AFP
13876 articles published since 08 Mar 2022
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China to hold third Belt and Road forum next week
China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. He will also "hold a welcome banquet for foreign leaders and heads of international organisations attending the forum", she added.
Birkenstock to target $8.6 bn IPO valuation: reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.
Birkenstock to target $8.6 bn IPO valuation: media reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.
Star witness at US crypto trial says Bankman-Fried ordered fraud
Disgraced crypto wunderkind Sam Bankman-Fried was the mastermind behind a scheme to defraud FTX clients of billions of dollars, the star witness in his US trial testified on Tuesday. In the court on Tuesday, Ellison said that she and Bankman-Fried "dated for a couple years."
EU warns Musk's X spreading 'illegal' disinfo after Hamas attack
The EU's digital chief Thierry Breton warned Elon Musk on Tuesday that his platform X, formerly Twitter, is spreading "illegal content and disinformation", in a letter seen by AFP. The letter said concerns had heightened after the Hamas attack against Israel, and demanded Musk respond to the complaint within 24 hours and contact "relevant law enforcement authorities".
LVMH sales growth falters in third quarter
The world's top luxury group LVMH said Tuesday that its third quarter sales were nearly flat at 19.96 billion euros ($21.2 billion), a one percent increase from the same period last year. Sales at the group rose 15 percent during the January-June period compared with last year, to hit 42.2 billion euros.
Pre-election jitters send Argentine peso to new lows
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate. With the parallel dollar now trading at over 1,000 pesos, it is worth almost three times the official rate of 365 pesos, propped up at great cost by the government.
Yellen urges more IMF, World Bank reforms for climate fight
US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change. Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed over time to face new challenges.
Russian forces close in on east Ukraine's Avdiivka
Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely. Russian forces control territory to the south, east and north of Avdiivka.
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