AFP
13876 articles published since 08 Mar 2022
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German antitrust body opens probe against Coca-Cola
Germany's antitrust watchdog said Tuesday it was opening a probe into US beverages giant Coca-Cola over rebates for retailers it said could give the company an unfair advantage over competitors.
World severely off track to limit planet-heating emissions: UN
The world is "failing to get a grip" on climate change, the UN warned Tuesday, as an assessment of current climate pledges shows only minor progress on reducing emissions this decade. "The world is failing to get a grip on the climate crisis," said UN Secretary-General Antonio Guterres, warning countries were not acting fast enough to avoid climate catastrophe.
Glencore takes majority stake in Canadian coal business
Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said on Tuesday, capping fraught negotiations between the groups. Vancouver-based Teck Resources put the value of its steelmaking coal business at $9.0 billion.
Apple supplier Foxconn says profits fuelled by holiday season demand
Key iPhone supplier Foxconn posted "better-than-expected" profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season. "We have entered the traditional peak season in the second half and our operations are set to gradually improve quarter on quarter," CEO Young Liu said during an earnings call.
Musk's X fails to pay Australian watchdog fine
Elon Musk's X has not paid a fine imposed for failing to outline its plans to stamp out content depicting child sexual abuse on the platform, Australia's internet safety watchdog told AFP on Tuesday. Billionaire Musk has slashed more than 80 percent of X's global workforce since his takeover, including many of the content moderators who are responsible for stamping out abusive content.
'He could get killed': Information war inflates Israel-Hamas fight
Months after he was discharged from hospital, his right leg amputated, Mohammed Zendiq saw his image swirling online in a vicious disinformation campaign downplaying the horrors of the Israel-Hamas war.
US postpones Asia trade deal rollout after domestic fire
President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.
Asian markets cautiously higher as US data looms
Equity markets edged up Tuesday as investors cautiously await the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve's interest rate plans over the next few months.
1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's
A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said. The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby's, the luxury car subsidiary of the auction house.
AFP
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