AFP
13875 articles published since 08 Mar 2022
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Elon Musk says 'many mistakes' made since Twitter takeover
Twitter boss Elon Musk said running the social media network has been "quite a rollercoaster" and acknowledged "many mistakes" along the way, six months after he bought the company for $44 billion. Musk, in assessing his time in charge of the social media network since he took over in October, said it had been "a stressful situation over the last several months".
Volvo's shares up after record first quarter profits
Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry. In January, the truck-maker reported a slightly lower profit for 2022, despite a rise in sales, and warned that the "global supply chain for components is still unstable."
Building fever grips Greece as tourism booms
It's early morning in the picturesque village of Naoussa on the Greek island of Paros, and jackhammers are already echoing as locals ready for what they hope will be a record tourist season. "The tourist season this year will be the best ever," said Paros mayor Markos Kovaios, with the island's permanent population of 15,000 increasing five fold last summer.
Asian markets mixed as traders await key inflation report
Asian markets were mixed Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision-making. Analysts said the next few days could play a key role in market sentiment as Wednesday's consumer prices report will be followed by data on wholesale prices Thursday, then the start of the corporate reporting season on Friday.
Twitter working on AI despite Musk call for global pause: report
Elon Musk is advancing an artificial intelligence project at Twitter despite recently calling for an overall pause in developing such technology, US media reports said Tuesday.
Thailand's China-built high-speed rail, on track but delayed
One of Thailand's oldest railway stations is facing demolition as the kingdom presses ahead with a long-delayed Chinese-backed high-speed line that has caused unease about lost heritage and closer ties to Beijing. The junta led by Prayut pushed closer ties with China, leading some to fear that Thailand was abandoning its policy of trying to balance relations with Washington and Beijing.
Theranos founder Holmes heading for prison
Fallen US biotech star Elizabeth Holmes is to begin serving prison time this month after a judge denied her request to remain free while appealing her fraud conviction. She is scheduled to begin serving her time in prison on April 27.
Biden calls Russian jailing of US journalist 'totally illegal'
President Joe Biden on Tuesday called Russia's imprisonment of US journalist Evan Gershkovich on spying charges "totally illegal" and told The Wall Street Journal reporter's family he was working for a release. Gershkovich, an experienced reporter for The Wall Street Journal in Russia, was detained in Yekaterinburg, some 1,100 miles (1,800 kilometers) east of Moscow on March 29.
'Room for improvement' in global debt restructuring: Yellen
US Treasury Secretary Janet Yellen said on Tuesday there remains "considerable room for improvement" in the global debt restructuring process, as world leaders convene in Washington this week for key meetings. "There is considerable room for improvement in the international debt restructuring process," Yellen said in prepared remarks to a press briefing.
AFP
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