Tech News

Iraq to resume Kurdish oil exports to Turkey Saturday: statement

Iraq's oil minister said Thursday that crude exports from the autonomous Kurdistan region to Turkey would resume on Saturday, hours after a deal was finalised following years of dispute.. Hours later, Iraqi Oil Minister Hayan Abdel Ghani said crude exports would resume from Saturday.

How to cover Trump? CNN on defensive as media wring hands -- again

Donald Trump's airing of falsehoods and insults in a prime-time CNN appearance triggered a deluge of criticism of the network, as media organizations once again grapple with how to cover the rule-breaking Republican seeking to win back the White House.. The New York Times described the broadcast -- Trump's first appearance since 2016 on a network he regularly denounced as "fake news" -- as "a bracing preview of political coverage to come."

Macron urges 'pause' in EU environment regulations

French President Emmanuel Macron on Thursday urged the EU to pause imposing environmental regulations, saying Europe had already done far more than other industrial powers.. He called for "a European regulatory pause" in terms of environmental constraints, arguing that the EU had done "more than all the neighbours" and that it now "needed stability". 

Ethiopia grants mobile money licence to Kenya's Safaricom

Ethiopia's central bank said on Thursday it had issued a mobile money licence to Kenyan telecoms giant Safaricom, the first granted to a foreign company in Africa's second most populous country.. "This is the first mobile money licence granted to a foreign investor in Ethiopia," the National Bank of Ethiopia said in a statement.

Czechs announce major pension, tax reform to rein in debt

The Czech government presented an extensive tax and pension reform on Thursday designed to curb soaring public debt due to the Covid pandemic and the war in Ukraine.. The government will cut spending in the government sector, curb subsidies, and raise the real estate tax and corporate income taxes from 2024.

Biden administration announces plan to curb emissions from power plants

President Joe Biden's administration on Thursday announced plans to curb planet-warming emissions from the nation's power stations, as part of the United States' efforts to combat climate change.. - Biden's ex-boss, former president Barack Obama, first tried to regulate the power sector almost a decade ago, but the high court ruled his plans were too broad and exceeded the executive branch's authority.

Finnish footbridge collapse injures 27, mostly children

Some 27 young people, mostly children, were injured in Finland on Thursday when a temporary footbridge near a construction site collapsed and they fell several metres onto a road, officials said.. Rescue workers could be seen treating multiple people lying injured on the road shortly after the accident.

iPhone maker Foxconn's profits slump 56 percent in first quarter

Profits for Taiwanese tech giant and key Apple supplier Foxconn fell 56 percent in the first quarter, it announced Thursday, a plunge blamed on weakened demand due to a global downturn. . During Thursday's earnings call, Foxconn Chairman Young Liu blamed the profit plunge on unspecified "asset write-off from non operational business".

German union calls new two-day rail strike

Transport union EVG on Thursday called a new round of strikes on Germany's rail network as workers demand higher wages to cope with inflation, an industrial action slammed as "insane" by train operator Deutsche Bahn.. - Inflation worries - EVG represents 230,000 workers across some 50 transport companies, including Deutsche Bahn.