AFP
13876 articles published since 08 Mar 2022
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EU confronts Chinese subsidies with electric car probe
Brussels will investigate Chinese state subsidies for electric cars, the EU chief said Wednesday, vowing to defend Europe's industry from unfair competition. European Commission president Ursula von der Leyen announced the anti-subsidy investigation, vowing to defend Europe's manufacturers.
UN rights chief slams Musk 'trolling campaign' against anti-defamation group
The UN rights chief decried Wednesday an online "trolling campaign" against a leading anti-defamation group, urging online platforms like X, formerly Twitter, to do more to battle hate speech.
EU confronts Chinese subsides with electric car probe
Brussels will investigate Chinese state subsidies for electric cars, the EU chief said Wednesday, vowing to defend Europe's industry from unfair competition. European Commission president Ursula von der Leyen announced the anti-subsidy investigation, vowing to defend Europe's manufacturers.
US consumer inflation ticks up in August on gasoline prices
Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices. The consumer price index (CPI), a key inflation gauge, jumped 3.7 percent from a year ago, picking up pace from July's 3.2 percent figure, said the Labor Department.
BP shares drop after CEO quits over relationships
Shares in British energy major BP dropped Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues. The company announced late Tuesday that Looney, 53, resigned "with immediate effect" after admitting he had not been "fully transparent" about historical relationships with colleagues.
Von der Leyen vows 'fair' green deal for EU farms and industry
EU chief Ursula von der Leyen promised on Wednesday that Europe's green energy transition would be "fair and just" for farmers and businesses fearful of new regulations and unfair foreign competition.
With a Barbie boost, Birkenstock to step onto stock market
When actress Margot Robbie swapped high heels for pink Birkenstocks in hit summer movie "Barbie", it illustrated how the sandals have transformed from unglamorous, practical footwear to a highly-coveted fashion item. - Beloved by VIPs - Margot Robbie was just the latest celebrity to be seen sporting a pair of now ultra-trendy Birkenstocks.
Malaysia PM says Goldman Sachs must renegotiate 1MDB settlement
Malaysia's prime minister vowed Wednesday to chase a new settlement from US investment bank Goldman Sachs for its role in the billion-dollar corruption scandal at the 1MDB state fund. Under that 2020 settlement, Goldman Sachs paid Malaysia $2.5 billion for its role in the financial scandal, while Kuala Lumpur agreed to end all criminal proceedings against the bank.
Saudi, Russian oil cuts to cause big supply shortfall: IEA
Oil cuts by Saudi Arabia and Russia will cause a "significant" global supply shortfall through the end of the year, raising the risk of further market volatility, the International Energy Agency said Wednesday. Saudi Arabia has extended an oil production cut of one million barrels per day, which began in July, to the end of the year.
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