AFP
13875 articles published since 08 Mar 2022
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Australia targets Big Tobacco in crackdown on vaping
Australia announced a sweeping crackdown on vaping Tuesday, accusing tobacco companies of hooking the next "generation of nicotine addicts" by deliberately targeting teenagers. "Just like they did with smoking, Big Tobacco has taken another addictive product, wrapped it in shiny packaging and added flavours to create a new generation of nicotine addicts."
Qantas names Vanessa Hudson as first female chief executive
Australia's Qantas Group named Vanessa Hudson as its first female chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce. Hudson, who has been in Qantas' executive ranks for nearly three decades, will remain in her role as chief financial officer until then, the airline group said.
US may risk debt default 'as early as June 1': Yellen
The United States could run out of funds to pay its debt obligations -- triggering a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.
Relief at First Republic sale, but US banks still face pressure
JPMorgan Chase's takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from higher interest rates. "This deal does not change the rates, recession, and regulatory headwinds that regional banks are facing," UBS said.
US markets mixed after First Republic Bank takeover
Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week. - Central bank focus - Looking ahead, investors are closely eyeing the US Fed's next interest rate decision this week along with key data such as employment numbers.
Italy cuts anti-poverty subsidies as critics slam 'provocation'
Italy's right-wing government on Monday rolled back anti-poverty subsidies introduced four years ago that helped some four million people last year, as critics denounced a "provocation" on the international May Day labour holiday. Italy's INPS social security agency says the citizens' revenue benefited four million people last year, with an average monthly subsidy of 550 euros.
JPMorgan to buy First Republic after regulators seize control
US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.
Jack Ma takes up visiting professor post in Japan
Chinese billionaire Jack Ma on Monday took up a visiting professor position at a Japanese university, another new academic role for the founder of tech giant Alibaba. As visiting professor, the magnate is also expected to "provide advice and support" on research topics.
Hollywood writers strike looms as deadline nears
Hollywood faced a cliffhanger moment Monday as talks to avert a potentially catastrophic strike by thousands of TV and movie writers remained unresolved just hours before a crunch deadline. "I think everybody feels like there's going to be a strike," said one Los Angeles-based TV writer, who asked not to be identified.
AFP
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