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Stocks, dollar retreat before Fed rate decision
Stocks, dollar retreat before Fed rate decision
Business and Economy
by  AFP

Major stock markets mostly retreated Wednesday as a China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more US rate hikes before the end of the year. The Paris stock market fared worse than London and Frankfurt on Wednesday, shedding nearly two percent in afternoon deals.

Deadly fire burning on car transport ship off Netherlands
Deadly fire burning on car transport ship off Netherlands
Business and Economy
by  AFP

Authorities were battling Wednesday a deadly blaze raging aboard a car carrier ship off the Netherlands, sparking fears of ecological damage to a fragile nearby island chain. The Fremantle Highway is an 18,500-tonne car carrier ship and was sailing between Bremerhaven in Germany and Port Said in Egypt when the blaze broke out, according to the marinetraffic.com website.

Tech giants form AI group focused on ensuring safety
Tech giants form AI group focused on ensuring safety
Business and Economy
by  AFP

Four US leaders in artificial intelligence (AI) announced Wednesday the formation of an industry group devoted to addressing risks that cutting edge versions of the technology may pose. Anthropic, Google, Microsoft, and ChatGPT-maker OpenAI said the newly created Frontier Model Forum will draw on the expertise of its members to minimize AI risks and support industry standards.