Business and Economy

Business and Economy Latest News

UK court jails Chinese bitcoin fraudster for over 11 years
UK court jails Chinese bitcoin fraudster for over 11 years
by  AFP

A Chinese woman who masterminded a multibillion-dollar bitcoin scam and evaded authorities for years was sentenced to 11 years and eight months in jail by a UK court Tuesday. The court heard that she evaded UK authorities for around six years.

Fanfare as Guinea launches enormous Simandou iron ore mine
Fanfare as Guinea launches enormous Simandou iron ore mine
by  AFP

Authorities in Guinea on Tuesday officially launched production at Simandou, a gigantic mining project that they hope will propel the poor west African country into the ranks of the world's largest iron exporters. Doumbouya, who came to power in a 2021 coup, declared the day a public holiday, a sign of the importance authorities have attached to the mine.

German court rules against OpenAI in copyright case
German court rules against OpenAI in copyright case
by  AFP

A German court ruled Tuesday that OpenAI has infringed copyright law by using song lyrics to feed its chat models in a case that could have wide implications for European artists. "Both the memorisation in the language models and the reproduction of the song lyrics in the chatbot's outputs constitute infringements of copyright law," the court ruled.

Energy

Money

Industry

Technology

Economy