AFP
13876 articles published since 08 Mar 2022
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Turkey expected to hike interest rate to 20-year high
Turkey's central bank was expected Thursday to dramatically raise its key interest rate for the second month running following a sudden turn towards conventional economics by President Recep Tayyip Erdogan. The central bank raised it by a whopping five percentage points in August and is expected to do so again on Thursday.
Bank of England faces rate-hike dilemma
The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the possibility of a pause has surfaced after a surprise dip in UK inflation. "Moments after the shock inflation number was released, the market expectation of a Bank of England rate rise began to plummet."
Amazon empowers Alexa with generative AI
Amazon’s popular Alexa digital assistant is about to be supercharged with the powers of generative artificial intelligence, the company said on Wednesday, as the tech giant steps into the AI race dominated by ChatGPT, Google and Microsoft.
Biden, Lula launch workers' rights pact
President Joe Biden and his Brazilian counterpart Luiz Inacio Lula da Silva unveiled a pact on workers' rights Wednesday, as the pro-union US leader grapples with a major auto employees' strike at home. Biden, who said he led the "most pro-union administration in American history," is facing an unprecedented strike hitting all "Big Three" US automakers that threatens to harm the US economy.
Glyphosate: where is it banned or restricted?
One of the world's most popular weedkillers, glyphosate, has divided the scientific and health community, prompting several countries either to ban or limit its use. - Asia - Vietnam is the only country in Asia to have fully banned the use of the chemical.
Italy opens probe over Ryanair market dominance
Italy's antitrust watchdog said Wednesday it has opened an investigation into Ryanair over allegations the Irish low-cost airline is abusing its dominant market position. According to Italy's civil aviation industry, Ryanair carried 45.7 million passengers in 2022, the market leader with some 37 percent of the national and international market. glr/ar/rl
Ford reaches Canadian labor deal as US auto strike enters 6th day
The Canadian auto workers union has reached a tentative agreement with Ford, averting a strike as the labor group's US counterpart eyes expanding its ongoing stoppage to more plants. Unifor, which represents Canadian auto workers, said late Tuesday the agreement pertained to more than 5,600 Canadian Ford workers who stood poised for a potential walkout.
EU pushes 10-year renewal for controversial herbicide
The European Commission proposed to renew the use of the controversial and widely used herbicide glyphosate in the EU for 10 years on Wednesday, after a report saw no reason to block it. But the European Chemicals Agency last year said scientific evidence did not justify classifying glyphosate as a carcinogen.
Biden launches 'climate corps' for green jobs
US President Joe Biden launched a new "Climate Corps" on Wednesday to help young people get green jobs, as he tries to sell voters on his plans for a clean energy economy. One group, Evergreen, said it was a "big step toward delivering good jobs for young people in the booming clean energy economy."
AFP
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