The Norwegian wealth fund posts a record loss of $164 billion

The Norwegian wealth fund posts a record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

China’s Baidu launches ChatGPT-like bot in March – source

China’s Baidu launches ChatGPT-like bot in March – source

BEIJING, Jan. 30 (Reuters) – Chinese internet search engine Baidu Inc (9888.HK) plans to launch an artificial intelligence (AI) chatbot service in March, similar to OpenAI’s ChatGPT, a person familiar with the matter said to Reuters. The tech company plans to launch the service as a standalone application and gradually merge it with its search … Read more

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

SHANGHAI, Jan. 29 (Reuters) – China’s smartphone sales fell 13% year on year in 2022, the industry’s biggest decline in a decade, as consumers spend cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, up from 329 million in 2022. That meant total sales volume in 2022 … Read more

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Jan 29 (Reuters) – Russian President Vladimir Putin is open to contacts with German Chancellor Olaf Scholz, but has not scheduled a phone call with him, a Kremlin spokesman told state news agency RIA Novosti on Sunday. Germany, formerly the West’s main weapon in supplying Ukraine with modern main battle tanks to help it repel … Read more

Iran thwarts drone attack on military site

Iran thwarts drone attack on military site

DUBAI, Jan. 29 (Reuters) – A loud explosion at a military factory in Iran’s central city of Isfahan was caused by a “failed” drone strike, Iranian state media reported on Sunday, citing the defense ministry. “One of (the drones) was hit by the…air defenses and the other two were caught in defensive traps and exploded. … Read more

Film academy reviews Oscar campaigns after surprise nomination

Film academy reviews Oscar campaigns after surprise nomination

LOS ANGELES, Jan. 27 (Reuters) – Hollywood’s film academy said on Friday they were reviewing this year’s campaigns for Oscar nominations, a day after a media report raised questions about the surprise kink for British actress Andrea Riseborough. On Tuesday, Riseborough was nominated for best actress for playing an alcoholic single mother in the little-seen … Read more

Archaeologists hail possibly ‘oldest’ mummy ever found in Egypt

Archaeologists hail possibly ‘oldest’ mummy ever found in Egypt

CAIRO, Jan. 26 (Reuters) – Egyptologists have discovered a pharaonic tomb near the capital Cairo containing what may be the oldest and “most complete” mummy yet discovered in the country, the excavation team’s leader said on Thursday. The 4,300-year-old mummy was found at the bottom of a 15-meter shaft in a recently uncovered group of … Read more