AFP
13875 articles published since 08 Mar 2022
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'Really hard' -- the life of an Amazon Brazil nut harvester
Assailed by mosquitoes and wary of snakes, Jorge Lengua walks watchfully through the Bolivian Amazon collecting Brazil nuts from the forest floor. He places them in a basket on his back before dumping them on a collective heap on the forest floor.
Boeing shares dive on latest MAX issue
Shares of Boeing tumbled Friday after the company disclosed a problem with a supplier part on the 737 MAX that is expected to slow deliveries of new jets. "We expect lower near-term 737 MAX deliveries while this required work is completed."
China, Brazil urge developed nations to meet climate finance vows
China and Brazil on Friday called on developed countries to honour their climate finance pledges, after their leaders put their close economic and diplomatic ties on full display at a meeting in Beijing. "We urge developed countries to honour their unfulfilled climate finance obligations, and... provide a clear roadmap of doubling adaptation finance."
UK sex workers take more risks due to cost-of-living crunch
Britain's cost-of-living crisis is pushing more of its sex workers into taking potentially dangerous risks in order to make ends meet. "One of the main challenges I face as a sex worker is the potential risk of violence -- not because sex work is inherently dangerous, but as a direct consequence of it being both criminalised and heavily stigmatised."
Foreign aid stalls as Africa's debt spirals
Africa is battling decades-high levels of debt after the pandemic and Russia's invasion of Ukraine, but the international community is struggling to agree on extending its financial support for the region. The International Monetary Fund (IMF) said in a report Friday that public debt and inflation in sub-Saharan Africa were "at levels not seen in decades".
Kenya's Ruto vows to slash price of food staple
Kenya's President William Ruto announced on Friday that he would slash the price of a key food staple as anger over skyrocketing inflation fuels protests in the East African nation. The violent protests have also focused on the economic crisis facing Kenyans, with many slamming Ruto for removing subsidies for fuel and maize flour as inflation bites.
Mars CEO sees 'moral' duty in tackling climate change
The new chief executive of Mars, maker of M&M's sweets, chewing gum and pet food, says companies have a "moral" duty to reduce their environmental footprint as the world battles climate change. The family-owned multinational, whose brands include the Mars and Snickers chocolate bars, Pedigree pet food and Wrigley's chewing gum, aims to reach net-zero emissions by 2050.
Large US banks report higher profits despite recent industry turmoil
JPMorgan Chase reported a jump in first-quarter profits Friday alongside fellow banking giants Citigroup and Wells Fargo, in reassuring news to investors after recent banking sector turmoil sparked contagion fears. JPMorgan Chase reported a drop in deposits compared with the year-ago period, but an uptick from the prior quarter.
US retail sales post steeper fall than expected: govt
Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy. The data also follows a trend of slowing price increases, with inflation cooling to 5.0 percent last month -- the smallest annual jump since May 2021.
AFP
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