BUSINESS

Microsoft CEO Satya Nadella says his company could never compete against Google's search engine largely due to its arrangements with Apple

Microsoft CEO Hits Out At 'Dominant' Google In US Trial

Microsoft CEO Satya Nadella told a US court on Monday that Google's dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company's archrival.
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Meta chief technology officer Andrew Bosworth tells AFP the Silicon Valley tech giant aims to make generative artificial intelligence tools easy for people to use

Meta Technology Chief Defends Tech Titan's AI Strategy

Meta's chief technology officer is quick to push back on assertions that the company has fallen behind rivals like ChatGPT in the explosive surge across the tech industry in generative AI. "The majority of the world's population will have their first experience of generative artificial intelligence with us," Andrew "Boz" Bosworth told AFP at the company's recent Connect conference for developers.
The private space sector has soared in India, with the number of start-ups doubling to 190

India's Private Space Sector Skyrockets

When Indian entrepreneur Awais Ahmed founded his satellite startup in Bangalore in 2019, his country was still a year away from opening the space industry to the private sector.
Maldives leader Ibrahim Mohamed Solih, the defeated incumbent in the September 30, 2023 presidential vote, was elected back in 2018 on the back of discontent with a predecessor's increasingly autocratic rule

Pro-China Candidate Wins Maldives Presidency

Pro-China candidate Mohamed Muizzu won Saturday's presidential election in the Maldives, a result set to once again upend the archipelago's relationship with traditional benefactor India.
The US government is hours away from a shutdown as Republican lawmakers fail to reach a deal on a funding agreement

US Government Hours From Shutdown, Funding Chaos

The US government on Saturday was hours from shutting down after the far right of the Republican Party scuppered final attempts at a temporary budget agreement, throwing into doubt everything from access to national parks to Washington's massive support for Ukraine.
Vinfast which launched in 2017, aims to compete with giants like Elon Musk's Tesla

VinFast Share Volatility 'Normal': Chief Executive

The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is "normal", its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.
A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016.   Picture taken December 12, 2016.

How Costco Shines Among Retailers

A Placer.ai report shows that Costco's traffic has been gaining momentum, with year-over-year visits increasing 3% during August, 4.5% in July and 3.6% in June.
A surge in tech titans including Alibaba and JD.com helped push Hong Kong's Hang Seng Index sharply higher

Asian Markets Mostly Rise After Wall St Gains

Most Asian markets followed Wall Street higher Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve will push interest rates even higher.
A banner reads "Make Inflation Small Again" next to the European Central Bank building in Frankfurt

German Inflation At Lowest Since Start Of Ukraine War

German inflation slowed in September to the lowest level since the outbreak of the Ukraine war, data showed Thursday, offering a glimmer of hope even as Europe's top economy struggles to emerge from a recession.
Ryan joined Sony Interactive Entertainment in 1994 and held a number of senior positions before becoming CEO of the division in 2019

Sony PlayStation CEO Ryan To Retire

Sony's gaming unit chief Jim Ryan will retire next March, the Japanese firm said Thursday, after putting the PlayStation 5 on track to become its "most successful console yet".

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