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Third Al-Fayed brother accused of sexual abuse: BBC
Third Al-Fayed brother accused of sexual abuse: BBC
by  AFP

Three former employees at London's Harrods store have accused another brother of its late boss Mohamed Al-Fayed of sexual assault, after hundreds of similar claims were made against the tycoon, the BBC reported Thursday. London's Metropolitan police has opened a new investigation into sexual assault claims against Mohamed Al-Fayed, which has identified at least 90 victims. aks/jkb/ach

'Lottery ticket': Crypto investors brace for bumpy ride under Trump
'Lottery ticket': Crypto investors brace for bumpy ride under Trump
by  AFP

Nick was enjoying his Saturday off work in Pennsylvania when he received an unexpected and alarming message: cryptocurrencies, buoyed since Donald Trump's November 5 election win, were in freefall. The value of Bitcoin, by far the most important crypto which has broken record after record and gained around 50 percent since Trump's election, dropped six percent at the height of the crash.

Most Asian markets rise ahead of key US jobs data
Most Asian markets rise ahead of key US jobs data
by  AFP

Most Asian equities advanced Friday as investors head into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington as the Trump administration presses ahead with a hardball trade agenda. Still, for now investors were enjoying the relative calm as analysts say the White House's moves have so far been less strident than initially feared.

Big Tech's AI spending rattles markets
Big Tech's AI spending rattles markets
by  AFP

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs. However, Amazon's shares dropped more than 5 percent in after-hours trading, mirroring reactions to Microsoft and Google's results - strong profits overshadowed by concerns about AI spending.

Amazon profits double, but cautious outlook disappoints
Amazon profits double, but cautious outlook disappoints
by  AFP

E-commerce giant Amazon reported Thursday its fourth-quarter net income nearly doubled to $20 billion, driven by strong holiday sales, but its outlook for the coming quarter came in less than hoped for by analysts.

OpenAI says to host some customers' data in Europe
OpenAI says to host some customers' data in Europe
by  AFP

ChatGPT developer OpenAI said Thursday that it would allow some European customers to store and process data from conversations with its chatbots within the European Union, rather than on its infrastructure in the United States or elsewhere.

L'Oreal bullish after net profits rise
L'Oreal bullish after net profits rise
by  AFP

French cosmetics giant L'Oreal said Thursday its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025. Given that Chinese demand had failed to rebound last year as hoped Hieronimus said the group had nonetheless performed well, enjoying good years in Europe and the United States.