BUSINESS

ECB To Look Past Trump Risk And Push On With Rate Cuts

US President Donald Trump has threatened key trading partners, including the EU, with hefty tariffs
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
Multiple agencies responded to the reported collision of a passenger jet and military helicopter over the Potomac River in Washington

Passenger Plane Collides With Helicopter Near Washington Airport

A regional passenger plane from Kansas crashed into Washington's chilly Potomac River after colliding mid-air with a military helicopter near Reagan National Airport on Wednesday, officials said, prompting a major emergency response and grounding of all flights.
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The emergence of DeepSeek's lower cost breakthrough particularly threatens US-based AI leaders like OpenAI and Anthropic, which have invested billions in developing leading AI models

With China's DeepSeek, US Tech Fears Red Threat

The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late.
Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganisation

Sony Names New CEO In Management Reshuffle

Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganization.
Tourists stand in front of the Sagrada Familia basilica in Barcelona on July 5, 2024

Spanish Economy Shines In 2024 With 3.2% Growth

The Spanish economy expanded 3.2 percent last year thanks to buoyant exports and consumption that have made it one of the fastest-growing developed countries, official data showed on Wednesday.
If confirmed as health secretary, Robert F Kennedy Jr would take the helm of a department overseeing more than 80,000 employees and a $1.7 trillion annual budget

Trump's Health Sec Pick RFK Jr Faces Critical Senate Hearing

Robert F. Kennedy Jr faces a pivotal Senate hearing Wednesday where he will be grilled on his history of promoting vaccine misinformation and plans to upend US science agencies as he bids to become President Donald Trump's health secretary.
Up and coming British actor Leo Woodall also stars as Bridget's much younger love interest

Film's Hapless '90s Singleton Bridget Jones Returns

Hollywood star Renee Zellweger on Wednesday will mark the return of Bridget Jones -- the Chardonnay-swigging, calorie-counting hapless 1990s singleton -- at the world premiere of the franchise's upcoming film "Mad About the Boy".
DeepSeek has stunned investors and industry insiders with its new chatbot

DeepSeek's 'Sputnik Moment' Exposes Holes In US Chip Curbs

US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek's AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI. The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with its R1 programme, which can match its American competitors seemingly at a fraction of the cost.
ASML left guidance unchanged for this year's sales

Dutch Chip Giant ASML's Net Profits Dip In 2024

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a drop in annual net profits Wednesday, as geopolitical headwinds and the emergence of Chinese AI start-up DeepSeek disrupt the sector.
Ito's film 'Black Box Diaries' shows how she was initially ignored by police, prosecutors and many media outlets

Japan #MeToo Survivor Says Media Are Failing In Wake Of Fuji TV Scandal

Japanese media are still failing to report sexual assault cases properly, a key figure in the country's nascent #MeToo movement told AFP in the wake of the scandal surrounding celebrity Masahiro Nakai and Fuji TV. Former boy band star Nakai was accused in a tabloid last month of sexually assaulting a woman in 2023, allegedly paying her some 90 million yen (about $570,000) as she signed a non-disclosure agreement.
Shares in Tokyo joined a rebound on Wall Street following a painful start to the week

Asian Markets Track Wall St Bounce As Fed Decision Looms

Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.
Health misinformation on popular podcasts often goes unchecked.

Influential Podcasts Fuel 'Harmful' Health Misinformation

Unfounded cancer cures, dubious anti-vaccine narratives, and false claims that neurological disorders can be "reversed" through diets: influential American and European podcasters are peddling harmful health misinformation while largely escaping scrutiny, researchers say.
DeepSeek's release has sent some tech stocks plunging

DeepSeek Shock Shows Europe Not Out Of AI Race: Experts

China-based DeepSeek's artificial intelligence model has shaken the sector by offering high performance apparently at a fraction of the cost of those developed by US giants, with many experts saying the release also hints at opportunity for investment minnow Europe.

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