AFP
13876 articles published since 08 Mar 2022
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Public transport walkout hits strike-battered Germany
Public transport workers across Germany walked off the job on Friday in the latest industrial action to buffet Europe's top economy. The strike came one day after security staff at 11 German airports walked off the job, leading to the cancellation of 1,100 flights amid a spate of industrial action and protests to hit commuters in the last weeks.
China economic slowdown to persist through 2028: IMF
China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.
Asian markets rally after tech-fuelled Wall St surge
Asian markets rallied Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, while strong earnings from tech titans soothed worries about the impact of higher interest rates on bottom lines.
US Apple fans get hands on $3,500 Vision Pro
US Apple stores on Friday will start selling the Vision Pro, the tech giant's $3,499 headset and its first major release since the Apple Watch nine years ago. The Vision Pro can be tested out by appointment in US Apple stores.
Apple promises AI innovation as China iPhone sales slip
Apple chief Tim Cook on Thursday promised the tech titan has artificial intelligence news in store as shares suffered despite sales growth in the final three months of last year. - Cook promised that Apple would share details of its artificial intelligence (AI) work later this year.
Meta, Amazon beat expectations with stellar results
Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Amazon also impressed investors with sales up to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season.
US govt sends drugmakers initial offers in price talks
The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to lower the prices many older Americans would pay for 10 medicines. Last October, major drugmakers behind 10 selected medicines for serious illnesses grudgingly agreed to negotiate on cutting prices.
Amazon results beat expectations after record holiday sales
Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.
IMF says central banks should not rush into rate cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.
AFP
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