The China Mail - Economy

Warner Bros. gives Paramount one week to outbid Netflix

Warner Bros. Discovery said Tuesday it will give Paramount Skydance a week to sweeten its buyout offer for the storied media giant, as the bidding war with Netflix turned into a bitter battle to win over Warner shareholders.

Warner Bros. says reopening talks with Paramount on its buyout offer

Warner Bros. Discovery said Tuesday it has reopened talks with Paramount Skydance on its buyout offer, giving the company a week to beat a rival Netflix bid.

AI 'arms race' risks human extinction, warns top computing expert

Tech CEOs are locked in an artificial intelligence "arms race" that risks wiping out humanity, top computer science researcher Stuart Russell told AFP on Tuesday, calling for governments to pull the brakes.

Oil prices rise as Trump ramps up Iran threats

Oil prices rose Tuesday after US President Donald Trump ramped up threats towards large crude producer Iran, as the two countries met in Geneva for talks over the Islamic republic's nuclear programme.

EU investigates Shein over sale of childlike sex dolls

The EU on Tuesday opened an investigation into the online retail giant Shein over the sale of childlike sex dolls and what it called the platform's "addictive design".

Bangladesh's new PM Tarique Rahman takes power

Bangladesh Prime Minister Tarique Rahman was sworn into office on Tuesday to lead the first elected government since a deadly 2024 uprising, facing a daunting list of challenges.

US civil rights leader Jesse Jackson dies at 84: family

Veteran US civil rights activist Reverend Jesse Jackson, one of the nation's most influential Black voices, died peacefully Tuesday morning, his family said in a statement. He was 84.

'Made in Europe' or 'Made with Europe'? Buy European push splits bloc

Everyone in Europe agrees the EU needs to rescue its industry but the bloc is split over how far it should push a 'Buy European' approach in order to do so.

Oil in spotlight as Trump's Iran warning rattles sleepy markets

Oil prices were in focus Tuesday as US President Donald Trump ramped up threats towards Iran, shaking up markets subdued by holidays in Asia and the United States.

Doctors, tourism, tobacco: Cuba buckling under US pressure

Cuba's already shattered economy is being assailed on various fronts as US President Donald Trump has vowed to bring the communist island to its knees.

Copper powers profit surge at Australia's BHP

Australian resources giant BHP reported Tuesday a jump in half-year net profit boosted by demand for copper to meet the world's need for electrical power.

Stocks mixed, dollar up in subdued start to week

European stock markets traded mixed and the dollar advanced in thin holiday trading Monday following a subdued showing for Asian equities ahead of the Lunar New Year holiday and after Japan reported lacklustre economic growth.

Gold rush grips South African township

The pockmarked earth on Johannesburg's eastern fringe, until last week a humble cattle kraal ringed with barbed wire, now stands as the unlikely centre of South Africa's latest gold fever.

African diaspora's plural identities on screen in Berlin

Two films at this year's Berlin Film Festival follow members of the African diaspora telling stories by retracing the paths of their ancestors.

Killing of far-right activist stokes tensions in France

France's government accused the hard left Monday of being partly responsible for the killing of a far-right activist last week.

ByteDance vows to boost safeguards after AI model infringement claims

Chinese tech giant ByteDance said it was taking steps to "strengthen current safeguards" after Hollywood heavyweights accused its new AI video model of copyright infringement.

'Pure extortion': foreign workers face violence and exploitation in Croatia

When DD left his home in India for Croatia last year, he expected his food delivery work to be hard, with long hours and low pay. He did not expect to be spat at in the street.

Tech is thriving in New York. So are the rents

It accounts for more than 200,000 jobs and has colonized entire neighborhoods. In New York, the tech industry is driving local economic growth like never before -- but it is also widening the gulf between the haves and have-nots.

Historical queer film 'Rose' shown at Berlin with call to action

Markus Schleinzer's "Rose" premiered at the Berlin film festival Sunday, with Sandra Hueller playing a woman in 17th-century Germany trying to escape the strictures of patriarchy by passing herself off as a man.

New world for users and brands as ads hit AI chatbots

The introduction of advertisements and sponsored content in chatbots has spawned privacy concerns for AI users as brands scramble to stay relevant in a fast-changing online environment.

World copper rush promises new riches for Zambia

Five years after becoming Africa's first Covid-era debt defaulter, Zambia is seeing a dramatic turnaround in fortunes as major powers vie for access to its vast reserves of copper.

Crash course: Vietnam's crypto boom goes bust

As a first-year computer science student in Hanoi, Hoang Le started trading crypto from his university dorm room, egged on by his gamer friends who were making a killing.

US cattle farmers caught between high costs and weary consumers

In rural Virginia, dozens of young cows belonging to Chris Stem graze by a frozen pond. He is living his childhood dream of being a farmer -- but reality is starting to bite.

European debate over nuclear weapons gains pace

European leaders, worried about threats from a nuclear-armed Russia and doubts about the future of US security commitments, are increasingly debating whether to bolster nuclear arsenals on the continent.

French prosecutors announce special team for Epstein files

The Paris prosecutor's office on Saturday announced it was setting up a special team of magistrates to analyse evidence that could implicate French nationals in the crimes of the convicted US sex offender Jeffrey Epstein.

ECB to extend euro backstop to boost currency's global role

The European Central Bank said Saturday it will expand access to its euro liquidity backstop to central banks worldwide, in a move aimed at boosting the single currency's global role.

Cuba cancels cigar festival amid economic crisis

Cuba on Saturday announced the cancellation of its iconic cigar festival, amid a major energy crisis sparked by US pressure on the cash-strapped island.

Greenland prepares next generation for mining future

At the Greenland School of Minerals and Petroleum, a dozen students in hi-viz vests and helmets are out for the day learning to operate bulldozers, dump trucks, excavators and other equipment.

Havana refinery fire under control as Cuba battles fuel shortages

A fire broke out Friday at a refinery at the port in Cuba's capital but was soon brought under control, authorities said, as the island nation stuggles under what amounts to a US oil blockade.

Ghana rallies round traditional tunic after foreign mockery

Ghanaians have rushed to defend their colourful handwoven "fugu" smocks after President John Mahama's wearing of the loose-fitting traditional garment on a recent state visit to Zambia caused an online storm.

England rugby captain Itoje slams Ratcliffe's 'ridiculous' immigration comments

England rugby union captain Maro Itoje has labelled Manchester United co-owner Jim Ratcliffe's controversial comments about immigration as "ridiculous" and "wrong".

US Congress impasse over immigration set to trigger partial shutdown

A prolonged impasse between US lawmakers over immigration enforcement threatens to ensnare the Department of Homeland Security (DHS) in a partial government shutdown beginning Saturday, following two fatal shootings in Minneapolis.

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