AFP
13876 articles published since 08 Mar 2022
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Europe's bike industry hits bumps as cycling craze cools
At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded. - Discounts, bankruptcies - Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.
Fears over economy grow as German rail begins longest strike
German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).
Did central banks break inflation? Some economists have doubts
Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?
Passengers snub 'expensive' London-Paris Eurostar train for plane
Many travellers are opting to take a plane rather than train between London and Paris despite climate concerns and the Eurostar rail service connecting the two capitals in just over two hours. Despite evidence of passengers choosing to fly for cost reasons, Eurostar said some seven million people still used its service between London and Paris last year.
Asian markets mostly up, Hong Kong boosted by Alibaba rally
Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities. Other Hong Kong-listed tech firms rallied, including Tencent, JD.com and Netease.
Argentines down tools in first major challenge to budget-slashing Milei
Argentine President Javier Milei faces the first major challenge to his budget-slashing policies Wednesday as workers are expected to down tools in their thousands and take to the streets in protest. Milei took office in December after a campaign vowing to slash public spending.
AI audience row at Sundance sparks walkout, highlights division
An audience member was ejected from a Sundance festival event Tuesday in a spat over artificial intelligence, triggering a walkout that illustrates the divisions the technology has rapidly wrought in the film industry.
US pastor who pocketed investors' $1.3m says God told him to do it
A US pastor who sold a worthless cryptocurrency to his flock and pocketed $1.3 million, using some of it to remodel his house, has insisted he was only doing what God told him. "Out of that 1.3, half a million dollars went to the IRS and a few $100,000 went to a home remodel that the Lord told us to do."
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The company's chief executive Ben Minicucci told NBC News Tuesday that an in-house inspection of its Boeing 737 Max 9 fleet carried out after the incident had found that "many" of these aircraft had loose bolts.
AFP
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