
AFP
13876 articles published since 08 Mar 2022
13876 articles published since 08 Mar 2022
Migrants, vaccines, pedophilia rings -- old conspiracy theories are resurfacing ahead of the US election despite being repeatedly debunked, in what researchers call "zombie" falsehoods that appear to resonate with polarized voters. Yet it later grew into the sprawling QAnon conspiracy movement, which gained popularity ahead of the 2020 election.
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. Tesla is committed to "company-wide cost reduction" as part of an effort to achieve "profitable growth," it said.
Starbucks is set to hold talks with labor representatives from stores that have voted to unionize in a key step towards reaching contracts, both sides said Tuesday. "This is a positive step toward achieving our December goal of reaching ratified contracts for represented stores in 2024."
A French police trade union threatened Tuesday to disrupt the Olympics torch relay ahead of the start of the Paris Games this July unless officers were given bonuses. The Alliance union said that the French prime minister's office and economy ministry were holding up special Olympics payments promised to police of as much as 1,900 euros ($2,032).
French air traffic controllers are to stage a one-day strike Thursday that risks seeing most flights cancelled at the two main Paris airports, France's leading aviation association warned Tuesday. He said 75 percent of flights could be cancelled at Paris Orly airport and 65 percent at Charles de Gaulle, the capital's main airport.
Argentina's spending-slashing new President Javier Milei has hailed his country's first quarterly budget surplus since 2008 as an "historic achievement." This amounted to a surplus of 0.2 percent of GDP. "This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.
General Motors reported higher profits Tuesday thanks to continued strength in North America that offset a loss in its China business, enabling the carmaker to lift its forecast. GM's strength in its home market helped offset an operating loss of about $100 million in GM's China operation.
Sales of new homes across the United States increased sharply last month, according to fresh government data published Tuesday, though February's numbers were revised lower. "Home sales surprised to the upside in March," High Frequency Economics chief US economist Rubeela Farooqi wrote in a note to clients, adding: "The data can be volatile month-to-month and subject to revision."
EU lawmakers voted on Tuesday to ban products made using forced labour which supporters hope will be used to block goods from China, at the risk of raising tensions with Beijing. The law does not directly mention China, but many lawmakers hope it will be used to block imports from China involving the region where the Uyghur Muslim minority lives.
AFP
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