AFP
13875 articles published since 08 Mar 2022
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US bank deregulation 'may have gone too far': Treasury Secretary
Recent banking sector turmoil is a reminder that work on reforms remains unfinished, and there is a need to "consider whether deregulation may have gone too far," US Treasury Secretary Janet Yellen plans to say Thursday. Referring to banking turmoil and the pandemic, she said: "These events remind us of the urgent need to complete unfinished business."
Swiss court convicts four bankers over Putin cellist funds
Four bankers from a Russian bank's Swiss branch have been found guilty by a Zurich court over vast sums going into the accounts of a close confidant of President Vladimir Putin.
Streaming films more diverse than cinematic releases: study
Films released by streaming services are more racially representative and more likely to have female leads than those that debut in theatres, a study released Thursday showed. A third of streaming films had a minority actor in the lead role last year, while only 22 percent of theatrical releases did, the report said.
EU deal to nearly double renewable energy by 2030
The European Union reached a deal Thursday to almost double the share of renewables in the 27-nation bloc's energy consumption by 2030 amid efforts to become carbon neutral and ditch Russian fossil fuels.
Musk's AI letter is a 'hot mess' of hype, say critics
A letter signed by Elon Musk and hundreds of experts calling for a pause in the development of artificial intelligence is a "hot mess" of "AI hype" that even misrepresents an academic paper, critics say. Her co-author Emily Bender said the letter was a "hot mess" and was "just dripping with AI hype".
H&M beats expectations by staying in the black
Swedish clothing giant H&M said Thursday its net profit more than doubled in the first quarter, defying expectations as analysts were expecting a loss. Analysts surveyed by Bloomberg were expecting an average loss of more than one billion kronor.
Canada revs up its EV batteries manufacturing
As the world accelerates toward emissions-free driving, Canada is making a big push into batteries for electric vehicles -- touting tax incentives, bountiful critical minerals and clean energy to attract multinationals.
Fruit in crisis: Florida's orange groves buffeted by hurricane, disease
Vernon Hollingsworth grew up in Florida among his family's orange trees, recently ravaged by a double whammy of disease and a hurricane that have sent juice prices spiraling and left farmers blinking in disbelief. In Florida, the world's second largest producer of orange juice after Brazil, groves have been suffering from a citrus tree disease called Huanglongbing (HLB) for the last 17 years.
Australian parliament approves emissions caps on big polluters
Breakthrough climate laws passed by Australia on Thursday will target the nation's worst polluters, forcing coal mines and oil refineries to curb emissions by about five percent each year. Aluminium smelters, coal mines, oil refineries and other large polluters will be forced to cut their emissions by 4.9 percent each year.
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