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ABUJA, Nigeria (AP) — Africa’s fashion industry is growing rapidly to meet local and international demand but inadequate investment limits its potential, UNESCO said Thursday in a report released during Lagos Fashion Week. The demand for African fashion brands is also spurred by the growth in e-commerce, the UNESCO report noted. It’s really beautiful to see because it hasn’t always been like this,” said Omoyemi Akerele, who founded the Lagos Fashion Week in 2011 to encourage the patronage of Nigerian and African fashion. In Nigeria and other parts of Africa, young fashion designers are hungry for success and are taking over the global scene, said the UNESCO director-general. “So Africa is really the next frontier (for the fashion industry).”___Associated Press journalist Dan Ikpoyi in Lagos, Nigeria contributed.
Persons: Audrey Azoulay, , Omoyemi Akerele, , Ejiro Amos, Tafiri, Dan Ikpoyi Organizations: UNESCO, Lagos Fashion, U.S . International Trade Administration, Associated Press Locations: ABUJA, Nigeria, Lagos, Africa, Nigerian
Google leaders fear the search engine could become irrelevant to youth, a company exec testified. Senior VP Prabhakar Raghavan said Google is beset by rivals and youth call it "Grandpa Google." The company is defending itself in a landmark antitrust case brought by the US government. And it cited evidence that consumers switch their search engine to Google the majority of the time in cases where another search engine is offered as the default choice. One option would be to prohibit Google from paying companies to make Google a default search engine.
Persons: Prabhakar Raghavan, Google, , Google's, Raghavan, Grandpa Google, Bing, Trump, Judge Amit Mehta Organizations: Google, Service, Fortune, Yahoo, The, Apple, Microsoft, Justice Department Locations: U.S, Alexandria , Virginia
People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season. Shares in LG Display rose as much as 8% after the earnings result, versus a 0.7% drop in the wider market (.KS11). "LG Display made it clear it will turn to profit. LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.
Persons: Lisi Niesner, Sung, Kim, Jeff Kim, midsized, Max, 1,347.9600, Joyce Lee, Heekyong Yang, Clarence Fernandez, Jamie Freed, Lincoln Organizations: LG, IFA, REUTERS, Wednesday, Apple, KB Securities, Analysts, Thomson Locations: Berlin, Germany, SEOUL, Korean
That's where the bipartisan $52.7 billion CHIPS Act comes in, with a goal of having the U.S. compete once again with countries like South Korea and Taiwan in semiconductors. "The CHIPS Act was a bipartisan recognition that is not an acceptable status quo." There is also funding from the CHIPS Act earmarked for worker development. However, as now more than a year has passed since President Joe Biden signed the CHIPS Act into law, many in the U.S. semiconductor industry are waiting for that money to flow into it. "This is a global industry and will remain a global industry and that's a good thing, but we want the United States to be a core part of their business models."
Persons: Michael Schmidt, Schmidt, Joe Biden, we've, CNBC's Morgan Brennan, isn't Organizations: CNBC, Treasury Department, Nvidia, Qualcomm, AMD Locations: U.S, South Korea, Taiwan, United States
Keep tabs on your fantasy team by tuning in with these free Broncos vs. Chiefs live streams. You can also watch Broncos vs. Chiefs for free online via Twitch. How to watch Broncos vs. Chiefs live streams from anywhereIf you're in the US, you can watch the Broncos vs. Chiefs game exclusively on Amazon Prime Video. Watch Broncos vs. Chiefs on Thursday Night Football. Here's a list of all upcoming Thursday Night Football games for the 2023 NFL season.
Persons: Russell Wilson, Taylor, Travis Kelce, Charissa Thompson, Tony Gonzalez, Ryan Fitzpatrick, Richard Sherman, ExpressVPN Organizations: Broncos, Chiefs, Denver Broncos, Kansas City Chiefs, Vikings, Amazon, Fox, Amazon Prime, Insiders, Prime, Apple, Watch Broncos, Thursday, Jaguars, Saints, Buccaneers, Bills, Titans, Steelers, Panthers, Bears, Bengals, Ravens, Football, Dolphins, Jets, Seahawks, Cowboys, Patriots, Chargers, Raiders, Rams, Browns Locations: San Francisco Bay, Denver
She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.
Persons: Bard, , OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard
Semiconductors are looking undervalued, thanks to the selloff in some parts of the sector, according to Morningstar. That's even more undervalued than the wider tech sector, which it believes is 5% undervalued. Morningstar noted such stocks have sold off a little in September, especially in analog and mixed signal names — two types of chips in the semiconductor industry — and even in artificial intelligence chipmakers. Outside the AI sector, the firm also likes autos, expecting more chips to be used in cars, especially electric vehicles, in the years to come. That will enable the company to achieve high single-digit long term revenue growth, Morningstar said.
Persons: Morningstar, Brian Colello, Jack Keegan, it's Organizations: Nvidia, Infineon Technologies, NXP Semiconductors, Qualcomm, Morningstar, Skyworks Locations: Taiwan
Visitors can now pinch and zoom their way around the ancient Greek site, with a digital overlay showing how it once looked. Other, less widely known features also appear: Many of the sculptures on the Acropolis were painted in striking colors. Tech giant like Meta and Apple are pushing into VR headsets that can cost thousands of dollars. “Accessibility is extending to the digital space,” Mendoni said at a preview launch event for the Chronos app in May. “Real visitors and virtual visitors anywhere around the world can share historical knowledge.”Developed by Greek telecoms provider Cosmote, the free app's designers say they hope to build on existing features that include an artificial intelligence-powered virtual guide, Clio.
Persons: Athena, , , Maria Engberg, Lina Mendoni, ” Mendoni, Panayiotis Gabrielides, Petros Giannakouris Organizations: , British Museum, Greece’s Culture Ministry, Bank of Greece, Revenue, Titans, Tech, Apple, VR, Malmo University, Culture Ministry, Microsoft, Olympic, Cosmote, Acropolis Museum Locations: ATHENS, Greece, London, Tourism, Rhodes, Sweden, Athens, China, Olympia
We'll show you how to watch a Chiefs vs. Vikings live stream. CBS is airing the Chiefs vs. Vikings game at 4:25 p.m. How to watch Chiefs vs. Vikings live streams from anywhereIf you're in the US, chances are you can watch the Chiefs vs. Vikings game in most areas of the country, as it's the premier game for the late afternoon CBS doubleheader game. You might also be able to watch live streams, with a couple of dirt-cheap options if you don't already have a live TV streaming service. Watch Chiefs vs. Vikings on CBS.
Persons: Travis Kelce, Taylor Swift, there's, Patrick Mahomes, It's, DAZN, ExpressVPN Organizations: Kelce, Kansas City Chiefs, Minnesota Vikings, Chiefs, Vikings, Super Bowl, Lions, CBS, Jets, Broncos, NFL, Apple, Paramount, Hulu, Fox, NBC, ABC, ESPN, NFL Network, Super, Insiders, NFL Plus, Paramount Plus, Watch Chiefs Locations: New York, Colorado, United Kingdom
Record online discounts are coming this holiday season
  + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +3 min
And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.
Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department
A redacted transcript unsealed late on Wednesday showed DuckDuckGo had struck a deal with Apple in 2014 to be shown as an option on Apple devices. Soon after, DuckDuckGo began pressing Apple to be made the default choice for users who wanted to work in privacy mode, which limited data collected on the user. DuckDuckGo has about 2.5% of the search market, he testified. In those meetings, Weinberg said, Apple executives would bring up the concern that its distribution agreements with Google may bar the change. The Justice Department has said that Google, which has some 90% of the search market, pays some $10 billion annually to Apple, other smartphone makers and others to be the default search.
Persons: Eric Gaillard, DuckDuckGo, Gabriel Weinberg, Weinberg, Apple, Apple's John Giannandrea, Bing, Giannandrea, Diane Bartz, Richard Chang, Marguerita Choy Organizations: REUTERS, Rights, Apple, Google, Thomson
Oct 3 (Reuters) - Meta Platforms (META.O) is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday. The proposal is an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent and hurt its major revenue source. Offering a choice between a free, ad-supported plan and a paid subscription might lead to users opting for the former, helping Meta comply with regulations without affecting its ad business. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsIn comparison, Netflix (NFLX.O) charges 7.99 euros for a basic subscription plan, while Alphabet's (GOOGL.O) YouTube Premium costs about 12 euros and Spotify's (SPOT.N) Premium service is priced at about 11 euros. Meta was fined 390 million euros earlier this year by Ireland's Data Privacy Commissioner, and told it cannot use the so-called "contract" as a legal basis to send users ads based on their online activity.
Persons: Apple's, Dado Ruvic, Meta, Supantha Mukherjee, Akash Sriram, Jyoti Narayan, Sonia Cheema, Arun Koyyur Organizations: Instagram, Meta, Union, Reuters, REUTERS, Netflix, YouTube, Ireland's, EU, Protection, European, Thomson Locations: Europe, Stockholm, Bengaluru
Google is supercharging its Assistant app with Bard's capabilities. The new "Assistant with Bard" is designed to merge the voice assistant with the chatbot. The company announced Wednesday that it was planning to bring its Bard AI chatbot into the Assistant app and experience, starting on mobile devices. The result, a new experience Google has named "Assistant with Bard," sees Google making its existing voice assistant more personalized by effectively placing Bard inside it. If users opt in, Assistant with Bard is expected to become the new experience when interacting with Assistant on Android or when using the Google app on iPhone.
Persons: Bard, Sissie Hsiao, , chatbot, Hsiao, Alexa, Apple's Siri, Satya Nadella, It's Organizations: Google, Service, Android, Apple, LLMs
REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 4 (Reuters) - Canadian technology company BlackBerry (BB.TO), said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year. BlackBerry joins a number of companies that have split their units in recent years, favoring a leaner corporate structure to help investors better evaluate their separate businesses. BlackBerry said in May it would consider strategic options for its portfolio of businesses that could include the possible separation of one or more of its businesses. Last year, it pulled the plug on its smartphones business and has since been trying to sell its legacy patents related to its mobile devices. IoT revenue was $49 million, while cybersecurity revenue came in at $79 million.
Persons: Mike Blake, Johnson, John Chen, BlackBerry, Savyata Mishra, Samrhitha, Shilpi Majumdar, Shinjini Organizations: REUTERS, BlackBerry, Kellogg, Healthcare, Johnson, General Electric, Reuters, Veritas Capital, Thomson Locations: Irvine , California, U.S, Canadian, Waterloo , Ontario, Bengaluru
The mountains of Colorado in the background inspired the name of the company, Peak Energy. We're completely the opposite," Cameron Dales, president and chief commercial officer of Peak Energy, told CNBC in a video interview Friday. 1 issue we face as it relates to expanding renewable energy sources is storage," Reichow told CNBC. "We're running a playbook which I and the rest of the executive team initially demonstrated and deployed at Northvolt," Mossburg told CNBC. "Landon and I worked together at Tesla and I know what he's capable of delivering," Reichow told CNBC.
Persons: Cameron Dales, Landon Mossburg, We're, Greg Reichow, Reichow, Ryan Gibson, Aidan Madigan, Curtis, Cameron, Mossburg, Northvolt, Peter Carlsson, Rho Kana, Enovix, Anil Achyuta, Landon, Tesla, Cam, It's, Alun Thomas, Dales Organizations: Peak Energy, Energy Battery, Energy, CNBC, Eclipse, Tesla, TDK Ventures, United States Energy Information Administration, Eclipse Venture, Cameron Dales, US, Dales, Symyx Technologies, Northvolt, Ford, Manufacturing Engineering, Panasonic Locations: Colorado, Silicon, Tokyo, San Francisco, Northvolt, Sweden, Cameron Dales, Fremont , Calif, Fremont , California, Penang, Malaysia, China, United States, U.S, Nevada, Enovix
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 4 (Reuters) - Google on Wednesday announced plans to add generative artificial intelligence (AI) capabilities to its virtual assistant, and a company executive told Reuters the AI would allow the assistant to do things like help people plan a trip or catch up on emails and then ask follow-up questions. The Alphabet (GOOGL.O) subsidiary said during its hardware event in New York that it plans to add generative AI features from its Bard chatbot into Google's version of a virtual assistant, that aims to provide personalized help with reasoning and generative capabilities on mobile devices. "(A) whole task is done through a couple of simple questions that you're asking your assistant, which is, we think, a very, very powerful concept," Sissie Hsiao vice president, Google assistant and Bard said in an interview with Reuters. Google and other tech companies have been racing to build some form of generative AI into new or existing products. It will not include revenue generating features, Hsiao said, because Google is still in the "learning phase" with generative AI.
Persons: Dado Ruvic, Bard, Sissie Hsiao, Hsiao, Max A, David Gregorio Our Organizations: REUTERS, Google, Wednesday, Reuters, Microsoft, Thomson Locations: New York, San Francisco
Dedicated ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. According to the latest Fed projections, officials forecast just one more interest rate hike this year — and rate cuts next year. When members of his board ask him whether interest rates could really go that high, his answer is always “yes,” he told Bloomberg. There are a lot of “potential bad outcomes,” Dimon said, but the worst-case economic scenario would be stagflation, with low growth and high interest rates.
Persons: “ ESG, ESG, What’s, Lipper, Lynn Forester de Rothschild, ESG “, , Rothschild, King Charles II, Bill Clinton, Archbishop of Canterbury Justin Welby, , Stephen Hall, Philip Morris, , Robert Jenkins, Jenkins, Jamie Dimon, Dimon, It’s, ” Dimon, “ you’re, Satya Nadella, Brian Fung, Nadella, ” Nadella, else’s Organizations: CNN Business, Bell, New York CNN, Fox News, Republican, Biden, Council, Inclusive Capitalism, “ Investment, Better, CNN, Jamie Dimon JPMorgan, Federal, Bloomberg, Times, Microsoft, Google Locations: New York, Times of India, United States
Meta AI logo is seen in this illustration taken September 28, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 2 (Reuters) - Meta Platforms (META.O) is considering charging $14 per month for ad-free subscriptions to Instagram or Facebook for European users, according to a proposal submitted to regulators, the Wall Street Journal reported on Monday. Under the plan, Meta has told regulators it would charge users roughly 10 euros ($10.46) a month on a desktop for a Facebook or Instagram account, and roughly 6 euros for each additional linked account, the report said. On mobile devices, the price would jump to roughly 13 euros a month because Meta would factor in commissions charged by Apple's and Google's app stores on in-app payments, WSJ reported. ($1 = 0.9557 euros)Reporting by Jyoti Narayan in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Meta, Apple's, Jyoti Narayan, Sonia Cheema Organizations: REUTERS, Wall Street, Thomson Locations: Europe, Bengaluru
Club holdings Meta Platforms (META) and Apple (AAPL) made headlines Tuesday, and the reports suggest both tech giants are nimbly adapting to complicated operating environments. Meta weighs monthly subscription fee META YTD mountain Meta (META) year-to-date performance The news: Meta is planning to role out an ad-free subscription option for social media platforms Instagram and Facebook in Europe, The Wall Street Journal reported Tuesday. Apple appeases Chinese authorities AAPL YTD mountain Apple (AAPL) year-to-date performance The news: Apple has started to adopt more stringent rules for its App Store in China following the implementation of new government regulations for mobile apps. China ultimately denied those media reports , which had contributed to Apple losing $200 billion in market cap over a two-day period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Mark Zuckerberg's, Apple, Jim Cramer's, Jim Cramer, Jim, Nasir Kachroo Organizations: Meta, Apple, Facebook, Street, CNBC, U.S, Reuters, NurPhoto, Getty Locations: Europe, China, Beijing, U.S, India
The proposal, which would cost users around $14 a month on mobile devices and as much as $17 on a desktop, is Meta's attempt to navigate strict privacy rules in the European Union. Meta has spoken with digital-competition regulators in Brussels, privacy regulators in Ireland and other EU privacy regulators about its proposal, according to the report. It is not clear whether regulators believe Meta's proposal is a sufficient workaround, according to the report, and they may ask the company to propose a cheaper offering. Since the privacy rules do not apply to the U.S., it is unlikely that Meta would introduce SNA there. But in February, Meta CEO Mark Zuckerberg announced a paid verification subscription service called Meta Verified.
Persons: Meta, Mark Zuckerberg, Zuckerberg Organizations: Wall Street, European Union, Meta, CNBC Locations: Brussels, Ireland, U.S
Meta could offer subscription versions of Instagram and Facebook in Europe. AdvertisementAdvertisementMeta has a new plan to navigate the European Union's tough new ad privacy rules – charge users $14 a month. AdvertisementAdvertisementThe new subscription tiers, which could roll out in the next few months are an attempt to comply with the EU's crackdown on personalized advertising, according to The Journal. The bloc's regulators ruled last year that Meta must give users the option to opt out of personalized ads based on their activity on their platforms. "Meta believes in the value of free services which are supported by personalized ads," said a Meta company spokesperson.
Persons: , Meta Organizations: Facebook, Wall Street, Service, Street, Apple, Meta Locations: Europe
"Project Nile is a confidential initiative wherein we're building a conversational shopping agent for Retail customers," one internal document explained. Wearing that "I love AI" t-shirt, Sirosh, VP of Amazon Search and Alexa Shopping, introduced Project Nile as a "super confidential" project. Project Nile isn't the only move Amazon has made in the popular generative AI space. For Amazon's retail side, Project Nile is one of the most important projects. Sirosh has told his team he's "staffing up very rapidly" as Project Nile is the "absolute top priority."
Persons: Joseph Sirosh, Sirosh, Stephen Lam, It's, they're, Andy Jassy, Doug Herrington, Jassy, Rohit Prasad, ChatGPT, Microsoft's Bing, Google's Bard Organizations: Amazon, Microsoft, Retail, Amazon Search, Alexa, Nile, ChatGPT, Google Locations: Anthropic, OpenAI
(AP) — The federal government has joined several former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train. Union Pacific didn't immediately respond to questions about the lawsuit Monday. The EEOC said in its lawsuit that the test doesn't replicate real world conditions or show whether workers can accurately identify railroad signals. Some of the workers who sued had failed Union Pacific's “light cannon” test but passed another vision test that has the approval of the Federal Railroad Administration. The workers involved in the lawsuit were doing their jobs successfully for Union Pacific for between two and 30 years.
Persons: , Gregory Gochanour, EEOC Organizations: Union Pacific, Pacific, EEOC’s Chicago, Federal Railroad Administration Locations: OMAHA, Neb, Norfolk Southern, Ohio, Pennsylvania, East Palestine, Pacific, Minnesota , Illinois, Arizona , Idaho , California , Kansas , Nebraska , Oregon, Washington, Texas, The Omaha , Nebraska
Nadella testified on Monday as part of the US government’s sweeping antitrust trial against Google, now into its 14th day. His testimony reflected the frustrations of a long-running rivalry between Microsoft and Google whose tensions have permeated the weeks-long trial. Central to Google’s strategy has been its agreements with companies such as Apple that have made Google the default search engine for millions of internet users. “You get up in the morning, you brush your teeth, you search on Google,” Nadella said. Google’s dominance in search is reinforced when websites and publishers optimize for Google’s search algorithm and not Bing’s, when advertisers flock to Google and when users stick to what’s familiar, Nadella argued.
Persons: Satya Nadella, Nadella, ” Nadella, Eddy Cue, else’s, Microsoft’s Bing, Bing, , , Organizations: CNN, Google, Microsoft, Apple
Drew Angerer | Getty ImagesWhen it comes to online search, it's Google's web and everyone else is playing in it, according to rival Microsoft. "Everybody talks about the open web, but there is really the Google web," Nadella said from the stand in Washington, D.C., District Court. Perhaps the most famous of those deals is the multibillion-dollar agreement between Google and Apple to make Google search the default on Apple products like the iPhone. He said the integration issues with Google's Search Ads 360 "keeps coming up in escalations" to him. Microsoft has begun integrating ChatGPT into its Bing search results through its partnership with OpenAI and is a leading player in the space, alongside Google.
Persons: Satya Nadella, Nadella, Drew Angerer, Satya Nadella's, Microsoft's Bing, Bing, Bernstein, they've, it's, Connolly's John Schmidtlein, Schmidtlein, there's, Google's, roundtables, he's Organizations: Microsoft, Google, Washington , D.C, Department of Justice, Apple, Apple Microsoft, Windows, Microsoft Windows, Washington Post, Verizon, Bing, AGs, OpenAI, YouTube, CNBC Locations: Washington ,, Washington, Silicon Valley
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