BUSINESS

Meta chief Mark Zuckerberg on Wednesday said the tech giant is putting artificial intelligence into digital assistants and smart glasses as it seeks to gain lost ground in the AI race.

Cryptocurrency firm Binance said on Wednesday it was selling its Russia business, months after reports suggested US authorities were investigating possible sanctions violations.

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.

The value placed on startup OpenAI has rocketed to between $80 billion and $90 billion in talks with potential investors, the Wall Street Journal reported on Tuesday.

Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects.

Prices have collapsed in the vital date industry, the latest economic sector to become a casualty of war in the northeast African country.

The company behind ChatGPT on Monday said it is adding voice and image capabilities to the generative artificial intelligence (AI) platform long limited to written prompts.

The success of OpenAI's ChatGPT, a chatbot released last year that is able to generate poems, essays and other works with just a short prompt, has led to billions being invested in the field.

The announcement was made during an event held on Tuesday on the sidelines of the United Nations General Assembly session attended by President Cyril Ramaphosa and other Heads of State in New York.

The American arm of Binance had a peak trading volume of $86 million in August, but it dipped to just $115.7 million through Sept. 15, data revealed.

European Commission head Ursula von der Leyen on Thursday christened the world's first bio-methanol container ship, Laura, which joined the fleet of Danish shipping giant Maersk.

"This investment is significant, as it will achieve an annual import replacement value of an estimated R1 billion," Ebrahim Patel, who serves as Minister of Trade and Industry of South Africa, said.

Natural disasters are now happening so frequently that reinsurers -- the firms that sell insurance to insurance companies -- are scaling back their exposure to such risks.

When Apple unveils its latest iPhone on Tuesday, the European Union will have left its mark on the US giant's flagship product.

Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high.

Struggling Chinese developer Country Garden has made multi-million-dollar interest payments on two outstanding loans, reports said Tuesday, narrowly avoiding what would have been its first default.

The head of the International Energy Agency urged the United States and China to set aside their differences and align on climate change, warning in an interview Monday that "geopolitical fractures" risked holding back the clean energy transition.

Qantas' veteran chief executive Alan Joyce announced his early retirement Tuesday, as Australia's once-loved national carrier faced searing criticism over price gouging and poor service.

Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair on Monday, throwing down the gauntlet to their European rivals as competition in the sector intensifies.

Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm negotiates with creditors to avoid defaulting on a bond repayment.

The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter into an "everything app."

Welcoming back potentially misleading political messages at X came less than a week after former president Donald Trump posted there for the first time since January 2021.

Google on Tuesday said it was weaving artificial intelligence (AI) deeper into its cloud offerings as it vies for the business of firms keen to capitalize on the technology.

Meta on Tuesday said it purged thousands of Facebook accounts that were part of a widespread online Chinese spam operation trying to covertly boost China and criticize the West.

As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how Switzerland's largest bank is faring after swallowing up its fallen rival Credit Suisse.

Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack.

BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.

The world's major tech titans must crack down on illegal content and keep European users safe online from Friday, when far-reaching EU rules force digital firms to fall into line.

Dutch brewer Heineken on Friday announced it was pulling out of Russia after selling its operations to the Arnest Group, the largest Russian manufacturer of cosmetics, household goods and metal packaging.