Tech News

Foxconn plans new India iPhone plant in shift away from China

Apple will manufacture iPhones at a new plant in India, officials said Friday, as the US tech giant seeks to ramp up its India production and diversify away from China.. Foxconn, the world's top iPhone assembler, has since 2019 manufactured Apple handsets in India at its plant in the southern state of Tamil Nadu.

Belgian court prolongs pre-trial detention for graft case MEPs

Belgian judges on Friday prolonged the pre-trial detention of Greek MEP Eva Kaili, accused of receiving bribes from a corrupt network allegedly funded by Morocco and Qatar, for two more months.. A second MEP accused in the sprawling inquiry, Belgian Marc Tarabella, saw his pre-trial detention extended by one month, Brussels prosecutors announced.

ChatGPT turns to manga in 'One Piece' author experiment

The AI programme ChatGPT has passed exams, penned news articles and produced code.. The second time around the programme was rewarded for producing a storyline in which an alien joins "One Piece" characters and "pirate king" Luffy to fight a witch and rebuild its home star that had been destroyed by an evil spaceship.

Ericsson to pay over $200 mn for breaching US deal over Iraq graft

Swedish telecom equipment maker Ericsson has said it will pay a $207 million fine for breaching a deal with US authorities by not disclosing an investigation relating to suspected bribes to the Islamic State group in Iraq.. But last year, an investigation coordinated by the International Consortium of Investigative Journalists (ICIJ) revealed that an internal inquiry at Ericsson had also found suspected payments to IS jihadists in Iraq between 2011 and 2019 -- a period covered by US prosecution deal.

Turkey's inflation slows further as presidential vote nears

Turkey's inflation rate slowed for a fourth consecutive month in February, official data showed Friday, ahead of May elections in which President Recep Tayyip Erdogan's economic record will be a key issue for voters.. The president is also sticking with contested economic policies that have deterred many foreign investors, including an ill-fated attempt to fight inflation by slashing interest rates. 

UK mine plan pits enthusiasts against environmentalists

In the 37 years since the last coal pit closed in Whitehaven, the once-proud mining town on northwest England's remote Cumbrian coast has hit on hard times.. "There are very few families around the Whitehaven area that wouldn't have had somebody that's been down the pits, even though the last one closed nearly 40 years ago."

Lufthansa returns to annual profit after Covid losses

German airline giant Lufthansa said Friday it returned to annual profit in 2022 after two years of losses, its fortunes lifted by rebounding demand as economies reopened after Covid shutdowns.. Lufthansa, which also includes Eurowings, Austrian, Swiss and Brussels Airlines, said 102 million passengers flew with airlines of the group in 2022 -- more than twice as many as in 2021. 

Lufthansa returns to annual profit after Covid losses

German airline giant Lufthansa said Friday it returned to annual profit in 2022 after two years of losses, its fortunes lifted by rebounding demand as economies reopened after Covid shutdowns.. When the coronavirus brought global air travel to a halt, Lufthansa suffered massive losses and had to be bailed out by the German government in 2020. 

China to unveil lowest growth goal in years: analysts

China will likely set one of the country's lowest growth goals in decades at the annual National People's Congress next week, experts told AFP, hit by long-running property woes, a sluggish global economy and geopolitical tensions.. And economists surveyed by AFP predicted goals for 2023 will be conservative, expecting policymakers to aim for 5.3 percent, one of the lowest targets in decades.

Asian markets rise with Wall St on lower rate hopes

Asian markets on Friday tracked a Wall Street rally after a top Federal Reserve official said he would back a small interest-rate hike at its next meeting but hinted at a possible summer pause to see how tighter policy has impacted inflation.. That would allow the bank to pause its tightening in the summer.