AFP
13876 articles published since 08 Mar 2022
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Colombian president wants to amend free trade accord with US
President Gustavo Petro announced Wednesday that he wants to renegotiate a free trade accord that Colombia has with the United States, the main destination for its exports. The bilateral trade accord signed in 2012 made the United States the main buyer of Colombia's exports of goods and services and one of the main investors in the country, the trade ministry says.
Aldi to buy 400 supermarkets in US Southeast
Discount supermarket chain Aldi announced Wednesday a deal to purchase 400 grocery stores across the southeastern United States, expanding its footprint as inflation tests American consumers. Under a deal with Southeastern Grocers, Aldi, the American affiliate of the German company, will acquire Winn-Dixie and Harveys supermarkets across Alabama, Florida, Georgia, Louisiana and Mississippi.
Intel abandons $5.4 bn deal to buy Israel's Tower Semiconductor
Intel Corporation has terminated a $5.4 billion deal to buy Tower Semiconductor in Israel after failing to get needed regulatory approval, the US chip maker announced Wednesday. Tower and Intel agreed to abandon the deal after there were "no indications regarding certain regulatory approval" by the merger contract deadline on Tuesday, according to the companies.
UK lagging in switch to green energy, study warns
The UK risks being left behind in the production of "green" electricity, despite having once being considered a leader in the energy transition, according to a new study.
China's Country Garden says 'major uncertainties' over bond payments
China's troubled property giant Country Garden said Wednesday there were "major uncertainties" over payments on its bonds, with fears swirling about the health of the country's heavily indebted real estate sector. "There are currently major uncertainties in the redemption of corporate bonds," the company said in a filing to the Shanghai stock exchange on Wednesday.
Bank of Ireland apologises for 'free money' tech glitch
Bank of Ireland apologised on Wednesday after fixing a technical issue that allowed customers to withdraw or transfer more money than was in their accounts. The bank warned customers that withdrawals and transfers, including those over normal limits, would be debited from accounts, potentially tipping them into costly overdrafts.
German govt okays plan to legalise recreational cannabis
The German government approved a draft law Wednesday legalising the purchase and possession of small amounts of cannabis for recreational use, despite criticism from opposition politicians and judges. The German Judges Association meanwhile said the legislation would create more red tape and add more stress to the judicial system, rather than relieving it.
China's Tencent reports jump in Q2 income, misses revenue expectations
Chinese internet giant Tencent announced on Wednesday a 41 percent year-on-year jump in second-quarter net income, but missed analyst forecasts for revenue. And on a quarter-to-quarter basis, Tencent's latest quarterly net income figure represents an increase of just 1 percent.
Cargo ship exits Ukraine port despite threat from Russian navy
Kyiv announced Wednesday a cargo vessel had exited its southern port of Odesa along a new maritime corridor, despite an earlier warning from Russia it could target vessels using Ukrainian ports. The possibility of a Russian attack on cargo ships on the Black Sea increased after last week, when Moscow said it fired warning shots from a Russian warship at a cargo vessel heading towards Izmail.
AFP
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