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13876 articles published since 08 Mar 2022
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Moderna CEO says melanoma vaccine could be available by 2025
Moderna CEO Stephane Bancel told AFP his company's experimental vaccine against melanoma could be available in as little as two years, in what would amount to a landmark step against the most serious form of skin cancer.
BoE pauses, ECB tipped to follow as rate cut pressure mounts
The Bank of England held rates steady again Thursday with the European Central Bank expected to follow suit as inflation retreats, shifting investor attention to how fast policymakers will slash borrowing costs in 2024.
Meta rolls out Twitter rival Threads in the EU
Facebook owner Meta's text-based app Threads arrived in the European Union on Thursday, months after its global launch in July, Meta CEO Mark Zuckerberg said. Zuckerberg said a day earlier that Threads had begun tests where users' posts will also be available on similar text-based and open-source rival social networks like Mastodon.
EU court rejects Brussels appeal over Amazon tax ruling
A top EU court rejected Thursday Brussels' appeal against a ruling blocking its bid to force Luxembourg to recover 25 million euros ($272-million) in back taxes from Amazon. "The Court of Justice confirms that the Commission has not established that the tax ruling given to Amazon by Luxembourg was a State aid that was incompatible with the internal market," the court said in a statement.
OPEC+ cartel's grip on oil market loosening: IEA
Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday. "The continued rise in output and slowing demand growth will complicate efforts by key producers to defend their market share and maintain elevated oil prices," the International Energy Agency said in its monthly report on the oil market.
Policies to support energy transition losers may fall short
US efforts to transition to cleaner energy carry risks of mass layoffs in mature industries, say experts, who warn that policies to cushion the blow may not live up to hype. Of particular concern is a potential mass-layoff event such as the shuttering of an ICE assembly plant or an oil refinery.
Asian stocks track record day on Wall St, dollar extends losses
Asian markets rallied Thursday and the dollar extended losses after the Federal Reserve indicated it will begin cutting interest rates next year. Oil prices extended a rally that came after data showed US stockpiles fell from the previous week.
'Weak tea': Climate scientists push back against COP28 cheer
A UN climate deal that approved a call to transition away from fossil fuels has been hailed as a major milestone and a cause for at least cautious optimism. "The agreement to 'transition away from fossil fuels' was weak tea at best," he told AFP. "It's like promising your doctor that you will 'transition away from donuts' after being diagnosed with diabetes.
Brazil cuts interest rate another half-point
Brazil's central bank cut its key interest rate by half a point for the fourth straight time Wednesday, continuing the easing President Luiz Inacio Lula da Silva hopes will spur Latin America's biggest economy.
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