Tokyo, Japan | AFP | Toshiba shares plunged again Wednesday as it warned of a $6.2 billion writedown in its US nuclear power business and announced a probe into possible wrongdoing by the unit’s senior executives. One of Japan’s best-known firms, Toshiba shocked investors Tuesday when it failed to report …
Read More »Algorithms: the managers of our digital lives
Paris, France | AFP | Algorithms are a crucial cog in the mechanics of our digital world, but also a nosy minder of our personal lives and a subtle, even insidious influence on our behaviour. They have also come to symbolise the risks of a computerised world conditioned by commercial …
Read More »Dow passes 20,000 points for the first time
New York, United States | AFP | The Dow Jones Industrial Average, the most famous equity index benchmark on Wall Street shot above 20,000 for the first time at the open Wednesday. The blue-chip stocks index quickly blew through the much-anticipated milestone in the opening seconds of trading, culminating a …
Read More »Facebook authorizes $6 bn share buyback
San Francisco, United States | AFP | Facebook’s board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of …
Read More »OPEC production deal sends world stocks higher
New York, United States | AFP | US and European markets moved higher on Wednesday as oil producing countries reached a surprise deal to cut oil production, causing crude prices to jump more than five percent. Following the agreement reached in Algiers by members of the Organization of the Petroleum …
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