Tech News

Global bank shares sink over US fears

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.. Deutsche Bank was among the biggest losers on Friday as its shares fell by almost 10 percent after Frankfurt's stock market opened, recovering somewhat later to trade around seven percent lower.

Shares in Chinese developer Kaisa plunge as trading resumes

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors.. Shares fell as much as 41 percent to a record low of HK$0.5 (about six US cents) on Friday morning, after the trading halt was lifted as a result of the data release. 

The technology fighting Rwanda's silent killer of women

When Rwandan villager Lillian was diagnosed with cervical cancer, the 30-year-old feared that her life was over.. The stigma and fear surrounding the disease and its connection to HIV -- a major risk factor for cervical cancer -- means many Rwandan women are reluctant even to get tested.

Bank of Japan leaves policy unchanged as Kuroda bows out

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda.. Kuroda, 78, will step down at the end of his second term on April 8, after a tenure -- the longest-ever for a Bank of Japan chief -- defined by his signature "bazooka" easy-money policies.

Tourism announces its return at Berlin fair, defying inflation

The Berlin tourism industry fair this week celebrated its comeback from the dark days of the coronavirus pandemic with strong demand that has so far defied high inflation figures.. In total, arrivals stood at 67 percent of their pre-pandemic level, with the figure reaching as high as 80 percent in Europe.

Bank of Japan's 'bazooka' chief Kuroda's record tenure

Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy-money policies, designed to reboot the country's moribund economy.. Later that year, Kuroda announced another step -- buying as many or few 10-year government bonds as necessary to ensure their yields remained steady at zero.

Asian markets tumble as bank worries spread from Wall Street

Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.. Major US banks suffered hefty losses, with Wall Street titans including JP Morgan and Goldman Sachs sharply lower.

Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter

TikTok's latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face.. Quietly released to the app's more than a billion users, Bold Glamour convincingly blends a user's real face with an AI-generated ideal of a supermodel, drawing both laughs and alarm.

Japan parliament approves new central bank chief Ueda

Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda.. Ueda told lawmakers last month that he saw the "continuation of monetary easing as appropriate", warning of uncertainty in financial markets and the global economy.

NASA to reveal crew members in April for flight around Moon

NASA will announce the names next month of the four astronauts -- three Americans and one Canadian -- who will fly around the Moon next year, the head of the US space agency said Thursday.. The space agency also announced Thursday that it will unveil a prototype in Houston on March 15 of the next generation spacesuits being made by Axiom Space that the NASA astronauts will wear on the Moon's surface.