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San Francisco sues producers over ultra-processed food
San Francisco sues producers over ultra-processed food
by  AFP

San Francisco is suing makers of the ultra-processed food that health experts say has led millions of Americans into obesity during decades of over-consumption, the city said Tuesday. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said.

Trump hints economic adviser Hassett may be Fed chair pick
Trump hints economic adviser Hassett may be Fed chair pick
by  AFP

US President Donald Trump on Tuesday hinted that he wants to nominate his chief economic adviser Kevin Hassett to replace outgoing Federal Reserve Chairman Jerome Powell next year. Hassett, a PhD economist, is currently chair of the National Economic Council, a White House body which advises the president and his cabinet on policymaking.

Amazon unveils new AI chip in battle against Nvidia
Amazon unveils new AI chip in battle against Nvidia
by  AFP

Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push to compete with Nvidia in the lucrative market for artificial intelligence computing power.

Prada completes acquisition of flashy rival Versace
Prada completes acquisition of flashy rival Versace
by  AFP

Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Versace's lustre had been waning in recent years, unlike that of the Prada Group, which is in robust health, fuelled by strong sales of its younger Miu Miu Line.