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Asian markets track Wall St bounce as Fed decision looms
Asian markets track Wall St bounce as Fed decision looms
by  AFP

Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.

Facing Bolivia's economic crunch with toy houses, fake banknotes
Facing Bolivia's economic crunch with toy houses, fake banknotes
by  AFP

For a month every year, thousands of Bolivians throng the stalls of an unusual market in La Paz, shopping for tiny toy houses and wads of fake cash -- substitutes for the real-life objects their hearts desire. I bought the little house with faith, and within a few years, I bought my (real) house."

Who might buy TikTok in the US?
Who might buy TikTok in the US?
by  AFP

As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running. Musk has criticized the potential ban, arguing that "it is not just about TikTok, it is about censorship and government control!"

Starbucks profits fall but points to progress in turnaround
Starbucks profits fall but points to progress in turnaround
by  AFP

Starbucks reported lower profits Tuesday in results that still topped expectations as the company's new CEO described various pilot program tests to reinvigorate the chain. Starbucks is also experimenting with algorithms that can improve efficiency in the production of drinks ordered through the company's smartphone app, Niccol said.

GM 2025 profit forecast clouded by Trump policy unknowns
GM 2025 profit forecast clouded by Trump policy unknowns
by  AFP

General Motors faced questions Tuesday about the impact of potential moves by the Trump administration targeting trade and the environment, with the uncertainty overshadowing the company's latest results. Acknowledging the "uncertainty," Chief Executive Mary Barra said the company had been "proactive" in engaging the Trump administration and Congress.

DeepSeek shock shows Europe not out of AI race: experts
DeepSeek shock shows Europe not out of AI race: experts
by  AFP

China-based DeepSeek's artificial intelligence model has shaken the sector by offering high performance apparently at a fraction of the cost of those developed by US giants, with many experts saying the release also hints at opportunity for investment minnow Europe.

Hopes for turnaround lift Boeing shares despite huge losses
Hopes for turnaround lift Boeing shares despite huge losses
by  AFP

Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit. The US aviation giant reported a fourth-quarter loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants.