Tech News

Asian markets rebound from Fed sell-off but traders still uneasy

Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report.. He told Bloomberg News: "I would expect that that would translate into us raising interest rates more than I have projected right now." 

UK property investors include Kremlin allies: study

Almost 52,000 UK properties are owned by anonymous investors, including some "close to the Kremlin", a report said Tuesday despite laws seeking to stop dirty Russian cash after Moscow's invasion of Ukraine.. More than a fifth, or £1.5 billion, was ploughed into property with "suspect funds from Russia, including those subject to sanctions and close to the Kremlin", it added.

Pakistan PM orders Wikipedia website unblocked

Pakistan's prime minister on Monday ordered authorities to unblock Wikipedia, the government announced, just days after the online encyclopedia was restricted for "blasphemous content".. - 'Unintended consequences' - According to the order published Monday, Prime Minister Shehbaz Sharif had instructed a committee made up of three government ministers to examine the PTA's decision to block Wikipedia.

Google to release ChatGPT-like bot named Bard

Google said Monday it will release a conversational chatbot named Bard, setting up an artificial intelligence showdown with Microsoft which has invested billions in the creators of ChatGPT, a language app that convincingly mimics human writing.. Before the emergence of ChatGPT, which was released in late November, Google had been reluctant to launch its own language-based AI fearing the reputational risk of releasing technology that wasn't ready.

Renault chairman says projects will rebalance Nissan alliance

The refounding of the Renault, Nissan and Mitsubishi alliance announced Monday will lead the rebalancing of their partnership via concrete projects, Renault's chairman Jean-Dominique Senard told AFP. Q. What is purpose of the refoundation?. Today, we are entering a new era where the partnership will finally be rebalanced....

West's new oil sanctions aim to tighten screws on Russia

The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.. Moscow will be forced to find new markets for its oil products to preserve revenues that help finance its ongoing war in Ukraine.

US tech giant Dell to cut 5% of its global workforce

American computer firm Dell said Monday that it will lay off some five percent of its global workforce, or around 6,650 employees, the latest casualties of a job-slashing wave hitting the US tech sector.. According to the specialist site Layoffs.fyi, just over 88,000 tech employees have lost their jobs since the beginning of January worldwide, not counting Dell's announcement on Monday. dho-st/bys

Meta fails to stop work conditions case in Kenya

A Kenyan court on Monday rejected a bid by Facebook's parent company Meta to stop a case accusing it of exploitation and poor working conditions.. Meta has faced scrutiny over the working conditions of content moderators who say they spend hours focused on hateful, disturbing posts with little regard given to their well-being.

'Upending the world': Swiss teachers take on ChatGPT

"It is dizzying," Eric Vanoncini acknowledged to the classroom full of anxious teachers as reams of text generated by the ChatGPT bot unfurled on the large screen behind him.. - Like the Tour de France - Standing in the darkened, crowded classroom, Vanoncini showed off the tool, asking ChatGPT to write his introduction... about ChatGPT. The result, emerging on screen within seconds, was a succinct, well-written text "with no spelling mistakes", he pointed out, acknowledging: "It is quite astonishing."

Renault, Nissan boards approve 'rebalanced' alliance

The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their rocky 24-year alliance following months of negotiations, the companies said on Monday.. The Renault board approved the deal on Sunday while Nissan signed off on it on Monday, a week after the agreement was announced.