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UK clears $4 bn AI partnership between Amazon, Anthropic
Britain's competition regulator on Friday cleared Amazon's investment of up to $4 billion in Anthropic, an American developer of artificial intelligence, following a short probe. The British regulator had probed whether the partnership caused "a substantial lessening of competition within any market or markets in the United Kingdom for goods or services".
60 'survivors' accuse ex-Harrods boss Al-Fayed of sex abuse: lawyers
Around 60 women have now come forward to allege they were sexually abused by former Harrods owner Mohamed Al-Fayed, lawyers representing them said on Friday. We expected that anywhere Mohamed Al-Fayed went, abuse would follow," the statement read.
UK watchdog bans Naomi Campbell from running charity over 'misconduct'
Former supermodel Naomi Campbell has been barred from running a charity after an inquiry found funds raised by an organisation she founded had been spent on spa treatment and room service charges. The regulator also looked at additional expenses totalling £6,600 for Campbell's hotel stay, including spa treatments, room service and the purchase of cigarettes.
Cuts, cash, credit: China bids to jumpstart flagging economy
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures are considered the boldest in years as Beijing aims to revive economic activity.
France's debt weighs heavier ahead of budget debate
France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.
EasyJet founder makes life hard for 'brand thieves'
Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.
'Broken' news industry faces uncertain future
From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow. - Eroding trust - Public trust in the media has increasingly eroded in recent years.
China cuts amount banks hold in reserve to boost lending
China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth. Also Friday, the bank cut the seven-day reverse repo rate -- the short-term interest paid by the central bank on loans from commercial lenders -- from 1.7 percent to 1.5 percent.
Hong Kong, Shanghai extend surge as China optimism boosts markets
Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy. Hong Kong soared more than three percent in opening trades before paring the gains, while Shanghai was also sharply higher -- both markets are now up around 10 percent from Friday's close.
AFP
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