AFP
13876 articles published since 08 Mar 2022
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China stimulus hopes help boost Asian markets, Fed in focus
Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.
'Era of mass closures': the Japan businesses without successors
Kiyoshi Hashimoto's machinery factory outside Tokyo should be buzzing with industry. Not everyone is so fortunate, and the future of Hashimoto's machinery factory remains uncertain, despite his attempts to groom three successors.
TikTok chef whips up real-life Los Angeles restaurant after virtual success
Tue Nguyen became a TikTok star by posting videos of herself cooking Vietnamese dishes during the pandemic. But it was her cooking videos that made her genuinely popular on platforms like TikTok.
Elon Musk puts his "X" on Twitter
Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo. - The 'X' factor - Musk on July 24 ditches the blue bird logo on its website for an X as part of a wider rebranding of the company formerly known as Twitter.
TikTok rivals Twitter with new text format
TikTok, the social platform known for its addictive video content, announced Monday that it will offer text-only posts, becoming the latest tech giant to offer an alternative to embattled Twitter. The text posts on TikTok will most closely resemble similar offerings on Instagram, which earlier this month also launched a challenge to Twitter -- which owner Elon Musk renamed X -- called Threads.
UBS fined $387 mn over Credit Suisse misconduct: US Fed
The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired subsidiary, Credit Suisse, the US Federal Reserve announced on Monday.
Ford launches 'hands-free' driving on UK motorways
In a scene Ford hopes to see across Europe "soon", the first hands-free car model allowed on the UK's fastest roads zoomed down a motorway before slowing down as the back of a truck appeared. While the driver's hands are free, the car ensures that there is no fiddling with phones -- and that eyes are fixed on the road -- thanks to several cameras and infrared sensors.
Eurozone economic downturn steepens in July
Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday. Producers have cut their output again at an accelerated pace in July," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
UN stages food summit as more people around world go hungry
A three-day United Nations summit opened in Rome on Monday aimed at tackling a "broken" global food system where millions are starving, billions are obese and the planet is suffering. "Global food systems are broken -- and billions of people are paying the price."
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