AFP
13875 articles published since 08 Mar 2022
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Most Asian markets drop after recession warning, rate hike seen
Asian markets mostly fell Thursday after minutes from the Federal Reserve's most recent policy meeting showed officials saw a US recession at the end of the year, while inflation data could not temper expectations of another interest rate hike.
Dominion v. Fox News: major defamation case heads to trial
A closely-watched civil trial that pits vote machine maker Dominion against Fox News and tests the extent of free speech rights for media in America -- even when broadcasting alleged election falsehoods -- is due to start Thursday with jury selection.
US banks face increased scrutiny of Q1 results after SVB collapse
Roughly a month after Silicon Valley Bank's collapse sparked fears of contagion, quarterly earnings reported this week are expected to focus on bank liquidity and the industry's preparation in case of recession.
World Bank members endorse moves to boost lending by $50bn over decade
World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing president David Malpass said Wednesday.
Brazil clamps down on social media after school attacks
Brazil's government on Wednesday announced new restrictions on social media, aiming to curb an "epidemic" of violent school attacks one week after a hatchet-wielding assailant killed four children. Last Wednesday four children between four and seven years old were killed in a preschool in Blumenau, a city in southern Santa Catarina state, when a man carrying a hatchet stormed the facility.
Egypt's Sisi meets UAE leader amid economic woes
Egyptian President Abdel Fattah al-Sisi on Wednesday welcomed his Emirati counterpart Sheikh Mohamed bin Zayed al Nahyan in Cairo, his latest meeting with a leader from the oil-rich Gulf amid his country's economic crisis.
Juul to pay $462 mn in latest US youth vaping settlement
Juul agreed to pay $462 million to six states and the District of Columbia to settle charges that it violated numerous laws in marketing tobacco products to youth, prosecutors said Wednesday.
3D-printed rocket maker to focus on bigger vehicle for commercial launches
Relativity Space, an aerospace startup that carried out the first test flight of a 3D-printed rocket, announced Wednesday that it will focus on a bigger rocket to compete for commercial launches with SpaceX and other companies. Although it failed to reach orbit, the test flight proved that the rocket -- whose mass is 85 percent 3D-printed -- could withstand the rigors of liftoff and space flight.
UK, US sanctions target Russian oligarch Usmanov and Cypriot 'fixers'
Britain and the US targeted fresh sanctions Wednesday at Russian oligarch Alisher Usmanov and Cyprus-based "financial fixers" who allegedly help mask his assets as well as those of fellow Russian billionaire Roman Abramovich.
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