AFP
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Author's articles
Trump's Canada fixation: an expansionist dream
A savvy negotiating tactic?
Struggling Intel names industry veteran Lip-Bu Tan as CEO
Intel on Wednesday announced tech industry veteran Lip-Bu Tan as its new chief executive, boosting shares of the US computer chipmaker struggling to catch up in the AI race. Intel's niche has been in chips used in traditional computing processes being eclipsed by the AI rage.
Generative AI rivals racing to the future
Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology. The Tesla tycoon bought Twitter in late 2022.
DeepSeek dims shine of AI stars
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.
Monopoly Go game maker Scopely to buy Pokemon Go team
Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday. Scopely said the deal, valued at $3.5 billion, will bring it Niantic's entire team of game makers. gc/dw
S.Africa revised budget gets booed despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.
Shares in Zara owner Inditex sink despite record profit
Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.
US consumer inflation cools slightly as tariff worries flare
US consumer inflation inched lower in February according to government data Wednesday, in the first full month of Donald Trump's White House return -- but concerns remain over stubborn price growth as jitters flare over the president's trade policies. The consumer price index (CPI) came in at 2.8 percent last month from a year ago, down from 3.0 percent in January, said the Department of Labor.
EU hits back hard at Trump tariffs to force dialogue
The EU put on a quick show of force Wednesday against sweeping new US steel and aluminium tariffs, striking back with countermeasures that seek to hurt the United States and force it to the negotiating table. They will target US states controlled by Trump's Republican Party as well as goods that the EU believes will hurt American businesses enough to force the president to row back.
AFP
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