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Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking
Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking
by  AFP

The partner of the ex-CEO of the Abercrombie and Fitch clothing line pleaded not guilty Tuesday in US federal court to charges of sex trafficking and interstate prostitution and was released on $10 million bond. Jacobson also pleaded not guilty to the same charges as the other defendants and was released on half a million dollars bond in October. bur-nr/dw/md

Amazon launches AI models to challenge rivals
Amazon launches AI models to challenge rivals
by  AFP

Amazon on Tuesday unveiled a suite of artificial intelligence models in its boldest move yet to compete with tech giant rivals in the fast-growing generative AI sector. Even if Google, Microsoft and OpenAI have taken the lead on AI, AWS remains the market leader in cloud computing, which is needed to power artificial intelligence tools and products.

Retailers point to solid US sales over holiday weekend
Retailers point to solid US sales over holiday weekend
by  AFP

US consumers turned out in force in stores and online over the Thanksgiving weekend, a key stretch in the holiday shopping season, a leading retailer group said Tuesday. A total of 126 million people shopped in-store in 2024 compared with the 124.3 million who shopped online; the reverse was true in 2023.

Defying headwinds, Germany stocks hit milestone
Defying headwinds, Germany stocks hit milestone
by  AFP

Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy. The index, which groups the 40 largest publicly-traded companies on the Frankfurt Stock Exchange, reached 20,022 points at around 0900 GMT before slightly paring its gains.