AFP
13875 articles published since 08 Mar 2022
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Indonesian farmers fight for their land in nickel mining boom
Three women with machetes stood guard at their farm hilltop on Indonesia's Wawonii Island, directing their blades towards the nickel miners working in the forest clearing below. - 'I will continue to fight' - Nickel miner PT Gema Kreasi Perdana (PT GKP), owned by one of Indonesia's wealthiest families, has two concessions on Wawonii totalling 1,800 hectares (4,450 acres).
China premier warns 2023 growth target 'no easy task'
China's new premier warned Monday that the country's five percent growth target for 2023 will not be "easy" to achieve, as its rubber-stamp parliament wrapped up over a week of meetings.
UAE's ADNOC Gas to start trading in $2.5bn IPO
UAE state energy company ADNOC's recently formed gas unit will launch on the Abu Dhabi stock market on Monday in a $2.5 billion initial public offering aimed at tapping high demand for the fuel.
Most Asian markets sink after US lender's collapse
Most Asian markets fell Monday as the closure of two regional US banks sparked fears of contagion in the financial sector, even as officials promised to support customers. US bank shares plunged Friday, and Asian lenders extended their own losses, with HSBC, National Australia Bank and Mitsubishi UFJ Financial Group all well down on Monday.
ECB seen hiking rates again, but for how much longer?
The European Central Bank is all but certain to raise interest rates again on Thursday, shifting analysts' attention to how much higher policymakers plan to go in the months ahead to tame inflation.
Swiss city Lucerne votes to restrict Airbnb rentals
The Swiss city of Lucerne voted Sunday to limit short-term rentals, including on the Airbnb platform, to a maximum of 90 days a year. With Sunday's vote, Lucerne will become the latest of a number of European cities that have taken steps to limit the effect of the Airbnb home rental platform on the housing market.
US govt rules out SVB bailout, wants to avoid 'contagion': Yellen
US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial "contagion" from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution.
Saudi unveils new airline to compete with Gulf rivals
Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha. Officials have in recent years tried to position Riyadh, in central Saudi Arabia, as a rival to business hub Dubai.
British tech sector 'at serious risk' after SVB collapse: govt
Britain's technology and life sciences sectors are at "serious risk" following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday. "There is a serious risk to our technology and life sciences sectors, many of whom bank with this bank," Hunt said in an interview with British television channel Sky News.
AFP
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