AFP
13875 articles published since 08 Mar 2022
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Hollywood CEOs, striking writers at impasse after new talks
The latest meeting between Hollywood's striking screenwriters and top executives from Disney, Universal, Warner Bros. and Netflix ended in an impasse, the writers' union has said. The presence at Tuesday's meeting of top CEOs including Disney's Bob Iger and Netflix's Ted Sarandos, along with Donna Langley, chairman of Universal and Warner Bros.'s David Zaslav, wasn't enough to make a deal happen.
IMF approves $7.5 billion disbursement to Argentina: economy minister's office
The International Monetary Fund's (IMF) executive board has approved a $7.5 billion disbursement for Argentina, a spokesperson for economy minister Sergio Massa told AFP Wednesday, as the South American country grapples with a prolonged economic crisis.
UK court concludes teenager behind huge hacking campaign
A UK court on Wednesday found a teenager responsible for a hacking campaign that included one of the biggest breaches in the history of the video game industry. The 17-year-old was on Wednesday found guilty of fraud and blackmail.
Sales of new US homes rebound on tight housing supply
New home sales in the United States bounced upward in July, as a lack of existing real estate pushes buyers into the market for new builds, government data showed Wednesday. On Tuesday, a separate report showed that sales of existing homes in the United States continued slowing in July as interest rates climb and current home owners find themselves reluctant to put their properties on the market.
Norway opens world's biggest floating wind park
Norway inaugurated the world's biggest floating wind park in the North Sea on Wednesday, an emerging technology considered promising for the transition from fossil fuels to green energy. Unlike offshore wind turbines that are fixed to the seabed, floating turbines are, as their name suggests, mounted on a floating structure anchored to the seabed.
BRICS leaders to debate expanding membership at summit
BRICS leaders on Wednesday will debate admitting new members to their five-nation bloc as it pursues a bigger role in shaping world affairs it sees as dominated by western powers. "The world is changing," said South African President Cyril Ramaphosa at the opening of the plenary session of the BRICS on Wednesday.
Arm listing may boost return to IPOs
The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings. In documents filed on Monday, Arm said it planned to list on the Nasdaq, seven years after quitting London's stock exchange after being purchased by Japan's SoftBank.
Kenyan court says Meta and sacked moderators to pursue settlement
Some 184 content moderators and Facebook's parent company Meta have agreed to pursue an out of court settlement in a lawsuit claiming unfair dismissal, court documents seen by AFP show. "The parties shall pursue an out of court settlement of this petition through mediation," the documents dated xxx said.
Eurozone economic downturn deepens in August
The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing begins to spread to services, a key survey said Wednesday. The data showed the eurozone service sector fell into decline in August, recording the first contraction in activity since last December.
AFP
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