AFP
13875 articles published since 08 Mar 2022
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Troubled investment bank China Renaissance suspends share trading
Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results.
'It hurts': DR Congo currency drops amid war spending, arrears payments
A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics. The economist, who declined to be named, said that government spending had gone on imports likely related to the conflict, as well as on salary arrears for public servants.
Oil prices soar as producers unveil shock output cut
Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.
Business confidence slumps among Japan's big manufacturers
Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. A positive figure means more businesses feel optimistic than pessimistic.
Oil powers announce surprise cuts of more than 1 million bpd
Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market. A Saudi energy ministry official "emphasised that this is a precautionary measure aimed at supporting the stability of the oil market", the official Saudi Press Agency said.
Swiss prosecutors say investigating UBS-Credit Suisse merger
Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse. Both UBS and Credit Suisse, Switzerland's second-biggest bank, are among a select group of lenders deemed "too big to fail" due to their importance to the global banking system.
Dutch refinery to feed airlines' thirst for clean fuel
Scaffolding and green pipes envelop a refinery in the port of Rotterdam where Finnish giant Neste is preparing to significantly boost production of sustainable aviation fuel. "With the production facilities of Neste in Rotterdam and Singapore, we can meet the mandate for EU in 2025," said Jonathan Wood, the company's vice president for renewable aviation.
European aviation sector fears CO2 rules could clip its wings
European airlines fear losing out to rivals based outside the EU that can ignore the bloc's emissions-reduction rules to become carbon neutral by 2050. - 'Stop being naive' - Carbon dioxide emissions from aviation have been included in the EU emissions trading system since 2012.
Barcode turns 50 but its days might be numbered
The patch of irregular vertical lines that revolutionised checking out at the supermarket and facilitated the globalisation of retail is turning 50. It has become so integrated in the shopping experience that it is easy to forget how much the technology revolutionised retail by speeding up the checkout process and giving retailers the ability to trace products and better manage inventory.
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