Tech News

Erdogan tells government to start work on Russian gas hub

Turkish President Recep Tayyip Erdogan backs the Kremlin's idea of creating an international gas hub in Turkey and wants his government to quickly present implementation plans, Turkish media reported Friday.. "We are quickly establishing a security net" for the new gas distribution centre project, Erdogan said.

Court challenge in Kenya over GM crops

A Kenyan lawyer said Friday he has filed a court challenge to a decision by the new government to lift a decade-old ban on genetically modified crops.. The government has defended its decision, saying it would enable Kenya to have disease-resistant crops and improve yields.

Danone plans to withdraw from most of its business in Russia

French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in Russia, retaining only its infant nutrition branch.. Danone will however retain the activities of its "specialised nutrition" arm, which includes infant milk.

BBC marks 100 years facing questions about its future

On November 14, 1922, the clipped tones of the BBC's director of programmes, Arthur Burrows, crackled across the airwaves.. "It underpins everything that we want to do," said James Stirling, who is head of the BBC's centenary celebrations.

China consumer inflation rises to two-year high

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices and as extreme weather hit farmers.. But data showed Friday that the country's consumer price index (CPI), the main gauge for retail inflation, hit 2.8 percent last month, up from 2.5 percent in August.

Asian markets surge after sharp Wall St swing, pound holds gains

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.. The figures sparked a sharp plunge on Wall Street but the selling quickly reversed, and all three main indexes finished the day with gains of more than two percent with analysts suggesting several reasons for the extreme move.

Singapore's economy grows 4.4% in Q3

Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while warning of ongoing global challenges such as inflation.. On a quarter-to-quarter basis, Singapore's economy expanded by 1.5 percent, avoiding a technical recession by reversing the 0.2 percent contraction in Q2.

Meta working to speed up metaverse, but success far from certain

A year after rebranding itself from Facebook into Meta, the social network titan is striving to make the metaverse a routine part of daily life, offering users new features and promoting new virtual reality gear.. Critics have said rebranding Facebook as Meta was a move to distance the tech firm from scandals including a whistleblower who said it valued profit over user safety. gc/sst

Turkey introduces jail terms for 'fake news'

Turkey's parliament on Thursday approved a tough pre-election law that could see reporters and social media users jailed for up to three years for spreading "fake news".. It also allows the courts to sentence accredited reporters and regular social media users who "openly spread misleading information" to between one and three years in jail.

Netflix to debut subscription with ads

Netflix on Thursday said a subscription option subsidized by ads will debut in November across a dozen countries as the streaming service strives to jumpstart stalled growth.. Netflix rival Disney+ is expected to launch its own ad-subsidized subscription soon.