AFP
13876 articles published since 08 Mar 2022
Author's articles
US to target banks that help Russia war in Ukraine
The United States said Friday it will sanction foreign banks that support Russia's war in Ukraine, in a new bid to exert economic pressure on Moscow as it diversifies from the West to China.
UK economy shrinks before election year
Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year. "The latest (GDP) data... show the economy performed slightly less well in the last two quarters than our initial estimates," Morgan added.
China unveils new gaming curbs, sending tech stocks tumbling
China announced Friday another set of planned curbs on the amount of time and money that people can spend gaming online, triggering a share market sell-off in some of the nation's biggest tech giants worth billions of dollars.
Asian markets bounce with Wall St as US data fans rate-cut bets
Asian markets pressed ahead with their rally Friday as another round of US data further stoked expectations that the Federal Reserve will cut interest rates more than it has indicated next year.
Japan's hand-forged knives a slice of samurai metallurgy
Blacksmith Yoshihiro Yauji pulls a piece of glowing metal from the forge in a Japanese village, continuing a tradition dating back centuries to when the region was renowned for crafting swords carried by samurai. "Since ancient times, the Japanese sword is said to have been the soul of a samurai, and the knife the soul of a chef." ssy/stu/sco/cwl
Etsy targeted by child trafficking conspiracy theories
Conspiracy theorists who believe in a secret cabal of child sex traffickers have set their sights on yet another online retailer: Etsy, a website best known for selling handmade items. A similar false theory emerged in 2020, accusing online retailer Wayfair of conducting a sex trafficking operation under the guise of furniture sales.
Nike shares tumble as it cut costs amid 'softer' outlook
Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period. The sports giant's cost-cutting plan will simplify product offerings, increase automation and institute a "streamling" of the company organization, Nike said in a news release.
White House urges 'serious scrutiny' of US Steel takeover deal
A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. "This is a strongly positive development for American steel, American jobs and America's national security," US Steel added.
Pornhub owner to pay $1.8 mn to US but will not face charges
The Montreal-based company that owns Pornhub will not face charges over links to a sex trafficking operation but has agreed to pay $1.8 million to the US government and make payments to victims, officials said Thursday.
AFP
Load more