AFP
13875 articles published since 08 Mar 2022
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US government seeks to avoid 'bailout' label amid banking turmoil
US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized. The way the 2008 crisis was managed had provoked criticism, given rise to the Occupy Wall Street movement, and fuelled resentment towards banks.
Venezuela's oil minister resigns over graft probe
Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA. Anti-corruption police on Sunday arrested two people closely linked to El Aissami: top PDVSA official Antonio Perez Suarez, and Joselit Ramirez, who manages oil industry funds through cryptocurrencies.
BBC urges staff to ditch TikTok over data fears
The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears. Western authorities have been taking an increasingly firm approach to the app, owned by the firm ByteDance, citing fears that user data could be used or abused by Chinese officials.
French govt survives no-confidence votes in pension fight
The French government under President Emmanuel Macron on Monday survived two no-confidence motions in parliament, but still faces intense pressure over its handling of a controversial pensions reform.
N.Ireland unionists oppose key part of Brexit trade deal
Northern Ireland's largest pro-UK party said Monday they oppose a crucial part of a new post-Brexit trade pact for the British province agreed by London and the European Union. Wrangling over post-Brexit trade soured relations between London and Brussels and unsettled Northern Ireland, nearly 25 years on from a peace deal that ended three decades of armed conflict.
Media mogul Murdoch, 92, engaged for fifth time
Conservative media tycoon Rupert Murdoch will tie the knot for the fifth time, at the age of 92 years, he said Monday in an interview with his own newspaper, the New York Post. He and his second wife, Anna, a newspaper reporter, were together more than 30 years before divorcing in 1999.
UN 'survival guide' report a stark warning on climate
Devastating climate impacts are hitting faster than expected as the world teeters on reaching the 1.5 degree Celsius warming limit in a little over a decade, the UN said Monday. The level of greenhouse gas emission reductions this decade will "largely determine" whether humanity can limit global warming to two degrees Celsius since preindustrial times, or the safer 1.5C, the UN expert report said.
EU agrees 2-billion-euro ammunition plan for Ukraine
European Union foreign ministers agreed Monday on a two-billion-euro plan to raid their own arsenals and jointly purchase desperately needed artillery shells for Ukraine, diplomats said. Diplomats said the plan targets sending the first one billion euro's worth of shells to Ukraine by the end of May and signing the joint contracts by the start of September.
UN chief: rich nations must achieve net zero carbon quicker, by 2040
UN Secretary General Antonio Guterres called on wealthy countries Monday to move up their goals of achieving carbon neutrality as close as possible to 2040, mostly from 2050 now, in order to "defuse the climate time bomb." Rich countries should commit to achieving carbon neutrality as close as possible to 2040, he said, "the limit they should all aim to respect."
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