AFP
13876 articles published since 08 Mar 2022
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Swiss parliament to probe Credit Suisse takeover
Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS, in an extremely rare move, following a vote on Thursday. After the lower house of parliament voted unanimously Wednesday in favour of creating the rare commission of inquiry, the upper chamber, or Council of States, voted 37-5 for it on Thursday.
UK clamps down on cryptocurrency sector
Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.
EU court rejects Barcelona ride-hailing restrictions
A top European court on Thursday ruled against restrictions imposed by Barcelona city hall on ride-hailing companies like Uber and Cabify. The Luxembourg-based Court of Justice of the EU (ECJ) ruled Thursday that the rules violated ride-hailing firms' "freedom of establishment" in the city.
'Savings running out': high inflation hits Hungarians
Antal Palya looks for the cheapest cuts of chicken at a Budapest market. "We dip into our savings to get by, but they're running out," Palya, a 58-year-old mechanic, said while shopping at the Bosnyak square market.
Eurozone in recession at start of 2023
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday. Two consecutive quarters of shrinking gross domestic product is the threshold for a technical recession.
'Black city': Polish port Gdansk chokes on coal dust
Iwona Wozniewska's family has lived next to the Polish port of Gdansk for decades. "I've lived here for more than 40 years... it's never been as dire as it is now.
WhatsApp debuts one-to-many broadcasting 'Channels'
WhatsApp on Thursday began letting select organizations try a new feature called "Channels" that lets them broadcast to followers on the popular, Meta-owned messaging service. Meta said WhatsApp's priority will continue to be private messaging, but that users have been asking for a feature like Channels for years.
African space tech? Don't rule it out, says Nigeria's startup king
Iyinoluwa Aboyeji might not have the personal wealth of Elon Musk or Mark Zuckerberg, but his level of success as an African entrepreneur bears comparison with any Silicon Valley tech titan. Aboyeji, who has many of the trappings of a global tech boss -- he is often known simply as "E" and he wants to build a city devoted to tech -- says African entrepreneurs should have big ambitions.
Asian markets turn lower on fresh rate hike worries
Renewed fears that the Federal Reserve will lift interest rates next week sent Asian markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.
AFP
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