Tech News

Instagram trials AI tool to verify age of users

Photo sharing platform Instagram said on Thursday it was starting to trial a tool that relies on artificial intelligence (AI) to confirm the age of users in the United States.. The video selfies will be sent to British firm Yoti, which has developed an AI tool that it says can work out the age of under-20s to within 1.5 years.

As Russia cuts gas, coal makes a comeback in Europe

Russia's gas cuts to Europe have prompted a clutch of countries to revert to burning coal, raising concerns as the EU seeks to become climate neutral by 2050.. - A temporary reprieve - Russia's halt in natural gas deliveries threatens to rapidly create shortages, so several countries have announced temporary measures in favour of coal.

Pfizer sets sights on elimination of blinding disease trachoma by 2030

Pfizer on Thursday said it would extend until 2030 a drug donation programme aimed at eliminating trachoma, an eye disease responsible for blinding or visually impairing nearly two million people worldwide.. The ITI had initially hoped to eliminate the disease by 2020, but is now setting its sights on 2030.

Inflation 'shock' punishes Eurozone economy in June: survey

Economic growth in the eurozone plummeted in June, a key survey showed on Thursday, as high prices took the wind out the strong recovery from the deep lows of the coronavirus pandemic.. The slowdown, caused by a "cost-of-living shock", is "the most abrupt recorded by the survey since the height of the global financial crisis in November 2008", excluding the pandemic lockdown, said Chris Williamson, Chief Business Economist at S&P Global.

Monkeypox vaccine maker Bavarian Nordic ready to meet demand

As the lone laboratory manufacturing a licensed vaccine against monkeypox, Danish company Bavarian Nordic has seen its order book fill up as the usually rare disease spreads around the world. . Most people recover from monkeypox within several weeks and the disease has only been fatal in rare cases.

China's Xi calls for stronger fintech oversight, security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown.. "Regarding large payment and fintech platform enterprises, Xi called for efforts to improve regulations, strengthen institutional weak links, ensure the security of payment and financial infrastructure, and guard against and defuse potential systemic financial risks," according to a readout of the Wednesday meeting by the official Xinhua news agency.

Workers in Chile strike at world's largest copper producer

Workers at Chile's state mining company Codelco, the largest producer of copper in the world, launched an open- ended strike Wednesday to protest the closure of a foundry in one of the country's most polluted regions.. The Copper Workers Federation said the strike will cost Codelco -- which produces around eight percent of the world's copper amounting to 10-15 percent of Chile's GDP -- $20 million a day.

Workers strike at world's largest copper producer, Chile's Codelco

Workers at Chile's state mining company Codelco, the largest producer of copper in the world, went on an "indefinite" strike on Wednesday, unions said, protesting the closure of a foundry in one of the country's most polluted regions.. FTC president Amador Pantoja told a local television station the strike will cost Codelco -- which produces around eight percent of the world's copper amounting to 10-15 percent of Chile's GDP -- $20 million a day.

Passenger jet catches fire while landing at Miami airport

Officials arrived in Miami Wednesday to investigate a passenger jet that caught fire as it touched down at the US city's international airport, forcing more than 100 people to flee the burning and mangled aircraft.. Three people were hospitalized after the crash of Red Air Flight 203 late Tuesday, according to Miami-Dade fire officials, but no deaths or serious injuries have been reported among those on board.

Oil prices tumble on recession fears as equities decline

Oil prices fell Wednesday on worries over weakening demand in the slowing global economy as Federal Reserve Chief Jerome Powell acknowledged interest rate hikes could lead to a recession.. US stocks had a choppy session, pushing into positive territory for a time after Powell reiterated the need to counter soaring inflation, but cautioned that a recession was "certainly a possibility" amid the ongoing interest rate hikes.