AFP
13875 articles published since 08 Mar 2022
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Boom and bust: Quakes define legacy of Turkey's 'Erdonomics'
The earthquake's frightening rumble came deep in the night.
Pricey training complicates US pilot diversity push
Caitlyn Blanco realized early on that there was no ready template to follow in her quest to become a professional pilot. Chebli was bitten by the aviation bug early, but not knowing any pilots, pursued a career in information technology.
Airlines, unions in rare unity on US pilot diversity drive
Airlines and unions disagree on many aspects relating to today's tight labor market, but concur on at least one thing: the need to diversify the pilot workforce pool. The alignment stood out because Ambrosi and Black disagreed about key elements in today's employment market, including whether a pilot shortage exists.
Buffett faults US government handling of banking crisis
Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional banking crisis had been "poor," suggesting that is why confidence has not returned among consumers. Four regional banks have been caught up in crisis since the beginning of March in the United States, three of them subsequently taken over by other institutions with the help of authorities.
Biden says Republicans holding US economy 'hostage'
President Joe Biden accused Republicans on Friday of holding the US economy "hostage" by refusing to pass a debt limit increase unless he first agrees to "draconian" budget cuts. "They're trying to hold the debt hostage to (get) us to agree to some draconian cuts," Biden said at a White House meeting on the economy.
Chinese fast fashion giant Shein denies low prices due to forced labour
Chinese cut-price fast-fashion giant Shein defended its business model in an interview with AFP, saying demand-based production accounted for its low prices and not forced or cheap labour. Founded in China in 2008, Shein has swiftly claimed a top place in the global fast-fashion marketplace, offering young social-media-savvy customers low-priced collections that turn over at a steady clip.
US perfume giant Coty weighs Paris stock listing
US perfume and beauty products giant Coty said Friday that it was looking at a second stock listing in Paris as part of its efforts to strengthen its presence in Europe.
US hiring shows surprise surge as unemployment falls
Hiring in the United States picked up pace in April and unemployment returned to the lowest level in decades, government data showed Friday, defying expectations of a slowdown despite higher interest rates.
Germany considers electricity price cap for industry
Germany's Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism.
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