AFP
13875 articles published since 08 Mar 2022
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TikTok seeks to calm Europe's fears over data privacy
TikTok launched a new effort to assuage European leaders' worries over data security on Wednesday, as Western governments consider further bans on the video-sharing app. Their initiative came as the Czech cyber watchdog issued its own warning, describing the Chinese-owned video-sharing app a security threat.
US private hiring heats up in February: survey
US employers stepped up their pace of hiring in February, payroll firm ADP said Wednesday, in a further indication that more effort may be needed to cool the world's biggest economy. Fed Chair Jerome Powell warned on Tuesday that policymakers are prepared to step up rate hikes -- and lift rates higher than previously anticipated -- if needed to cool inflation and the robust jobs market.
ECB chief vows to do 'whatever it takes' to tame inflation
European Central Bank president Christine Lagarde said Wednesday she will do whatever it takes to bring down high inflation and restore price stability. "We will restore that price stability and we will do whatever it takes," she said.
Fragrance firms hit by price cartel probe
European and American antitrust authorities are investigating some of the biggest names in the global fragrance industry over allegations they colluded to fix prices and thwart competitors, Switzerland's regulator said Wednesday.
US pick for World Bank says 'emission heavy' growth model outdated
The United States' candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The United States is the World Bank's largest shareholder.
France's EDF reports fresh crack in nuclear reactor pipe
French energy group EDF has reported discovering a significant new crack in a cooling pipe at a nuclear power plant on the Channel coast, in the latest such incident to plague the energy sector. The group last month reported the latest "serious corrosion problem" on an emergency cooling system at its Penly 1 plant in northern France which was among the 16 taken offline in the last year.
Adidas stuck with Yeezy gear after dropping Kanye
Adidas said Wednesday it was still weighing what to do with its huge inventory of Kanye West's Yeezy products after it ended its partnership with the controversial rapper. As a result, the group ended production of the highly successful Yeezy line designed together with West.
Hong Kong's Cathay Pacific posts first operating profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual operating profit since 2019 as it fights to return to pre-pandemic flight capacity. The company said in its earnings statement Wednesday that it operated at one-third of pre-pandemic passenger flight capacity in December but expects to reach 70 percent by the end of 2023.
Kenyan innovators turn e-waste to bio-robotic prosthetic
Two portraits of Albert Einstein hang on the walls of a makeshift laboratory on Nairobi's outskirts, inspiring a pair of self-taught Kenyan innovators who have built a bio-robotic prosthetic arm out of electronic scrap. The pair hope to turn their prosthetic arm and other innovations into a thriving business.
AFP
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