AFP
13876 articles published since 08 Mar 2022
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EU proposes 50 bn-euro package to support Ukraine
Brussels on Tuesday asked EU member states to back a 50-billion-euro ($55 billion) package to support Ukraine over the next four years, as part of a boost to the bloc's budget. As part of its budget review, Brussels is also asking for 15 billion euros more to help manage immigration and 10 billion euros to subsidise key industries.
China urges closer ties as Germany looks beyond Beijing
China's premier on Tuesday urged closer cooperation with Germany to shore up a struggling global economy, at a time when the European export powerhouse is seeking to reduce its reliance on the Asian giant. - Mistrust - Export giant Germany, by virtue of its economic might, has always enjoyed special ties with China.
Hyundai raises annual EV sales goal to two million by 2030
Hyundai Motor said Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. "With global EV demand growing faster than market forecasts, Hyundai Motor is raising its 2030 sales target from 1.87 million units to two million units," it added.
China imports of Russian oil highest since Ukraine invasion: data
Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, Beijing's customs data showed Tuesday. And in May, China imported 9.71 million tonnes of oil from Russia, detailed customs data showed, up from 5.4 million tonnes in February 2022 and 6.3 million the following month.
UK tycoon missing on Titanic sub is adventure addict
British aviation tycoon Hamish Harding, one of five people aboard a missing Titanic diving vessel, is no stranger to daredevil antics -- and has three Guinness world records to his name. Harding's Guinness records are for longest duration and distance traversed at full ocean depth by a crewed vessel, and the fastest circumnavigation via both Poles by plane.
Chinese tech giant Alibaba names next CEO
Chinese tech giant Alibaba said Tuesday it will replace its top boss in a surprise move at the e-commerce titan as it looks to recover from years of slow growth caused weak consumer spending and a crackdown by authorities.
With record unemployment, China's youth confront bleak job market
Rather than celebrating finishing university, this summer Chinese graduates shared photos of themselves theatrically throwing their degrees into bins, underscoring the bleak outlook as youth unemployment sits at a record high.
Hong Kong, Shanghai lead Asia losses as China rate cut falls flat
Stocks in Hong Kong and Shanghai led losses across most of Asia on Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart the country's lumbering economic recovery.
Eyeing China, EU to unveil plans to combat economic risks
The EU will on Tuesday detail the economic security risks facing the bloc and new tools Brussels can use as it seeks to muscle up against rivals Russia and China. The EU this year agreed to establish a trade tool that would go after countries that seek to put pressure on one of its members after China targeted Lithuania in a spat over Taiwan.
AFP
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