AFP
13876 articles published since 08 Mar 2022
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Biden's Vietnam trip aimed at reining in China
President Joe Biden arrives in Vietnam on Sunday on a mission to bolster US influence, but the heavy emphasis on countering rival China will likely confine human rights concerns to the margins. And it is China that Biden has in his sights on the trip, as Beijing keeps up intense efforts to expand its influence in Asia.
Asian markets extend losses as US rate hike fears build
Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening. Therefore, it would be wise for the Fed to tighten its monetary policy more instead of less, or at least keep the screws tighter for longer."
Colombia mulls future of massive coal mine as water dries up
Colombia's massive El Cerrejon coal mine has landed in the crosshairs of President Gustavo Petro, who has blamed the open-pit operation for plunging the local Indigenous community into a severe water crisis.
US interest rates in 'good place,' for now: Fed officials
High US interest rates are doing their job in the fight against inflation, but more hikes may yet be needed, senior US Federal Reserve officials said Thursday. After that meeting, the Fed will publish updated economic predictions, which will reveal how high policymakers think interest rates will need to go, and for how long they will have to stay there, to bring down inflation. da/acb
Divided G20 head to India with eyes on Ukraine and climate
Divided G20 leaders will descend on New Delhi from Friday, with host Prime Minister Narendra Modi seizing a chance to occupy the geopolitical centre stage and hammer home India's growing diplomatic clout. Around the summit table, there will be a few notable absences -- with Chinese leader Xi Jinping and Russia's Vladimir Putin both opting to stay at home.
'It's robbery': Salvadorans slow to adopt Bitcoin
Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services. Economist Cesar Villalona told AFP that Bitcoin "does not exist in the local economy" in any significant way, because in El Salvador "everything" is paid in dollars: wages, services and goods.
Kugler confirmed as first Hispanic American on US Fed board
The US Senate confirmed Adriana Kugler on Thursday to a management position at the Federal Reserve, making her the first Hispanic-American to serve on the seven-person governing body in its 110-year history.
Apple shares fall on reports of China iPhone restrictions
Apple shares fell sharply for a second straight session Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities. Shares fell 3.6 percent on Wednesday after a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies.
UK rejoins key European science programme after post-Brexit row
Britain and the EU said on Thursday they had struck a pact to allow British scientists back into the world's largest civilian science research programme after being frozen out in a post-Brexit row.
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