AFP
13875 articles published since 08 Mar 2022
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Pre-Hispanic aquaducts irrigate modern Peruvian crops
Built some 1,700 years ago by the pre-Hispanic Nazca people of Peru, an ingenious aqueduct system of wood and stone still provides farmers with water to this day. "It helps us to irrigate," said farmer Nicolas Quispe, 39, who waters his potatoes from the Nazca aqueduct system "thanks to the ancient farmers who had this advanced technology."
EU, Google want 'voluntary' AI rules: commissioner
The EU and Google want voluntary rules on AI before a new law comes into force in the bloc to regulate the rapidly advancing technology, the bloc's industry commissioner Thierry Breton said Wednesday.
Citi plans IPO for Mexican unit Banamex
Citi announced Wednesday that it will launch an initial public offering of its Mexican business Banamex, shifting away from a plan to possibly divest the operation. Mexican President Andres Manuel Lopez Obrador had been among those focused on the fate of Banamex after Citi first announced plans to exit Banamex in January 11, insisting that the works remain in Mexico.
Social Security, healthcare, veterans likely casualties of US debt default
The White House and Congressional Republicans are still locked in crunch talks to try and avert the first debt default in US history, which Treasury officials have warned could come as soon as June 1. The nonpartisan Congressional Budget Office estimated recently that around $25 billion in payments to military personnel, civil servants and others are due on June 1.
Taiwan's Quanta Computer confirms new investment in Mexico
Taiwan's Quanta Computer confirmed it had "investment plans" in Mexico on Wednesday after the governor of Nuevo Leon announced the company would pump an additional $1 billion into his state. Quanta's statement comes a day after the governor of the northern Mexican state of Nuevo Leon announced an investment of "$1 billion more" from the company after a successful pilot project.
UK annual inflation slides to 13-month low
Britain's annual inflation rate fell sharply to a 13-month low of 8.7 percent in April but prices remain elevated as the country faces a cost-of-living crisis, official data showed Wednesday. It hiked the rate by a quarter-point to 4.5 percent -- its 12th increase in a row, fuelling a cost-of-living crisis across Britain.
China's premier hails close ties in talks with Russian PM
China's premier on Wednesday hailed the "strategic cooperative partnership" between Beijing and Moscow as he hosted the Russian prime minister, with the two sides expected to sign a number of economic and infrastructure deals. - China's upper hand - Mishutin is accompanied by a number of top officials, including Deputy Prime Minister Alexander Novak, who handles energy policy.
German chip charge could short-circuit on myriad challenges
Germany is seeking to lead a European charge to boost chip production with a series of mega-investments but the drive faces challenges ranging from high energy prices to subsidy rows and worker shortages.
Inflation crashes the party as ECB marks 25 years
The European Central Bank celebrates its 25th anniversary Wednesday but soaring inflation in the eurozone threatens to put a damper on festivities at the Frankfurt-based financial institution. Nevertheless, Lagarde has sought to strike an upbeat tone ahead of the anniversary, insisting last week there was a "strong cause for celebration".
AFP
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