Tech News

Influencers overtaking journalists as news source: report

TikTok influencers and celebrities are increasingly taking over from journalists as the main source of news for young people, according to a report published Wednesday by the Britain-based Reuters Institute. . The figures were based on interviews with some 94,000 people across 46 countries, conducted for the Reuters Institute for the Study of Journalism, part of Britain's University of Oxford. 

US backs concerns as lawmakers seek to punish S.Africa over Russia

The White House said Tuesday it shared concerns over South Africa's relationship with Russia after lawmakers called for the longtime US partner's expulsion from a major trade pact.. "We share Congress's concern about South Africa's potential security partnership with Russia," Judd Devermont, the top White House official on sub-Saharan Africa, told reporters when asked about the lawmakers' letter.

With Berlusconi gone, business empire faces succession question

With Silvio Berlusconi gone, the spotlight turns to a potential succession drama as his heirs inherit the controlling stake of the late Italian mogul's vast business empire.. - Planned transition - Despite the speculation about a potential feud, analysts say Berlusconi had planned his succession well.

IMF, World Bank are key counterweights to China: Yellen

US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China.". Asked about Yellen's comments that international financial institutions reflect American values, a Chinese foreign ministry spokesman said: "The IMF is not the IMF of the United States, nor is the World Bank for that matter."

UK news group apologises to staff for sexual harassment: report

UK publisher Guardian News & Media has apologised to women who said a veteran ex-columnist at The Observer newspaper had sexually assaulted or harassed them, US media reported.. The Guardian itself has been at the forefront of media revelations over such claims at Britain's main UK business lobby group the CBI. Meanwhile, high-profile hedge fund boss Crispin Odey on Saturday quit the firm he founded after the Financial Times reported sexual assault claims by eight women. ved/rfj/phz/gw

Fed starts interest rate meeting as inflation continues to cool

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.. The Fed has raised its benchmark lending rate by five percentage points to between 5.00 and 5.25 percent since March last year. 

US consumer inflation eases for 11th straight month

Consumer inflation in the United States cooled for an 11th straight month on an annual basis in May, the Labor Department said Tuesday, in an encouraging sign for policymakers.. On a monthly basis, CPI rose 0.1 percent in May, decelerating from 0.4 percent in April, the Labor Department said.

France to 're-shore' production of 50 key medicines: Macron

France will bring home production of around 50 crucial medications for which it currently depends on imports, President Emmanuel Macron said Tuesday, hoping to battle shortages of items like antibiotics and paracetamol.. Of the initial slate of drugs with a "clear dependence on imports from outside the EU", 25 "will have their production re-shored or significantly increased... in the coming weeks," Macron said during a visit to a pharmaceuticals factory in southern France.

'Final Beatles record' out this year aided by AI: McCartney

A "final Beatles record", created with the help of artificial intelligence, will be released later this year, Paul McCartney told the BBC in an interview broadcast Tuesday.. McCartney did not name the song that has been recorded but according to the BBC it is likely to be a 1978 Lennon composition called "Now And Then".