under EU pressure over childlike sex dolls
Shein under EU pressure over childlike sex dolls
by  AFP

The European Union stepped up its pressure on Shein on Wednesday after the online retail giant faced an uproar in France over the sale of childlike sex dolls. The French commerce minister said Wednesday that France will lodge a civil suit against AliExpress and Joom over the sale of childlike sex dolls on their platforms.

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