BUSINESS

Adidas Reports 2023 Loss On Kanye Fallout

Adidas hopes to turn its fortunes around after its split from Kanye West
Adidas on Wednesday reported a loss in 2023 due to the fallout from the end of its tie-up with Kanye West, but the company insisted it was starting to turn its fortunes around.

EU Parliament Adopts 'Historic' Rules On AI

The EU has been racing to pass the new law to protect citizens from the possible risks while also nurturing innovation
The European Parliament gave final approval on Wednesday to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI's ChatGPT. Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed, while also fostering innovation on the continent.
Breaking the EU's new rules on AI can be costly -- fines for any violations range between 7.5 and 35 million euros

What's Included In The New EU Law On AI

The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.
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Map locating Sanhe city in northern China's Hebei province where a suspected deadly gas explosion caused major damage to several buildings on Wednesday.

Huge Blast Kills One, Injures 22 In Northern China

A huge suspected gas explosion at a restaurant killed one person and injured 22 more on the outskirts of Beijing during Wednesday rush hour, state media reported, causing severe damage to buildings.
TikTok is the subject of a vote in the US House of Representatives that could pressure the popular video-sharing platform into cutting ties with its Chinese owner or getting banned in the United States

US House To Vote On TikTok Ban

The US House of Representatives will vote Wednesday on a bill that would force TikTok to cut ties with its Chinese owner or get banned in the United States.
Many wronged subpostmasters ended up bankrupt and shunned by their communities. Some were jailed

Wronged UK Postmasters To Have Convictions Quashed

Hundreds of UK subpostmasters wrongly prosecuted for dishonesty due to a faulty software scandal will have their convictions automatically quashed, Prime Minister Rishi Sunak's office said on Wednesday.
Prime Minister Gabriel Attal said the conflict had reached a 'turning point'

French PM Warns Of 'Tipping Point' In Ukraine

French Prime Minister Gabriel Attal on Tuesday told parliament that Ukraine's fight against the Russian invasion had hit a "tipping point", warning of "real, tangible dangers" for France should Russia defeat Kyiv's forces.
US consumer price gains accelerated unexpectedly in February, according to government data, with energy costs rising

US Consumer Inflation Up Unexpectedly In February

Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts.
Finnish conductor and composer Esa-Pekka Salonen (L) and US disco legend Nile Rodgers

'Le Freak's Nile Rodgers Wins Swedish Music Prize

US disco legend Nile Rodgers, whose hits include "Le Freak" and "Good Times", won Sweden's 2024 Polar Music Prize with Finnish conductor and composer Esa-Pekka Salonen, the jury said on Tuesday.
Lego sales reached a new high last year

Lego Steams Ahead Despite Struggling Toy Market

Lego cemented its position as the world's biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday.
Rights groups say Falun Gong is persecuted by China

'Shen Yun' Slides Anti-Beijing Message Into Colourful Dance

An image of a dancer balancing on the words "China Before Communism" looms over Parisian commuters catching the morning metro, signalling the annual return of Shen Yun, a controversial spectacle of traditional Chinese dance mixed with vehement criticism of Beijing and conservative rhetoric.
The Oscars, hosted by Jimmy Kimmel, featured a funny skit involving an (almost) naked John Cena

Oscars Ratings Climb To Almost 20 Mn As 'Oppenheimer' Reigns

Wins for "Oppenheimer," live musical performances from "Barbie" and an (almost) naked John Cena helped lift Oscars ratings for a third consecutive year, early viewing figures showed Monday, as 19.5 million tuned in to watch Hollywood's big night.

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