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UK inflation retreats further, remains above 10%
UK inflation retreats further, remains above 10%
Business and Economy
by  AFP

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above a historically-high 10 percent. Official data last week showed Britain narrowly avoided recession in 2022, but the risk of a prolonged contraction remains for this year according to analysts.

'Someone else' could be running Twitter this year, says Musk
'Someone else' could be running Twitter this year, says Musk
Business and Economy
by  AFP

Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" since he took full ownership last year. Since Musk took full ownership of Twitter on October 27, the platform has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of the South African-born billionaire.

AirTag harassment victims unconvinced by Apple's fixes
AirTag harassment victims unconvinced by Apple's fixes
Business and Economy
by  AFP

Originally designed as a solution for the absent-minded, the AirTag digital tracking sensor is also sometimes employed for a more sinister function, with manufacturer Apple now finding itself the subject of anger -- and lawsuits -- from Americans who have been harassed with the help of the brand's product.

Israeli firm deploys robots to speed up online shopping
Israeli firm deploys robots to speed up online shopping
Business and Economy
by  AFP

Behind a dark and opaque storefront in Tel Aviv, an Israeli company is speeding up online shopping by replacing staff with robots that manoeuvre around small storerooms. In the south Tel Aviv headquarters of 1MRobotics, young men and women -- nearly all of them graduates of the Israeli army's robotics and technological units -- were customising off-the-shelf robots.

Cash-strapped Egypt sells state assets to Gulf nations
Cash-strapped Egypt sells state assets to Gulf nations
Business and Economy
by  AFP

Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations. Of the $34.2 billion in Cairo's foreign reserves -– a 20 percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies.