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Korean Air buys majority stake in rival Asiana Airlines
Korean Air buys majority stake in rival Asiana Airlines
by  AFP

South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. The European Commission, the bloc's powerful antitrust authority, last year expressed concerns the takeover could restrict competition on routes between Europe and South Korea.

Australia to force tech titans to pay for news
Australia to force tech titans to pay for news
by  AFP

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Australia wants big tech companies to compensate local publishers for sharing articles that drive traffic on their platforms.

Australia to force tech titans to pay for news shared on platforms
Australia to force tech titans to pay for news shared on platforms
by  AFP

Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Australia wants big tech companies to compensate local publishers for sharing news links that drive traffic to their platforms, an idea they have baulked at in the past.

Asian markets fluctuate after Wall St record; eyes on China
Asian markets fluctuate after Wall St record; eyes on China
by  AFP

Equities swung in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China's economy.

Lithium-rich Bolivia lags behind in race to mine key metal
Lithium-rich Bolivia lags behind in race to mine key metal
by  AFP

In a patch of South America rich in lithium, used to make batteries for electric cars and other tech, Bolivia is lagging behind its neighbors in the race to mine the key metal. - In South America, lithium lies in salt flats.

Video game bosses gather at 'darkest hour' for industry
Video game bosses gather at 'darkest hour' for industry
by  AFP

The movers and shakers of the video game industry will gather Thursday in Los Angeles to celebrate the annual Game Awards, the sector's equivalent of the Oscars. "We're still in the very early stages of this big push from Chinese game companies to release AAA games," said Ahmad, using an industry term for games with the biggest budgets.