Category: AP

May 3

Send us Patriots: Ukraine’s battered energy plants seek air defenses against Russian attacks

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jill Lawless Published May 02, 2024  •  3 minute read Article content KYIV, Ukraine (AP) — At a Ukrainian power plant repeatedly hit by Russian aerial attacks, equipment department chief Oleh has a one-word answer when asked what Ukraine’s battered energy industry needs […]
Apr 30

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Article content SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came […]
Apr 29

Deforestation in Indonesia spiked last year, but resources analyst sees better overall trend

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Victoria Milko Published Apr 28, 2024  •  4 minute read Article content JAKARTA, Indonesia (AP) — From trees felled in protected national parks to massive swaths of jungle razed for palm oil and paper plantations, Indonesia had a 27% uptick in primary forest […]
Apr 26

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Article content WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of […]
Apr 25

Instagram fraudster ‘Jay Mazini’ has been sentenced for his crypto scheme that preyed on Muslims

Article content NEW YORK (AP) — The former Instagram influencer known as ” Jay Mazini ” who swindled millions of dollars from online followers and a network of Muslims during the pandemic was sentenced to seven years in prison on Wednesday, prosecutors said. Jebara Igbara, 28, of New Jersey, had pleaded guilty to fraud charges, […]
Apr 25

Connecticut Senate passes wide-ranging bill to regulate AI. But its fate remains uncertain

Article content HARTFORD (AP) — The Connecticut Senate pressed ahead Wednesday with one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harm, including manufactured videos or deepfakes. The vote was held despite concerns the bill might stifle innovation, become a burden for […]