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Abramovich's trusts reorganised before Russia sanctions: report
Abramovich's trusts reorganised before Russia sanctions: report
Business and Economy
by  AFP

Russian oligarch Roman Abramovich's seven children became the beneficiaries of 10 offshore trusts holding assets worth billions of dollars shortly before he was hit with sanctions, Britain's Guardian newspaper reported Friday. Through the 10 trusts, Abramovich's seven children now appear to be the ultimate beneficial owners of various trophy assets long linked to him, the Guardian said.

The oven won't talk to the fridge: 'smart' homes struggle
The oven won't talk to the fridge: 'smart' homes struggle
Business and Economy
by  AFP

Tech firms have spent years hawking the idea of a connected home filled with "smart" devices that help smooth daily domestic lives -- and this year's CES gadget show in Las Vegas is no different. The biggest firms have spent years trying to tackle the "interoperability" problem, finally agreeing a protocol last year called "Matter" that sets a standard for connected home products.

US services activity shrinks for first time since May 2020
US services activity shrinks for first time since May 2020
Business and Economy
by  AFP

The dominant US services sector contracted for the first time in more than two years in December, survey data showed on Friday, as business activity slumped. The ISM services index "ended a 30-month period of growth, contracting for the first time since two straight months of sub-50 percent readings in April and May 2020," said ISM survey chair Anthony Nieves.