AFP
13875 articles published since 08 Mar 2022
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Asian markets tumble as bank worries spread from Wall Street
Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates. Major US banks suffered hefty losses, with Wall Street titans including JP Morgan and Goldman Sachs sharply lower.
Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter
TikTok's latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face. Quietly released to the app's more than a billion users, Bold Glamour convincingly blends a user's real face with an AI-generated ideal of a supermodel, drawing both laughs and alarm.
Japan parliament approves new central bank chief Ueda
Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda. Ueda told lawmakers last month that he saw the "continuation of monetary easing as appropriate", warning of uncertainty in financial markets and the global economy.
NASA to reveal crew members in April for flight around Moon
NASA will announce the names next month of the four astronauts -- three Americans and one Canadian -- who will fly around the Moon next year, the head of the US space agency said Thursday.
Ex-Goldman banker sentenced to 10 years in 1MDB scandal
A US judge in New York on Thursday sentenced former Goldman Sachs banker Roger Ng to 10 years in prison following his conviction in the massive 1MDB bribery scandal. A New York jury in April 2022 found Ng guilty in the scheme involving the state-owned Malaysian investment fund 1MDB following testimony from Tim Leissner, another former Goldman Sachs banker and a co-conspirator.
Chief exec for US derailed toxic chemicals train pledges better safety
The head of US rail company Norfolk Southern pledged Thursday to improve safety practices and to quickly address clean-up need after its train derailed and spilled toxic chemicals in an Ohio town last month.
Russia, UN set for Ukraine grain deal renewal talks
Russia and the United Nations will hold talks in Geneva on Monday on renewing the Ukraine grain export deal, with the UN saying the fate of millions rested on its extension. More than 23.7 million tonnes have been exported under the UN and Turkey-brokered Black Sea Grain Initiative, according to the United Nations.
US firm bids to stop contested DR Congo oil auction
A US investment firm has proposed to stop a controversial oil auction in DR Congo's rainforests, bidding to exploit carbon credits instead of drilling in the environmentally sensitive areas. In the DRC's Cuvette Centrale region -- one of the most sensitive areas comprising forests and peatlands -- bidding ends in July and August.
Prada touts strong profits despite China sales slump
Italian luxury group Prada said Thursday its profits jumped in 2022 as strong sales in Europe and the United States offset declines in China, and that it expects its sales to outpace the market this year.
AFP
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