AFP
13875 articles published since 08 Mar 2022
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Kremlin warns it could widen foreign company asset seizures
The Kremlin warned on Wednesday that Russia could widen the list of foreign companies subject to temporary asset seizures in case of the "expropriation" of Russian assets abroad. "If necessary, the list of companies could be expanded," Kremlin spokesman Dmitry Peskov told reporters, a day after President Vladimir Putin signed a decree allowing asset seizures.
Power theft costs S.Africa's Eskom $55 million a month: ex-CEO
An average $55 million has been siphoned off every month from South Africa's energy firm Eskom which is battling to supply power, a former CEO told lawmakers on Wednesday. Andre de Ruyter said an estimated one billion rand ($55 million) "is stolen from Eskom" each month.
Dominant US dollar faces challenge from emerging currencies
As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status. "In many developing countries there is desire to be less dependent on the dollar, particularly on the trade side," said Paola Subacchi, professor of International Economics at the Global Policy Institute at Queen Mary University of London.
UK blocks Microsoft's $69-bn Activision takeover
Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming and leaving the blockbuster deal in peril. Yet it argued on Wednesday that the video games market needed competition to thrive.
Republican hopeful DeSantis talks trade, N. Korea in Seoul
Florida Governor Ron DeSantis met South Korea's prime minister in Seoul on Wednesday to discuss trade and North Korea's nuclear weapons on the second stop of his four-country trip before a possible presidential run.
Why are the US and China fighting over chips?
The United States has moved to block China's access to the most advanced semiconductors and the equipment and talent needed to make them in recent months, citing national security. The Dutch government followed suit in March this year, citing national security while imposing controls on foreign sales to prevent military use.
Fly me to the Moon: Firms lining up lunar landings
Japan's ispace on Wednesday became the latest company to try, and fail, at a historic bid to put a private lunar lander on the Moon. It had been due to land on the lunar surface on Wednesday, but communications were lost after it began its descent and ispace later concluded it had likely crashed.
EU to revamp budget rules to spur growth
The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending. EU member states' debts have since rocketed, and the only thing every country agrees on is the need to reform the pact.
Asian stocks off to shaky start after rout on Wall Street
Asian stocks were off to a shaky start on Wednesday following plunges on Wall Street fuelled by concerns for the banking sector and broader fears of recession. Shares of First Republic plunged 49 percent, pressuring other regional banks that have been seen as vulnerable.
AFP
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