Posts by Amelia Frost
Japan’s Panasonic Targets 10,000 Job Cuts Worldwide
[ad_1] Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. The cuts, which represent around four percent of the group’s workforce of nearly 230,000, will be implemented mainly in the current financial year to March, it said. Panasonic said…
Read MoreGerman Lender Commerzbank’s Profits Jump As It Fends Off UniCredit
[ad_1] German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy’s UniCredit. UniCredit has since last year built up a hefty stake in its German peer, fueling talk that it is seeking a full…
Read More$XRP Pumps As SEC Files For Ripple Lawsuit Settlement – Is It Actually Game Over?
[ad_1] KEY POINTS The SEC finally announced a settlement agreement with Ripple weeks after the company made its own announcement Some crypto users believe it may take a few more months before the lawsuit’s end is finalized $XRP surged Thursday night amid the development but has yet to see a more significant price pump The…
Read MoreZhao’s Historic Snooker Title Sparks Talk Of China World Domination
[ad_1] Zhao Xintong’s historic World Snooker Championship title is set to spur the game to even greater heights in China and sparked predictions the country could come to dominate the sport. The 28-year-old left-hander beat Mark Williams at Sheffield’s Crucible Theatre on Monday to become the first Asian to clinch snooker’s biggest prize. Zhao celebrated…
Read MorePoisoned Guests Rarely Invited Before Deadly Mushroom Lunch, Australia Trial Hears
[ad_1] An Australian woman accused of triple murder with a toxic mushroom-laced beef Wellington had rarely invited her four guests to eat at her home before, a court heard Friday. Erin Patterson, 50, is charged with murdering the parents and aunt of her estranged husband in July 2023 by serving them the pastry-and-beef dish with…
Read MoreChina Sales To US Slump Even As Exports Beat Forecasts
[ad_1] China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that…
Read MoreAsian Stocks Lifted By Hopes For US-China Talks After UK Deal
[ad_1] Most Asian equities rose Friday on growing optimism that the worst of Donald Trump’s trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend. The mood among investors has improved substantially since the US president unveiled his…
Read MoreU.S.-U.K. Trade Deal to Build on Close Ties but Leave Some Tariffs in Place
[ad_1] President Trump announced on Thursday that the United States intended to sign a trade deal with Britain that would bring the two nations closer and roll back some of the punishing tariffs he issued on that country’s products. Both sides consider a trade pact deeply beneficial, and a deal has been under discussion since…
Read MoreMusk-Tied Investor Clashes With One of World’s Biggest Asset Managers
[ad_1] A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing it of fraud and attempted bribery. In a lawsuit filed on Thursday in California, Josh Raffaelli, who until late last year was a fund manager at Brookfield Asset Management, said the company…
Read MoreCrypto Bill Stalls in the Senate as Democrats Balk
[ad_1] A first-of-its-kind bill to regulate parts of the cryptocurrency industry stalled in the Senate on Thursday, after Democrats blocked it amid concerns in their party about how President Trump and his family are profiting from crypto. On a vote of 48 to 49, the measure failed to muster the 60 votes necessary to advance.…
Read MoreAI Tool Uses Selfies To Predict Biological Age And Cancer Survival
[ad_1] Doctors often start exams with the so-called “eyeball test” — a snap judgment about whether the patient appears older or younger than their age, which can influence key medical decisions. That intuitive assessment may soon get an AI upgrade. FaceAge, a deep learning algorithm described Thursday in The Lancet Digital Health, converts a simple…
Read MoreExtremely Online New Pope Unafraid To Talk Politics
[ad_1] From pillorying the US vice president to denouncing the death penalty, Pope Leo has proven unafraid to tackle prickly political issues on social media — making him the first “extremely online” pontiff. When JD Vance suggested that Christians should love their family, neighbors, community and fellow citizens — in that order — one very…
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