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SEOUL, South Korea (AFP) — Samsung Electronics said Friday it expects profits to soar by 48.2 percent in the first quarter despite a smartphone recall fiasco and the arrest of its de facto head. The world’s largest memory chip and smartphone maker estimated its operating profit in the January-March period at 9.9 trillion won ($8.8 billion), up 48.2 percent from a year earlier, thanks to strong sales of memory chips and display panels. It marked […]
SAN FRANCISCO, United States (AFP) — Facebook on Thursday ramped up its fight against “fake news” by adding tips on how to tell when shared stories are bogus. An initiative being launched in the United States, France and a dozen other countries added an educational tool in an “awareness display” in news feeds at the leading online social network. “By clicking on the awareness display located at the top of their news feed, users will […]
WASHINGTON, United States (AFP) — Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018. Speaking Wednesday at the 33rd Space Symposium in Colorado Springs, Colorado, Bezos vowed to lower the cost of space travel and start taking customers to space by next year. The entrepreneur did not say how […]
(Eagle News) — Finance Secretary Carlos Dominguez III told participants at the ASEAN Finance Ministers Investors’ Seminar (AFMIS) that now is the best time to invest in the economies of the 10-nation Association of Southeast Asian Nations (ASEAN) as they are expected to collectively become a strong driver of global growth in the next decade. Dominguez, as host of this year’s AFMIS, delivered the opening remarks at the forum’s plenary session. Finance ministers and central […]
by Lachlan Carmichael STRASBOURG, France (AFP) — The European Parliament on Wednesday overwhelmingly adopted tough “red lines” for negotiations over a Brexit deal, on which European Union lawmakers will have the final say in two years’ time. The parliament largely followed EU President Donald Tusk’s draft guidelines issued last week after British Prime Minister Theresa May formally triggered the historic Brexit process. But they omitted any mention of the flashpoint issue of Gibraltar, unlike Tusk’s […]
NEW YORK, United States (AFP) — Pepsi said Wednesday it was dropping an ad featuring the supermodel Kendall Jenner that appeared to use the “Black Lives Matter” protests to promote the soda brand. The spot provoked an outcry and widespread derision on social media claiming Pepsi was seeking to profit from the social justice movement. “Pepsi was trying to project a global message of unity, peace and understanding. Clearly we missed the mark, and we […]
WASHINGTON, United States (AFP) — Amazon has dropped its appeal of a United States regulator’s order and will pay refunds up to $70 million for app purchases by children on its tablet computers, officials said Tuesday. The Federal Trade Commission announced it filed a joint request with Amazon to withdraw a court challenge to an order from last year, which was similar to actions taken against Apple and Google for failing to get parental authorization for […]
by Elaine Yu HONG KONG, China (AFP) — A giant diamond named the “Pink Star” broke the world record for a gemstone sold at auction when it fetched $71.2 million in Hong Kong on Tuesday. The 59.60-carat “Pink Star,” the largest in its class ever graded by the Gemological Institute of America, was sold to the city’s Chow Tai Fook jewellery chain. “Sotheby’s Hong Kong is very proud to have this record,” its Asia chairman […]
NEW YORK, United States (AFP) — Global stock markets moved tentatively higher on Tuesday, with a narrower United States trade deficit boosting Wall Street modestly ahead of a key US-China summit later this week, dealers said. European markets sloughed off earlier weakness caused by the Saint Petersburg metro attack Monday, which left 14 dead, dozens wounded and had initially sent investors rushing for haven investments like gold and the yen. US stocks also finished higher […]
by Nova SAFO Agence France Presse CHICAGO, United States — Tesla on Monday became the second-largest United States car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing. Many major auto makers reported US sales declines in March compared to a year ago, but Tesla over the weekend said it saw a huge jump in vehicles delivered to consumers […]
DIGITAL NEST | National Crayon Day By: Joy Anne Andres, Eagle News Service US, New York Bureau This year, Crayola celebrated National Crayon Day a little differently. For the first time, the company decided to retire a color from their well known 24-pack and gave the announcement of the crayon name right in the middle of New York City’s Times Square early Friday morning. In case you haven’t heard already, Dandelion is the color we […]
SEOUL, South Korea (Reuters) — South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a United States missile defense system, a Lotte’s top executive, Hwang Kag-gyu, said on Monday (April 3), denying rumors it wants to scale back its China operations. Chinese authorities last month closed dozens of Lotte retail stores following inspections, ramping up pressure on South Korea’s fifth-largest family-run conglomerate after it agreed to provide […]
