AFP
13876 articles published since 08 Mar 2022
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In Latin America, Brazilian fintech firms rule
When Brazilian sisters Daniela and Juliana Binatti quit their jobs to launch a new financial technology -- or fintech -- product, colleagues called them a pair of upstart nuts. "Many people thought we were crazy," said Daniela Binatti, the company's director of technology.
Venice to trial ticketing system from spring 2024
Venice will trial a ticketing system from spring next year, officials said Tuesday, with day-trippers charged five euros to enter the historic Italian city in a "trailblazing" bid to cut tourist numbers. But the council executive agreed to a 30-day trial, likely spread out across public holidays and weekends in the spring and summer of 2024.
Swedish criminal gangs laundering money through Spotify: media
Criminal gangs behind a surge of bombings and shootings in Sweden in recent years are using fake Spotify streams to launder money, a Swedish newspaper reported Tuesday.
Oil execs on trial in Sweden over Sudan war crimes role
A Swedish oil firm operated in Sudan with support from the military allegedly knew violence would affect civilians to bring the areas under control, prosecutors said Tuesday as two former executives faced war crimes charges.
Fears grow for UK councils after second city declares insolvency
Local government bodies on Tuesday warned that more councils across the UK could declare themselves in financial dire straits, after the country's second biggest city said it could not balance its books.
UK eases effective ban on onshore wind in England
The UK government eased a de facto ban on onshore wind in England on Tuesday, after growing pressure from environmental campaigners and some ruling Conservative lawmakers. Those rules, introduced by former prime minister David Cameron in 2015 amid fears of a backlash from typically Tory voting rural communities, resulted in an effective ban on new wind farms and smaller sites.
Saudi and Russia extend oil cuts through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, continuing their campaign to bolster prices. - Profits down - In August, oil firm Saudi Aramco announced profits of $30.08 billion for the second quarter of 2023, a fall of 38 percent from the same period last year when prices surged after Russia invaded Ukraine.
UK's second biggest city declares financial distress
The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding. SIGOMA, a grouping of 47 urban councils within the LGA, last week warned that one in 10 of its members were considered making the statutory admission that they have no prospect of balancing their books.
French beauty giant L'Occitane dives as go-private talks called off
Shares in French beauty brand L'Occitane plunged by a record of almost 30 percent in Hong Kong on Tuesday after its chairman called off talks on taking the firm private. Bloomberg News reported in July that chairman Reinold Geiger was studying options for taking the brand private, using a holding company that owned more than 70 percent of its shares.
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