AFP
13876 articles published since 08 Mar 2022
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Fertile Cuba relies on food imports as farmers lack seeds, fuel
Crop production has plummeted in fertile Cuba as aid for farmers from a government grappling with tough sanctions and the worst economic crisis in decades has dried up. There is no way to market or transport the crops," said the farmer.
IRS says Microsoft owes $29 bn in unpaid US taxes
The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that "since 2004, we have paid over $67 billion in taxes to the US." The accounting practices of US big tech companies have long posed a problem for authorities.
Climate change is improving French wine -- for now
What makes a good or bad year for wine? But the paper argues that because there is broad consensus about what makes good versus bad wine, the taste scores offer a reliable means to monitor how crops are changing over time -- and they attempted to statistically control for the effects of improving winemaking technology.
US Fed agreed to hold interest rates high 'for some time': minutes
US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday. "All participants agreed that policy should remain restrictive for some time until the Committee is confident that inflation is moving down sustainably toward its objective," the minutes showed.
US Fed official lauds 'very good' progress on inflation
The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday. Inflation at the consumer level has slowed sharply since peaking last summer but it remains elevated, while the economy is showing signs of continued resilience.
Finland gas pipe likely damaged by 'mechanical force': police
Finnish authorities on Wednesday said the leak leading to the shutdown of a natural gas pipeline from Estonia to Finland appeared to have been caused by "mechanical" force and not a blast. It will take at least five months to repair the pipeline, its operator said Wednesday, which will leave Finland totally dependent upon liquefied natural gas imports for the winter.
Mali cancels Air France clearance to resume flights: officials
Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday. The air transport official confirmed that "authorisation has been cancelled", without providing further details.
World Bank needs to get 'better', 'bigger': president
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics. He said poverty, pandemics and climate change were "almost like a perfect storm" that can no longer be treated separately.
German economy to shrink in 2023, govt says
The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump. In their forecasts Wednesday, the government predicted the economy would pick up next year with growth of 1.3 percent, and expand by 1.5 percent in 2025.
AFP
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