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Samsung plans $310 bn investment to power AI expansion
South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom. The investment package announced on Sunday comes after the South Korean government had pledged to triple spending on artificial intelligence next year.
Luxury houses eye India, but barriers remain
The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. - 'Ticks all the boxes' – India's luxury market is still relatively small, but expanding rapidly.
Budget coffee start-up leaves bitter taste in Berlin
Instantly recognisable by their electric blue shop fronts, branches of LAP Coffee have become a common sight in Berlin's hippest neighbourhoods over the past two years. Inside its branches, seating is sparse -- the idea being to snap an Instagrammable selfie in front of the chic decor before taking your coffee away in one of LAP's signature electric blue cups.
Zelensky vows overhaul of Ukraine's scandal-hit energy firms
Ukrainian President Volodymyr Zelensky on Saturday announced an overhaul of state-owned energy companies, after a corruption scandal at the heart of a sector battered by Russian attacks sparked a public outrcy.
BBC caught in crossfire of polarised political and media landscape
Accused of being biased by some, defended as a champion of impartiality by others, the BBC is once again the subject of a thorny debate about the role of a publicly funded broadcaster in an increasingly polarised landscape. BBC chairman Samir Shah this week defended the organisation's "sacred job" of upholding impartiality and the truth.
Purdue Pharma to be dissolved as US judge says to approve bankruptcy
OxyContin maker Purdue Pharma, blamed for helping to fuel a deadly opioid crisis, said Friday that a US bankruptcy judge will sign off on a deal to settle thousands of lawsuits against the company, which will cease to exist. "Soon, Purdue will cease to exist."
UN regulator says shipping still wants to decarbonize -- despite US threats
Threats, intimidation, harassment -- the tactics deployed by US negotiators to stall a global deal on shipping pollution last month sent chills through climate diplomats ahead of the COP30 summit.
Trump signs order to lower tariffs on beef, coffee, other goods
President Donald Trump signed an order Friday to lower US tariffs on agriculture imports such as beef, bananas, coffee and tomatoes, as his government comes under pressure from voters grappling with the escalating cost of living. Democrats swept all three of those races, with an intense focus on cost of living issues.
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Maduro blames Venezuela's economic woes squarely on US sanctions.
AFP
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