AFP
13876 articles published since 08 Mar 2022
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Rice price spike offers preview of climate food disruption
A 15-year high in rice prices, prompted by top exporter India's restrictions on overseas sales, should be a wake-up call on how climate change can disrupt food supplies, experts say. That followed the July decision by India, which accounts for 40 percent of global rice exports, to ban the overseas sale of non-basmati rice.
Fossil fuel demand to peak this decade: IEA chief in FT
World demand for oil, gas and coal is forecast to peak this decade for the first time as the use of cleaner energy and electric cars accelerates, the International Energy Agency's chief wrote Tuesday in the Financial Times.
Japan brands drop boyband agency after sex abuse scandal
Automaker Nissan and beer giant Kirin said Tuesday that they were dissociating themselves from Japan's biggest boyband agency following revelations about sex abuse committed by its late founder for decades. Calling the abuse a "grave human rights issue", a spokesperson for beer giant Kirin Holdings told AFP that it would not renew its contract with the firm.
Bound by EU, new iPhone expected to adopt USB-C charger
Apple on Tuesday is expected to freshen its iPhone lineup, improving performance and switching to a universal charger set to become mandatory in Europe next year. - Along with rolling improvements to iPhone cameras and chips, Apple is expected to raise prices on its Pro models, according to Wurmser.
SoftBank supremo eyes rare success with Arm IPO
Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times. The Arm IPO, this year's biggest flotation, is proving popular and is 10 times oversubscribed, prompting SoftBank to consider raising the price, according to reports.
Most Asian markets drop as uneasy traders await key data
Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone. Equities have struggled so far this month on concerns that recent figures pointing to a resilient economy and jobs market will pressure the bank to tighten once more this year as it looks to defeat inflation.
Alexander McQueen designer Sarah Burton quits after two decades
British fashion house Alexander McQueen is losing its artistic director Sarah Burton who has been in charge for more than 20 years, parent company Kering announced on Monday. The 49-year-old British designer took over the reins after the suicide of its founder, Lee Alexander McQueen, in 2010.
Over 10,000 more jobs to go at UK's Wilko after partial rescue fails
More than 10,000 staff will lose their jobs at struggling UK household goods retailer Wilko, administrators said Monday, after last-ditch talks on a rescue deal with the owner of the HMV music store chain collapsed. Wilko, which operated some 400 stores across the UK and online, announced its collapse on August 10, putting 12,500 jobs at risk.
Modi hails Saudi ties after 'historic' route unveiled
India hailed its "strategic" partnership with oil-rich Saudi Arabia on Monday, days after unveiling a major trade and transport route linking Europe, the Middle East and India as part of a broad alliance.
AFP
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