Tech News

'Super Mario' is year's first film to pass $1 bn globally

"The Super Mario Bros.. That makes "Super Mario" -- a joint project of Universal, Nintendo and Illumination studios -- the year's first film to pass the billion-dollar mark and only the 10th animation ever to do so, according to the Hollywood Reporter.

Investments, inheritance leave Charles III sitting on a fortune

Through inheritance, royal estates and shrewd investing while a prince, Charles III will be crowned on May 6 with a considerable fortune to his name.. The former prince of Wales built up his coffers by an ambitious investment programme following his £17 million divorce from wife Princess Diana in 1996, according to a royal aide quoted by the newspaper.

Tax rises fuel merchants' discontent in impoverished Gaza

Hikes in import and export tariffs imposed by the Islamist rulers of the Gaza Strip since last year have fuelled discontent among merchants in the impoverished, blockaded territory.. In March, Gaza's Hamas rulers imposed new duties on the import of fruit and the export of fish. 

Qatar spends big to beat post-World Cup blues

Months after hundreds of thousands of football fans packed into its hotels and stadiums, Qatar is seeking to remedy a bout of the post-World Cup blues by hosting more international events.. - 'Push for transformation' - Akbar al-Baker, head of Qatar's tourism agency and Qatar Airways, said hotel occupancy in the months after a World Cup is "always low".

ECB set to hike again but analysts divided on how much

The European Central Bank is expected to deliver another interest rate increase Thursday, but analysts are divided on how big the hike will be against a backdrop of stubborn inflation and market turmoil.. Ahead of their last meeting in March, European policymakers faced calls to abandon a previously announced rate hike due to turmoil on markets. 

China factory activity cools in April as recovery challenges loom

China's manufacturing activity contracted in April, official figures showed Sunday, due to slack global demand and a slow domestic recovery after lifting Covid-related curbs.. The official manufacturing purchasing managers' index (PMI) -- a key gauge of Chinese factory output -- fell to 49.2 in April from 51.9 in March, and below the 50-point mark that separates expansion and contraction in activity, data from the National Bureau of Statistics (NBS) showed.

US Fed expected to hike again despite signs of slowing economy

The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high inflation. . A further rate hike Wednesday would mark the Fed's tenth rate hike in a row, bringing the benchmark to between 5 and 5.25 percent -- its highest level since 2007. 

Apple and Amazon 'committed' to big screen, says theaters boss

Movie theater owners are confident that previously streaming-focused tech giants Apple and Amazon are now "committed" to putting their films on the big screen -- even if Netflix still declines to -- their trade body's new president told AFP. This week's CinemaCon event in Las Vegas, where owners of multiplex chains and arthouse screens gather annually, took place in an optimistic mood, after three nervous years blighted by the pandemic and the rapid rise of streaming.. The two tech giants reportedly each plan to spend $1 billion per year on movies headed first for the big screen.

Paris museum gives troubled NFT art scene a big showcase

NFTs, the tokens of the crypto world linked to digital artworks, have been granted a show at the Pompidou Centre in Paris, despite an almost total collapse in their price and cultural cachet.. Blockbuster multimillion-dollar sales helped fuel publicity in 2021, and prices soared amid a lack of regulation and general confusion over what the digital tokens were. 

First Republic bank in limbo as shares fall further

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits.. After dropping more than 50 percent earlier on Friday, shares of First Republic finished the day at $3.51, down 43 percent following numerous trading halts due to volatility.