AFP
13876 articles published since 08 Mar 2022
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US home sales cool as mortgage rates remain high
Sales of homes in the United States ticked down in July, according to industry data released Tuesday, as elevated mortgage rates and limited housing supply held buyers back. Sales of existing homes "likely have further to fall over the rest of the year as higher mortgage rates and a mild recession squeeze demand and keep supply conditions tight," said economist Michael Pearce of Oxford Economics.
Getir cuts over tenth of global workforce
Turkish rapid grocery delivery firm Getir said Tuesday it was slashing over a tenth of its global workforce in a bid to stem losses and keep its foothold in parts of Europe and the United States. The layoffs will come in five countries where Getir intends to maintain operations -- Turkey, Britain, Germany, the Netherlands and the United States.
Join the club: BRICS faces rift over push for new members
BRICS leaders meeting in South Africa this week will consider expanding the five-nation bloc at a time of great interest in the group that accounts for a quarter of global wealth.
Ex-OPEC president facing corruption charges in UK
Former OPEC president Diezani Alison-Madueke has been charged with bribery offences relating to her time as Nigeria's oil minister, the UK National Crime Agency said on Tuesday.
Meta fights back over behavioural marketing ban in Norway
US tech giant Meta on Tuesday asked a Norwegian court to defer a ban on behavioural marketing based on users' personal information, which has landed it a heavy fine in the country.
Canada to challenge latest US duties on softwood lumber
Ottawa announced Tuesday it will challenge the latest US duties on Canadian softwood lumber that it called "unfair, unjust and illegal." "For years, the United States has imposed unfair, unjust and illegal duties on Canadian softwood lumber, hurting Canadian industry and increasing housing costs in both countries," Trade Minister Mary Ng said in a statement.
Ex-OPEC president Diezani Alison-Madueke charged with bribery: UK police
Former OPEC president Diezani Alison-Madueke has been charged with bribery offences relating to her time as Nigeria's oil minister, the UK National Crime Agency said on Tuesday.
British chip champion Arm files to go public in US
British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years.
US commerce secretary to visit China next week for talks
US commerce secretary Gina Raimondo will visit China next week, Beijing and Washington said Tuesday, adding to a slew of US officials dispatched in recent months to ease tensions between the world's largest economies. Beijing also confirmed the visit, adding that Raimondo has been invited by her Chinese counterpart Wang Wentao.
AFP
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