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BRUSSELS, Belgium, Feb 23, 2024 (AFP) – 2024 will be a year of change for the world’s biggest tech companies as they bow to EU rules that come into force next month, shaking up how Europeans use vastly popular platforms from Google to Instagram. The European Union long ago set its sights on big tech, aiming to rein in globally dominant companies like Apple, Google and Microsoft. The landmark law known as the Digital Markets […]
By Martin ABBUGAO SINGAPORE, Feb 23, 2024 (AFP) – Boeing and Airbus struck deals to sell billions of dollars’ worth of planes at this week’s airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said. Plane makers are already behind in their current orders due to parts shortages and lack of skilled labour, as the travel sector recovers from the havoc caused by the Covid-19 pandemic. From […]
France’s iconic Eiffel Tower was closed for a fourth day on Thursday as employees extended a strike over the monument’s management, unions said. The stoppage at one of the world’s best-known tourist sites is the second within two months in protest of what unions say is insufficient investment. The tower’s operator, SETE, has advised ticket holders to check its website before showing up, or to postpone their visit. E-ticket holders were asked to check their […]
By Emeline BURCKEL with Marie-Morgane Le Moel in Paris LONDON, Feb 23, 2024 (AFP) – Attacks by Yemen’s Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes. The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes. Maritime container transport […]
WASHINGTON, Feb 23, 2024 (AFP) – Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs. Millennial-focused and known for its edgy news and lifestyle content, Vice had been among the rising stars of a new breed of digital media firms but struggled as advertising revenues shrank. The move is the latest dose […]
By John BIERS NEW YORK, Feb 22, 2024 (AFP) – Thousands of AT&T customers in the United States lost cell phone service for hours Thursday, with US officials saying there was no immediate indication of any cybersecurity attack. AT&T had succeeded by midday in winnowing the number of affected customers to a few thousand from a peak of 75,000. A few hours later near mid-afternoon, the company said it had fully restored all service. “We […]
HANOI, Feb 22, 2024 (AFP) – Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to crack the international market, aiming to compete with global EV giants such as Tesla. VinFast said in a filing submitted to the US Securities and Exchange Commission that its […]
LONDON, Feb 22, 2024 (AFP) – Global stock markets rallied Thursday, with Tokyo breaking a record high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence. Highly anticipated results from Nvidia after the Wall Street close Wednesday saw the company post quarterly profit of $12.3 billion on record revenue, driven by demand for its AI-powering chips. Japan’s Nikkei 225 jumped 2.2 percent […]
NEW YORK, Feb 21, 2024 (AFP) – Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes. Ed Clark, an 18-year Boeing veteran is “leaving the program,” Boeing Commercial Aviation (BCA) chief Stan Deal said in a memo released by the company. Katie Ringgold has been named as his replacement. The move comes after a 737 […]
SINGAPORE, Feb 22, 2024 (AFP) – European aviation giant Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes. Vietjet signed a memorandum of understanding with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement. “We are excited to work with Vietjet on the next phase of the carrier’s expansion,” said Christian Scherer, chief executive of Airbus’s […]
NAKA, Japan, Feb 22, 2024 (AFP) – With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan’s JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi. But inside it is a doughnut-shaped vessel where experiments done at millions of degrees could help unlock a carbon-free, inexhaustible and safe power source for the future: nuclear fusion. “Fusion energy, the power behind the Sun […]
KIKUYO, Japan, Feb 22, 2024 (AFP) – Surrounded by fields of carrots and cabbages, workers are putting the finishing touches to a factory opening on Saturday that is a milestone for both US ally Japan and Taiwanese chip giant TSMC. The $8.6-billion facility in the southern Kumamoto region showcases TSMC’s efforts to make some of its strategically crucial chips elsewhere than hotspot Taiwan, as well as Japan’s push to revive its once-dominant semiconductor sector. The […]
