AFP
13876 articles published since 08 Mar 2022
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Panama bans new mining deals, but fails to quell protests
Panama's President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country. In a televised address, the president said the government had issued a decree "declaring a ban on granting new metallic mineral concessions throughout the country."
Subscription plan promises boosted replies at X, formerly Twitter
X on Friday unveiled a $16-a-month subscription plan allowing users who pay more to get the biggest boost for their replies posted at the platform formerly known as Twitter. The "Premium+" plan is ad-free and designed to provide "the largest reply boost" at X, the company said in a post.
Bumper profits ebb at US oil giants as they tout big fossil deals
ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.
Media reporting on Israel-Hamas war face singular challenges
Global media outlets are facing near-unprecedented challenges in their coverage of the Israel-Hamas war as conflicting propaganda, social media pressure and charged public opinion require them to exercise extreme caution. Global media have also been giving priority to scrutiny of which terms to use -- or avoid -- in their coverage of the war.
Electrolux to cut 3,000 jobs as sales fall
Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter. In October last year, it announced it would cut 4,000 jobs worldwide but mainly in North America.
GM's Cruise pauses driverless car operations after California ban
US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state. California on Tuesday suspended testing of Cruise autonomous vehicles as robotaxis citing safety concerns following a series of accidents.
Tesla workers strike in Sweden over union demands
Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said. Pettersson said Tesla informed them Tuesday it would not sign a collective bargaining agreement, adding that the carmaker told the union they "don't do that anywhere in the world."
UK's NatWest bank showed 'serious failings' over Farage: probe
UK bank NatWest displayed "serious failings" in its treatment of the banking affairs of arch-Brexiteer Nigel Farage, an independent probe found Friday. NatWest chairman Howard Davies admitted the lender had made "serious failings" in the treatment of the politician.
Eni profits slump on lower oil and gas prices
Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices. Like its competitors, Eni benefited last year from the spike in gas and oil prices linked to the war in Ukraine, posting a record net profit of 13.8 billion euros.
AFP
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