Author: admin@primenews

Country Garden, which is one of China’s biggest property developers, has warned that it could see a loss of up to $7.6bn (£6bn) for the first six months of the year. The announcement is the latest sign of the major issues faced by the world’s second largest economy. This week official figures showed China had slipped into deflation for the first time in more than two years. Exports have also fallen sharply, while youth unemployment is at a record high. Shares in Country Garden Holdings were down by more than 5% in Hong Kong trade on Friday afternoon. Country Garden…

The public’s anxiety over new AI technology is misguided, according to theoretical physicist Michio Kaku. In an interview with CNN’s Fareed Zakaria on Sunday, the futurologist said chatbots like OpenAI’s ChatGPT will benefit society and increase productivity. But fear has driven people to largely focus on the negative implications of the programs, which he terms “glorified tape recorders.” “It takes snippets of what’s on the web created by a human, splices them together and passes it off as if it created these things,” he said. “And people are saying, ‘Oh my God, it’s a human, it’s humanlike.’” However, he said, chatbots…

CBS News President and co-head Neeraj Khemlani, who has led the Tiffany Network’s news division and local TV stations for a little more than two years, abruptly announced Sunday that he would step down from his role. “I have some news to share today, and I don’t want to bury the lede,” read a memo from Khemlani to staffers. “After an exhilarating run, and before the next season starts, I’ve decided to step back from my current role and start a new exciting chapter.” Khemlani said he had signed a “multi-year, multi-platform first look deal with CBS to develop content”…

Victoria’s Secret is reuniting some of the most classic supermodels from its heyday, bringing Gisele Bündchen, Naomi Campbell, Adriana Lima and Candice Swanepoel together in a new campaign. The lingerie brand, hoping to return to form after a number of turbulent years and a re-branding attempt, has recruited some of its famous faces — formerly known as Victoria’s Secret Angels — to help launch a new bra and underwear collection called The Icon. Bündchen, Lima and Swanepoel were part of the long-running “Angels” brand, which the company retired in 2021 as part of its rebrand. (All three worked as “Angels” for years in…

“Barbie” has broken numerous records since its July 21 opening and the summer blockbuster is close to breaking another one. Trailing behind “The Super Mario Bros. Movie” by an estimated $48 million, writer-director Greta Gerwig’s “Barbie” appears destined to gain the top spot for highest grossing domestic film of 2023. “Barbie” raked in a stunning $155 million domestically in its opening weekend and last week joined the $1 billion club in global box office sales – a feat only achieved by about 50 films in history, adjusted for inflation, Paul Dergarabedian, senior media analyst at Comscore, told CNN. While “Pink Fever” has slowed in…

Connie Britton is taking a moment to share love for Maui as the Hawaiian island continues to face catastrophe amid unprecedented wildfires. The actress shared a series of beautiful photos from her time in Maui shooting the first season of “The White Lotus” to her verified Instagram on Thursday, writing in the caption, “Maui. My heart is broken. Your loss is all of our loss.” “Your generous island and shores held us so lovingly when we shot @thewhitelotus during covid in 2020,” Britton continued. “And now we send massive love and strength for recovery during this unbearable time. You will always be…

Kylian Mbappé has been reinstated into the Paris Saint-Germain first-team after being frozen out of the squad during its preseason tour of Japan, amid his ongoing transfer saga. The Frenchman watched from the stands as his team drew 0-0 against Lorient in its first league game of the season Saturday. The 24-year-old has been training separately from the first team while his standoff with the club rumbles on. “Following very constructive, positive talks between PSG and Kylian Mbappé before the game vs Lorient, the player has been reinstated into the first team training squad this morning,” PSG said in a statement on Sunday. Despite publicly…

American star Lilia Vu sealed an impressive victory at the Women’s Open on Sunday, as she remained unyielding under the pressure of the final round while her rivals dropped shots along the way. The 25-year-old began the day on nine-under par, sharing the lead with England’s Charley Hull, and carded six birdies along with a bogey to finish the day 14-under par, and win her second major of the year at the Walton Health Golf Club in Tadworth, England. “It sounds almost unreal,” Vu said afterwards. “I had a pretty tough run the past couple of months. I didn’t feel like myself these past…

Gwên Gwen Festival has been cancelled hours before it was due to start, with organisers saying weather problems had delayed the site build. The event in Kidwelly, Carmarthenshire, was to run from Friday to Sunday. Organisers said they were devastated after spending nine months preparing the show. Earlier on Friday, headliner Example pulled out of his Sunday slot alleging contract breaches and full fees not being paid. Example’s Instagram story post raised also concerns about the lack of communication with organisers. He added: “The promoter of this event has breached a number of points in the contract. “We have had…

After BBC reporter Ellie House came out as gay, she realised that Netflix already seemed to know. How did that happen? I realised that I was bisexual in my second year of university, but Big Tech seemed to have worked it out several months before me. I’d had one long-term boyfriend before then, and always considered myself straight. To be honest, dating wasn’t at the top of my agenda. However, at that time I was watching a lot of Netflix and I was getting more and more recommendations for series with lesbian storylines, or bi characters. These were TV series…