Tech News

Most Asian markets drop as US jobs fan rate worries

Asian markets mostly fell Monday and the dollar extended gains after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes.. On currency markets the prospect of rates going much higher saw the dollar surge against its main peers Friday, and it continued to strengthen in Asia.

'Assassin's Creed' composer wins first ever video game music Grammy

"Assassin's Creed" composer Stephanie Economou won the first ever Grammy honoring video game scores at Sunday's gala in Los Angeles.. "A lot of them cannot separate the music from a game -- and that's a really exciting opportunity for any composer coming in," the Los Angeles-based Economou told AFP prior to Sunday's show.

Former UK PM Truss criticises Sunak policies as pressure builds

Former UK prime minister Liz Truss on Sunday criticised her successor Rishi Sunak "detrimental" tax policies, as the current leader also faced pressure from another predecessor Boris Johnson over his Ukraine strategy.. The re-emergence of Truss and the more visible role taken by Boris Johnson in trying to secure more military support for Ukraine has increased pressure from various factions in Sunak's own party.

Macron gives ground to allies in unpopular pension reform bid

President Emmanuel Macron's government on Sunday offered a concession on contested French pension reforms, seeking to shore up support from prospective right-wing allies ahead of the parliamentary debate.. Borne also acknowledged demands from the Republicans and Macron's Democratic Movement allies for a 2027 review of the reform, which aims to bring the pensions system out of deficit by 2030. 

UK mega-lab generates weather to test homes of future

The thermometer sinks below zero as a blizzard of fine snow descends on two houses freshly built inside a massive laboratory in northern England.. The project's first house was built by UK property firm Barratt Developments and French materials giant Saint-Gobain.

Maduro, Iranian diplomat discuss defense against 'external pressures'

Venezuelan President Nicolas Maduro and the visiting Iranian foreign minister discussed the need for "vigilance in defending their national interests against external pressures," according to a statement released Saturday.. On Friday, the two parties "emphasized the strengthening and monitoring of projects and accelerating their implementation, as well as vigilance in defending their national interests against external pressures," a statement from the Iranian Foreign Ministry said. 

Europe in crossfire of US-China economic rivalry

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington's plan to boost green industries threatening to cause collateral damage to a key ally.. "Europe has become a bit of collateral damage in this" effort to reduce dependence on China, she said.

US climate subsidies unsettle Europe's green industry plans

An empty field near Heide in a corner of Germany known more for its cabbage farming is the chosen site for a huge battery factory and potential pillar of the country's future green economy.. The potential for thousands of jobs and creating a new local industry was "very important" for the region, as well as Germany and Europe, Heide mayor Oliver Schmidt-Gutzat told AFP. Germany's future as an "auto nation" depended on having a domestic industrial base capable of building "the most important components in terms of added value", including batteries, local IG Metall union leader Martin Bitter told AFP. "Europe has to react" to stop industries and jobs from drifting towards the United States, the union official said, calling for more state support.

France urges 'transparency' over US climate subsidies

French Economy Minister Bruno Le Maire has called for "transparency" between the United States and Europe over the controversial granting of green subsidies and tax breaks.. "The most important thing is that we cooperate with allies to have transparency about the amount of subsidies and tax credits that will be granted," said Le Maire.

Musk found not liable in Tesla tweet trial

Jurors on Friday found Elon Musk not liable for investors' losses in a fraud trial over his 2018 tweets falsely claiming that he had funding in place to take Tesla private.. - No joke - Musk testified during the trial that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it.