Naspers feels heat as Tencent faces AI reality check

Naspers feels heat as Tencent faces AI reality check

Investors are becoming wary of AI companies’ spending on AI. (Graphic: Nicola Mawson | GenAI and Freepik) The concerns US investors have over the sustainability of hyperscalers’ artificial intelligence (AI) spending has crossed the Pacific, to not only weigh on Naspers subsidiary Tencent, but also on the JSE-listed company. These worries are reflected in the…

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Africa: ‘Life Feels More Stable’ – in Zimbabwe, Red Cross Helps Farming Communities Cope With Prolonged Drought

Africa: ‘Life Feels More Stable’ – in Zimbabwe, Red Cross Helps Farming Communities Cope With Prolonged Drought

Rising temperatures and increasingly erratic rainfall have reshaped Zimbabwe’s climate, with droughts now striking every two to three years instead of once a decade. The result: 2.7 million rural Zimbabweans face recurrent food insecurity. As the global climate crisis accelerates, hitting the South earliest and hardest, humanitarian responses are evolving from short-term relief to long-term…

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Milei vetoes pension, disability spending increases as Argentina feels cuts | Business and Economy News

Milei vetoes pension, disability spending increases as Argentina feels cuts | Business and Economy News

Despite his austerity measures, the president’s party is expected to do well in the crucial October mid-term elections. Argentina’s libertarian president, Javier Milei, has vetoed bills aimed at increasing pensions and disability spending, amid ongoing protests against his austerity fiscal policies, which are hitting many people in their day-to-day lives. Milei’s administration announced the decision…

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