AFP
13876 articles published since 08 Mar 2022
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Erdogan pledges support for higher interest rates
Turkish President Recep Tayyip Erdogan on Wednesday confirmed a major policy reversal by backing his new economic team's decision to drastically hike interest rates to fight runaway inflation. Erdogan signalled clearly on Wednesday that he now supports higher interest rates.
Obesity drugs give Danish economy a major boost
Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk have turned it into Europe's most valuable company, giving Denmark's economy a major makeover.
EU tells Turkey to 'address democracy' before membership
The European Union's enlargement commissioner told Turkey on Wednesday to address issues around democracy and the rule of law if it wants to boost its drive to join the bloc. "For this to remobilise, there are very clear criteria to set out … (that include) democracy and the rule of law," he said.
Norway court rejects Meta bid to defer ban
A Norway court on Wednesday rejected US tech giant Meta's request to defer a ban on behavioural marketing based on users' personal information, which has landed it a heavy fine in the country. On August 1, the social media giant said it would ask users in the European Union, Norway, Iceland, Liechtenstein and Switzerland to give their consent before allowing targeted advertising on its networks.
Music firm Universal announces streaming overhaul
The world's biggest music publisher Universal, whose catalogue includes artists from Taylor Swift to the Beatles, announced a deal on Wednesday it says will shake up the way artists are rewarded for streaming.
Britain and France look to reset ties with state visit
British head of state King Charles III's upcoming visit to France will underscore historic close relations between the two countries, London and Paris said on Wednesday.
Taiwan chip giant TSMC says Arizona plant making 'fast progress'
Taiwan chip giant TSMC's planned factory in the United States was making "fast progress", the company's chairman said Wednesday, despite it facing a delayed start due to worker shortages and reported union disputes.
Russia to step up support for sagging ruble
Russia's central bank announced Wednesday it plans to sharply step up support for the ruble, which has weakened considerably after 18 months of Western sanctions following Moscow's military intervention in Ukraine.
UK air traffic control outage '1 in 15 million' event: boss
The head of British air traffic control on Wednesday blamed a "one in 15 million" event that caused the country's worst systems failure in almost 10 years, stranding thousands of passengers.
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