AFP
13876 articles published since 08 Mar 2022
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UBS posts first quarterly loss since 2017 on Credit Suisse costs
UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival. Credit Suisse posted a positive inflow of net new money for the first time since the first quarter of 2022 at $3 billion.
China owed more than $1 trillion in Belt and Road debt: report
China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.
Asian markets take a breather after Fed rate pause rally
Asian markets turned negative Tuesday after their latest rally as high hopes the US Federal Reserve has finished hiking rates gave way to profit-taking. Still, markets are betting on a number of rate cuts next year totalling more than 100 basis points.
Polish truckers block Ukraine border points in protest
Several dozen owners of transport companies on Monday blocked three major Polish border crossings with Ukraine to protest what they say is unfair competition from the neighbouring country's businesses. "Their costs of servicing a truck, hiring a driver or merely of opening a business or paying social insurance are much lower," Marek Oklinski, a transport company owner, told AFP in Dorohusk.
Actors' union says no agreement on studios' 'final' offer
The union representing striking actors said Monday it could not agree to studios' "last, best and final offer" issued over the weekend in a bid to end a months-long stalemate that has crippled Hollywood.
Corporations fall short on implementing green agendas: report
Corporations are increasingly committed to green agendas, but a new report on Tuesday reveals that only one in 20 of over a thousand publicly listed companies have a detailed strategy for how they will reach their greenhouse gas targets. And whether companies have a detailed plan for reaching them," he added.
OpenAI sees a future of AI 'superpowers'
ChatGPT maker OpenAI on Monday enticed developers with lower prices and the ability to easily tailor artificial intelligence "agents" to help with anything from laundry advice to contract negotiations.
Epic Games and Google face off in court over app store
The maker of hit videogame Fortnite, Epic Games, and Google faced off in federal court in San Francisco as a trial began over whether the internet giant wields monopoly power at its Play Store. Epic is asking the jury to order Google to loosen its grip on the Play Store.
Competition proposed to deliver European space cargo to ISS
The European Space Agency on Monday proposed a competition between European firms to build a ship that would deliver cargo to the International Space Station. "You have to be able to send a cargo ship to a station and come back.
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