AFP
13875 articles published since 08 Mar 2022
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Asian markets pick up but traders worry over looming rate hikes
Asian markets bounced Tuesday on bargain-buying after suffering a series of losses over fears the Federal Reserve will push interest rates higher than expected and for longer than feared as it battles stubborn inflation. "It's becoming increasingly clear to the market that the Federal Reserve is not yet finished with rate hikes," Seema Shah, at Principal Asset Management, said.
Breaking new ground, video game engages with Holocaust
Tackling one of the greatest human tragedies, a new video game has been released in which players adopt roles in a Jewish family torn from their home during the Holocaust and sent to an internment camp.
Countries meet to halt wide-ranging threats against oceans
The world's oceans and the multiple threats they face, from climate change and pollution to overfishing and mining, will be the focus of a global conference in Panama this week. "This vital asset is in danger from global warming, unsustainable practices, illegal fishing, reckless pollution, and the loss of marine habitats," it added.
Report of new Twitter staff cut as Musk turmoil grows
Word of more layoffs at Twitter came Monday as its owner Elon Musk waded into a racism controversy giving advertisers more reason to steer clear of the struggling platform. Since Musk took ownership of Twitter, the platform has been riven by chaos, with mass layoffs, the return of thousands of banned accounts and major advertisers fleeing.
Mexico's Pemex posts first annual profit in decade
Mexican state energy giant Pemex on Monday reported its first annual profit in a decade thanks to higher oil demand and prices. Like other international oil majors, it has staged a strong rebound on the back of higher energy prices fueled by rising demand and supply concerns fueled by Russia's invasion of Ukraine.
Elegance and sensuality grace Milan Fashion Week
Women's Fashion Week ended in Milan on Monday. - Winter lingerie - The effects of climate change made themselves felt on the Milan podiums, where winter collections were diaphanous and revealing, and lingerie much in evidence.
Curse or blessing? In Uganda, oil project gets mixed reviews
On the teeming savannah of northwest Uganda, antelopes gaze beyond a metal fence as a giant rig is raised above cleared tracts of grasslands to make way for oil drilling.
Nestle to close factory, head office in Myanmar
Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday, the latest firm to draw back from the country after a military coup two years ago. A Myanmar firm would instead market and distribute Nestle products from Thailand, Malaysia and the Philippines, the spokesperson said.
UK-EU Brexit fix: What's at stake?
An agreement between Britain and the European Union over post-Brexit trade rules in Northern Ireland appears imminent. It keeps the province in the EU's single market and customs union, requiring oversight from European courts and mandating checks on goods arriving from mainland Britain.
AFP
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