AFP
13875 articles published since 08 Mar 2022
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Jury orders Tesla to pay former worker in racism case
A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant. The verdict in the retrial was a victory of sorts for Tesla, which had been ordered to pay Owen Diaz $137 million by a jury when the original trial ended in October 2021.
Australia bans TikTok on government devices
Australia said Tuesday it will ban TikTok on government devices, joining a growing list of Western nations cracking down on the Chinese-owned app due to national security fears. Australia is the last member of the secretive Five Eyes security alliance to pursue a government TikTok ban, joining its allies the United States, Britain, Canada and New Zealand.
Disney chief says Florida punishing its free speech
Disney chief Robert Iger on Monday said Florida's governor's is retaliating against the entertainment giant for exercising its right to free speech in an anti-business move that "seems really wrong." "Any action that thwarts those efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida."
L'Oreal buys Australian brand Aesop from Natura in $2.5 bn deal
L'Oreal announced Tuesday the signing of an agreement with Brazil's Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion. Natura bought British cosmetics company The Body Shop from L'Oreal in 2017.
Soaring inflation wallops Cubans already battling shortages
Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. For the equivalent of $1.42 in CUP, Castellanos can get 3.1 kilograms (seven pounds) of rice, a half-liter of oil, seven eggs, 1.3 kg of black beans, 2.7 kg of chicken and a packet of coffee for the month at a dedicated subsidized store.
ADB says developing Asia's growth to accelerate after China reopening
The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects. "Developing Asia's economic prospects are markedly improving on the rapid reopening in the People's Republic of China," the ADB said in its flagship outlook report.
Oil market surges on shock output cuts
World oil prices soared Monday while equity markets mostly won modest increases after several top producers led by Saudi Arabia sprang surprise output cuts. The Kremlin also defended the decision, saying it was "in the interests of global energy markets for world oil prices to remain at a good level."
Trump, Trump, Trump -- US TV turns to old habits
Call it "Trump Cam." On Monday afternoon's showing of "Trump Cam," that didn't matter.
Mixed auto sales in US paint murky picture of car consumers
Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior. "We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape and we sold more than 20,000 EVs in a quarter for the first time," Carlisle said, referring to electric vehicles.
AFP
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