AFP
13876 articles published since 08 Mar 2022
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Spanish giant Ferrovial sells remaining stake in Heathrow
Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.
Dollar weakens further as rate cut bets build, but equities mixed
The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation. The more dovish comments, combined with falling yields and rate expectations has dragged on the dollar, and it extended losses Wednesday.
Big Tech in charge as ChatGPT turns one
A year after the history-making release of ChatGPT, the AI revolution is here, but the recent boardroom crisis at OpenAI, the super app's company, has erased any doubt that Big Tech is in charge.
Charlie Munger, Warren Buffett's longtime business partner, dies at 99
Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed. Berkshire Hathaway, where Munger served for decades as vice chairman under Buffett, announced it was "advised by members of Charlie Munger's family that he peacefully died this morning at a California hospital."
US Fed officials encouraged by 'progress' on inflation
The US Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday, while voicing differing opinions on the chances of another interest rate hike.
Top Panama court says contested mining contract 'unconstitutional'
Panama's Supreme Court on Tuesday declared that a contract allowing a Canadian company to continue operating Central America's biggest copper mine was "unconstitutional." "We have unanimously decided to declare the entire law 406 unconstitutional," said Supreme Court president Maria Eugenia Lopez, referring to the law governing the contract with the Canadian mining firm.
Busan, Riyadh or Rome? 2030 World Expo host to be revealed
The host of the 2030 World Expo will be chosen on Tuesday, with Rome in Italy, the Saudi capital Riyadh and South Korea's Busan contending to welcome the showpiece event held every five years. This year's event has been the subject of particularly intense lobbying from Italy, Saudi Arabia and South Korea, whose governments are all keen to have the honour of the 2030 World Expo.
Virgin pilots first transatlantic flight with low-carbon fuel
British airline Virgin Atlantic on Tuesday piloted the first long-haul flight powered entirely by Sustainable Aviation Fuel (SAF), an event environmental groups labelled "greenwashing". Virgin said it was the first time SAF had been used "in both engines, by a commercial airline, for long-haul flight".
Norway court hears lawsuit over state's oil plans
A court began hearing Tuesday a lawsuit against Norway over oil and gas development plans, with environmental groups saying the country is throwing "gasoline on the fire" of the climate crisis. "Whilst Norway acknowledges the climate crisis, it throws gasoline on the fire by opening up new oil fields," he said, calling the country "a climate hypocrite".
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