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'Utter madness': NZ farmers agree dairy sale to French group
'Utter madness': NZ farmers agree dairy sale to French group
Business and Economy
by  AFP

Farmers who own New Zealand dairy cooperative Fonterra voted Thursday to sell its consumer business to French group Lactalis, a decision slammed by the country's foreign minister as "utter madness". Foreign Minister Winston Peters said the vote meant "iconic" brands such as Anchor, Mainland and Kapiti were being sold off to the French firm.

Samsung posts 32% profit rise on-year in third quarter
Samsung posts 32% profit rise on-year in third quarter
Business and Economy
by  AFP

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. - Share surge - Against the backdrop of AI market opportunities, Samsung -- a bellwether on South Korea's benchmark Kospi index -- has seen its shares surge more than 90 percent since the beginning of this year.

Google parent Alphabet posts first $100 bn quarter as AI drives growth
Google parent Alphabet posts first $100 bn quarter as AI drives growth
Business and Economy
by  AFP

Google parent Alphabet reported its first-ever $100 billion quarterly revenue on Wednesday, powered by strong growth across its core search business and rapidly expanding cloud division that was buoyed by artificial intelligence. The cloud division, which competes with Amazon Web Services and Microsoft Azure, has become a key growth engine for Alphabet.