AFP
13875 articles published since 08 Mar 2022
Author's articles
Asian stocks mixed after lacklustre session on Wall Street
Asian shares were mixed in early trade on Thursday, following a session on Wall Street that saw major indices sink despite a surge in tech.
BP faces angry shareholders over climate plans
Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors. "We recognise that some shareholders and other stakeholders may have different perspectives on the decisions we take," the BP board said in response to the resolution.
Out of gas in orbit? This US space company is here to help
The US company Orbit Fab is aiming to produce the go-to "gas stations" in space, its CEO tells AFP, hoping its refueling technology will make the surging satellite industry more sustainable -- and profitable. Orbit Fab also aims to serve private space stations currently under development.
Samsung Electronics logs worst quarterly earnings in 14 years
Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business. The company said that "overall consumer spending slowed amid the uncertain global macroeconomic environment".
Meta surges as earnings beat expectations after belt tightening
Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs. The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.
Republicans pass bill to avert US debt crisis, slash spending
US Republicans voted Wednesday to raise the national borrowing limit, but only in conjunction with drastic cuts, as they sought a showdown with President Joe Biden over "excessive" spending with a potentially ruinous credit default looming.
Fugees rapper Pras Michel guilty in corruption scheme
Pras Michel, a rapper in the 1990s hit trio The Fugees, was found guilty Wednesday of helping funnel money from a billion-dollar Malaysia scam into US politics. Michel helped Low funnel the donations through shell companies, breaking laws that make it illegal for foreign nationals to contribute money to US political campaigns.
Brazil court suspends Telegram app in neo-Nazi probe
A Brazilian court on Wednesday ordered the countrywide suspension of messaging app Telegram after its parent company failed to provide data sought by authorities on neo-Nazis operating on the network, officials said.
Theranos founder Holmes stays out of prison with appeal
Fallen US biotech star Elizabeth Holmes will stay out of prison for now after her lawyers lodged a last-minute appeal to avoid starting her 11 year sentence. Her lawyers on Tuesday informed a US judge that they were appealing that decision, meaning she could remain out of prison for the time it took to decide that request.
AFP
Load more