AFP
13875 articles published since 08 Mar 2022
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US Justice Dept sues to block JetBlue-Spirit airline merger
The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law. On Tuesday, the Justice Department said removing Spirit from the travel market would "eliminate the unique competition" it provides as a low-cost carrier.
Gender pay progress stalls on 'motherhood penalty': study
There has been minimal global movement toward gender pay equality because many women still face a "motherhood penalty" after having children, a study said Tuesday. "The motherhood penalty -- the loss in lifetime earnings experienced by women raising children -- has become the most significant driver of the gender pay gap," PwC concluded in its report.
British architect David Chipperfield wins Pritzker prize
British architect and urban planner David Chipperfield won the 2023 Pritzker Prize, organizers of the profession's most prestigious award announced Tuesday. The Pritzker Prize was first awarded in 1979.
Germany angers EU after putting brakes on fossil fuel car ban
Berlin has upset EU partners by blocking a milestone agreement to ban new sales of fossil fuel cars from 2035, as German domestic politics takes the bloc hostage. The bloc was due to formally nod it into law on Tuesday but, in an unprecedented manoeuvre, Berlin now says it can not give its agreement.
US interest rate likely to peak higher than anticipated: Powell
US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in stronger than recent trends suggested, Federal Reserve Chair Jerome Powell said Tuesday. This was likely due to "unseasonably warm weather," said Powell in prepared remarks for a hearing before the Senate Banking Committee.
What next after World Bank pauses Tunisia partnership over racism row?
The World Bank has effectively suspended new lending to cash-strapped Tunisia after President Kais Saied sparked accusations of racism with incendiary comments against sub-Saharan African migrants. Malpass said in his email that the lender would "remain fully engaged" in Tunisia, and stressed that the safety of its many sub-Saharan African staff was a priority.
Lego expects further growth after record year: CEO
Lego, the world's number one toymaker, expects to continue to gain market share after reporting rising revenue and profits last year despite inflationary headwinds, the company's CEO told AFP Tuesday. "We do expect with our investments to continue to take market shares," the group's chief executive Niels Christiansen told AFP in an interview.
S.African economy sinks below pre-pandemic levels
South Africa's economy tumbled below pre-pandemic levels in the last three months of 2022 as record power shortages hit activity, official data showed Tuesday. - New electricity minister - South Africa's economy was badly hit by the Covid-19 pandemic, which amplified joblessness and poverty in one of the world's most unequal countries.
Macron vs the unions: What's at stake for France?
French President Emmanuel Macron is facing his biggest standoff with France's trade unions since coming to power in 2017, with the outcome of a series of strikes and protests over a pensions overhaul seen as decisive for both sides.
AFP
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