AFP
13875 articles published since 08 Mar 2022
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Asian markets mostly down as US inflation moves into focus
Asian markets struggled Tuesday as investors eyed the release of US inflation data later in the week that could play a key role in shaping the Federal Reserve's interest rate plans. National Australia Bank's Rodrigo Catril said: "The survey revealed a modest deterioration in lending standards to business at a rate that was slightly higher than in January.
Biden urges 'fair deal' for striking Hollywood writers
US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood promptly get a "fair deal" on contract negotiations. "I sincerely hope the writers' strike in Hollywood gets resolved and writers are given the fair deal they deserve as soon as possible," he said during a film screening at the White House in honor of the Asian-American community.
Biden meets Republican leaders in debt limit standoff
President Joe Biden will convene a high-stakes meeting with Republican leaders Tuesday in hopes of breaking an impasse over the US debt limit -- with repercussions that could extend to next year's presidential election. Failure to address the debt limit impasse may not just trigger Wall Street turmoil, but could impact Biden politically as he forges ahead into a re-election campaign.
Pakistan buys Russian oil but sees diversified future
Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country's petroleum minister says the future lies in diversified, especially green, energy. Malik confirmed that a first order was placed for Russian oil and would arrive within a month in Pakistan, which will then assess how much to import in the future.
AI could replace 80% of jobs 'in next few years': expert
Artificial intelligence could replace 80 percent of human jobs in the coming years -- but that's a good thing, says US-Brazilian researcher Ben Goertzel, a leading AI guru. "You could probably obsolete maybe 80 percent of jobs that people do, without having an AGI, by my guess.
Facebook's Zuckerberg wins gold in jiu-jitsu tournament
Facebook founder Mark Zuckerberg took part in his first jiu-jitsu martial arts tournament on Saturday and went home with silver and gold medals, he posted on social media. "Competed in my first jiu-jitsu tournament and won some medals for the Guerrilla Jiu-Jitsu team," Zuckerberg wrote on Facebook and Instagram.
Eyeing White House bid, DeSantis targets Chinese influence
Florida Governor and likely presidential candidate Ron DeSantis signed multiple bills Monday aimed at curbing Beijing's growing sway -- restricting real estate purchases in the southern US state by Chinese nationals and tightening access to video-sharing app TikTok.
US banks expect to tighten lending standards on sector worries
US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday. Asked about their outlook for lending standards over the rest of 2023, "banks reported expecting to tighten standards across all loan categories," the Fed said on Monday.
Virgin to launch commercial spaceflights in June
Space tourism company Virgin Galactic announced Monday that it is resuming flights with a mission this month, its first in nearly two years, and the launch of commercial trips in June. Virgin Galactic is in competition in the space tourism business with Amazon founder Jeff Bezos' Blue Origin, which also offers short suborbital flights and has sent 32 people into space.
AFP
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