AFP
13876 articles published since 08 Mar 2022
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US new home sales post surprise jump in May
New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy. The median price of new homes sold also picked up to $416,300 in May, the Commerce Department added.
Ugandans sue TotalEnergies for reparations in France
Twenty-six Ugandans on Tuesday sued French oil giant TotalEnergies in Paris for reparations over alleged human rights violations at its massive megaprojects in the country, as climate protesters targeted its UK headquarters.
Macron under fire from left over latest jobs jab
French President Emmanuel Macron on Tuesday faced accusations of minimising the problems of unemployment after he told the mother of a jobseeker that her son could easily find work. Macron asked the woman during a walkabout in Marseille on Monday after she said her son, 33, could not find work and was in rent arrears.
EU agrees tougher rules on banks
The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of the 2008 financial crisis. The EU is the first major jurisdiction to implement the final elements of the reforms, ahead of other countries including the United States.
Climate protesters target TotalEnergies' UK headquarters
Climate change campaigners targeted the UK headquarters of oil giant TotalEnergies with paint Tuesday, protesting the French firm's alleged human rights violations in the construction of a contentious oil pipeline in Uganda.
Nobel-winning lithium battery inventor John Goodenough dies at 100
John Goodenough, who shared the 2019 Nobel Prize in Chemistry for developing the lithium-ion battery that revolutionized modern life, has died at the age of 100, the University of Texas announced.
Will AI really destroy humanity?
The warnings are coming from all angles: artificial intelligence poses an existential risk to humanity and must be shackled before it is too late. However, the group has warned that giving machines the power to make decisions on life and death is an existential risk.
China calls West's economic de-risking a 'false proposition'
Chinese Premier Li Qiang slammed efforts in the West to "de-risk" their economies as a "false proposition" on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China. "In the West, some people are hyping up what is called 'cutting reliance and de-risking'," Li told delegates at the opening of a World Economic Forum meeting in northern China.
Most Asian markets rise but wary eyes on Fed, Russia
Asian markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation. - Russia worries - Oil rose again though traders remain caught between supply concerns caused by the Russia crisis and demand uncertainty as investors fret over surging interest rates.
AFP
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