AFP
13876 articles published since 08 Mar 2022
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AIIB says internal review found 'no evidence' of China influence
The China-based Asian Infrastructure Investment Bank (AIIB) said Friday there was "no evidence" it was dominated by Beijing's ruling Communist Party, as it released a review into explosive claims made by a former executive.
Seeking an 'angel': African startups face funding challenge
Kubik is proud of its pioneering, climate-friendly technology that recycles one of the world's environmental curses -- plastic waste -- into construction blocks. Kubik takes in bundles of discarded plastic and sorts them into piles.
'No second chance' to save Sri Lanka, central banker warns
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit -- and was pressed into retirement for his troubles. - 'End of the story' - Last year brought Sri Lanka's worst economic downturn in its 75-year history as an independent nation, with GDP contracting 7.8 percent and inflation hitting 70 percent at its peak.
Sri Lankans jump ship as a bankrupt nation struggles
The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line -- people scrambling for travel documents to flee their bankrupt island. This year through May, 433,000 overseas travel documents have been issued, according to the Immigration and Emigration Department.
Yellen to discuss US-China ties, global economic outlook in Beijing
US Treasury Secretary Janet Yellen begins a full day of meetings in Beijing including with Premier Li Qiang on Friday, as Washington seeks to steady the tense relationship between the world's top two economies.
Asian markets fall further as US data fans rate fears
Stocks tumbled again Friday in Asia after another round of strong US data reinforced expectations the Federal Reserve will resume its interest rate hikes as officials wrestle with stubbornly high inflation. The readings pointed to an economy that remained in rude health, even after 10 straight interest rate hikes, and analysts said it solidified bets on a July hike at least.
Biden yanks pro-growth label from Republicans, touts vigor of economy
Taking the stage at a South Carolina factory for his latest "Bidenomics" speech, Joe Biden gave the base of the apparently malfunctioning podium a light kick. South Carolina Senator Tim Scott, who is also seeking the Republican presidential nomination, scoffed on Twitter that "propaganda tours won't hide the damage Bidenomics has done to our economy.
Facebook alters fact-checking controls for US users
Meta-owned Facebook has handed US users the controls over fact-checked content, in a potentially significant move that the platform says will give them more power over its algorithm but some analysts insist could benefit purveyors of misinformation.
Yellen to discuss US-China ties, American firms' worries
US Treasury Secretary Janet Yellen begins a full day of meetings in Beijing on Friday, with strained US-China ties, American businesses' concerns and the global economic outlook on her agenda.
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