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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.

OECD raises US, eurozone growth targets as world economy 'resilient'
OECD raises US, eurozone growth targets as world economy 'resilient'
by  AFP

The world economy has been "surprisingly resilient" in the face of adversity this year, the OECD said Tuesday, raising its growth estimates for key economies, notably the US and the eurozone. "The global economy has shown surprising resilience in 2025," the OECD said.