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TOKYO, March 15, 2024 (AFP) – Hungry McDonald’s customers in parts of Asia had trouble ordering at stores, on phones and at electronic kiosks on Friday after a system outage. In Japan, it experienced “a system failure” and was “temporarily suspending operation at many outlets”, the US fast food giant wrote on X, formerly Twitter. China was also affected for several hours, with the outage a hot topic on social media platform Weibo. The company […]
By Louis GENOT RIO DE JANEIRO, March 13, 2024 (AFP) – Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America’s biggest economy. Globally, hybrid cars sales are booming, offering consumers fuel savings, sustainability, and the assurance that they won’t find themselves stranded far from a public charging station in a fully electric vehicle. Brazil, with its population […]
FRANKFURT, Germany, March 13, 2024 (AFP) – German sportswear giant Adidas reported an annual loss for 2023 on Wednesday, still weighed down by the fallout from the end of its tie-up with controversial rapper Kanye West. The loss of 75 million euros ($82 million) followed a profit of 612 million euros the previous year. Sales fell by five percent to 21.4 billion euros, and were hit particularly hard in the United States due to the […]
Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year. The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. The rally was helped by news that Britain’s Financial Conduct Authority had said it would allow the creation of crypto-related securities. That comes […]
By Julie CHABANAS WASHINGTON, March 10, 2024 (AFP) – The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans — in turn putting pressure on smaller banks. “There will be bank failures, but this is not the big banks,” said US Federal Reserve Chair Jerome Powell on Thursday. In San Francisco, Washington and even New York, offices […]
SEOUL, March 8, 2024 (AFP) – South Korea’s so-called “kimchi premium” on bitcoin prices hit a two-year high this week, a cryptocurrency data firm said, as the virtual token broke records globally. Bitcoin hit a peak above $69,000 Tuesday, beating its previous high achieved in November 2021, buoyed by growing trading accessibility of the world’s biggest cryptocurrency, even as supply remains tight. The “kimchi premium” — named after the country’s fermented side dish — refers […]
NEW YORK, March 8, 2024 (AFP) – Media magnate Rupert Murdoch is not giving up on love — even at age 92. Murdoch announced Thursday that he plans to wed his girlfriend, Elena Zhukova, in June, The New York Times reported. Murdoch has been married four times before. His roller-coaster personal life is often fodder for the tabloid newspaper industry that he helped create on three continents. Last year, Murdoch announced his engagement to dental […]
MADRID, March 6, 2024 (AFP) – Spain’s data protection agency said Wednesday it had ordered the temporary suspension of the Worldcoin crypto project that relies on an eye scan to verify a user’s identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating last year and provides users with a private digital identity — a “World ID” — after they get their eye’s unique iris pattern scanned. The […]
WASHINGTON, March 6, 2024 (AFP) – Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos’ net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief’s $198 billion. Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla’s share price has dropped 25 percent in recent […]
LONDON, March 5, 2024 (AFP) – Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world’s biggest cryptocurrency becoming more accessible for trading amid tightening supplies. Bitcoin reached $69,191.94, beating a record $68,991 struck in November 2021. The volatile asset later retreated to $67,442. Bitcoin has enjoyed an unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. Since their approval on January 10 by US securities regulators, […]
By Hashem Osseiran and Agnes Pedrero ABU DHABI, March 1, 2024 (AFP) – A high-level WTO conference ended Saturday with a temporary extension of an e-commerce moratorium but no deals on agriculture and fisheries, throwing into doubt the effectiveness of the multilateral trade body. The outcomes of the World Trade Organization’s 13th ministerial conference in Abu Dhabi highlighted the sharp divisions between the body´s 164 members amid geopolitical tensions and economic headwinds that are threatening […]
By Glenn CHAPMAN with Joseph BOYLE in Paris SAN FRANCISCO, March 1, 2024 (AFP) – Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in 2015, accusing its leaders of a “betrayal” of its founding mission. The tycoon, who left OpenAI in 2018, argued in documents filed in a San Francisco court late Thursday that the firm was always intended as a nonprofit entity. But he said […]
