Tech News

Saudi Arabia transfers more Aramco oil shares to wealth fund

Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said Sunday.. The official Saudi Press Agency said the shares had been transferred to Sanabil Investments, a firm controlled by the kingdom's Public Investment Fund (PIF), one of the world's biggest sovereign wealth funds with more than $620 billion in assets.

Sun, Apr 16, 2023 2 mins read

Tech News

China's economy expected to rebound as zero-Covid era fades

China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year.. The disclosures on Tuesday will give the first snapshot since 2019 of a Chinese economy unencumbered by public health restrictions, with analysts polled by AFP expecting an average of 3.8 percent year-on-year growth in the period from January through March.

Sun, Apr 16, 2023 3 mins read

Tech News

Renters despair over cut-throat London market

With soaring rent prices and cut-throat competition, Cyndi Cheng, 34, thought she would never find a place to rent in London after moving from Hong Kong earlier this year.. One landlord refused to let her view a property because she did not have a full-time employment reference, having just moved from Hong Kong on a UK special visa granted to residents after the imposition of China's security law.

Sat, Apr 15, 2023 3 mins read

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Microsoft's bid to buy games giant faces triple anti-trust threat

Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most popular video games to more people, or the villain on the brink of killing competition in the sector.. Microsoft argues that these will give 150 million more people access to games like "Call of Duty".

Sat, Apr 15, 2023 3 mins read

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COP28 head urges 'accessible' global climate finance

Sultan Al Jaber, president of the COP28 climate talks, called on Saturday for "available, accessible and affordable" finance for the developing economies most vulnerable to the destructive impacts of a warming planet.. In a closed-door address to the G7 climate ministers on Saturday, Al Jaber also called for developed countries to follow through on an unfulfilled promise to provide developing nations with $100 billion a year to fight climate change.

Sat, Apr 15, 2023 2 mins read

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Germany ends nuclear era as last reactors power down

Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. . The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters such as Chernobyl in Ukraine.

Sat, Apr 15, 2023 3 mins read

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Trump financial disclosure reveals post-presidency earnings

Donald Trump filed his first post-presidency financial disclosure on Friday, indicating ballpark income earned off everything from his digital trading card series to the company behind his Truth Social media network.. Trump meanwhile reported earning no more than $200 from the Trump Media & Technology Group, the parent company of his social media platform Truth Social.

Fri, Apr 14, 2023 1 mins read

Tech News

Elon Musk forms X.AI artificial intelligence company

Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday.. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business filing indicated.

Fri, Apr 14, 2023 1 mins read

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Climate focus shouldn't 'dilute' Africa development needs: World Bank official

The World Bank must ensure that its ambitious climate agenda does not come at the expense of the pressing development needs of its African members, a senior bank official said Friday.. "We want to make sure that the development agenda is not diluted in the climate agenda," Abdoul Salam Bello, a member of the bank's executive board, said in an interview on Friday.

Fri, Apr 14, 2023 2 mins read

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Montana lawmakers vote to ban TikTok in US state

Lawmakers from the western US state of Montana voted Friday to impose a total ban on TikTok setting up a legal fight over accusations that the popular app is a tool of the Chinese Communist Party.. When introducing the bill on Thursday, Montana state representative Brandon Ler said the Chinese Communist Party is "hiding behind TikTok where they can spy on Americans."

Fri, Apr 14, 2023 2 mins read