AFP
13875 articles published since 08 Mar 2022
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British Airways parent IAG flies back into annual profit
IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a return to profit in 2022 as the global aviation sector reopened from Covid lockdowns. Gallego added that IAG would look to return to much higher pre-Covid profit levels "within the next few years".
S.Africa's Eskom gets interim head after CEO's sudden exit
Beleaguered South African power utility Eskom appointed an interim CEO on Friday, capping a week of high drama marked by a bombshell interview in which the firm's previous head accused the ruling party of graft. John Steenhuisen, the head of the leading opposition party, the Democratic Alliance (DA) said the former CEO was "a national hero."
Inside Pique's Kings League, turning sport to spectacle
A masked La Liga player, a special card to send off an opponent, club presidents taking penalties and Gerard Pique himself opining on a new rule voted for by viewers. La Liga president Javier Tebas labelled it a "circus" but despite its initial success, the Kings League does not want to threaten the classic model.
Telecom firms aim to shrug off slump at annual get-together
Telecom companies will aim to put a positive spin on their current slump in fortunes when they gather in the Spanish city of Barcelona on Monday for the annual Mobile World Congress (MWC), the biggest event in the industry’s calendar. However, the MWC is unlikely to see the launch of many flashy new handsets, with most companies preferring to hold their own dedicated events.
Crumbling Pakistan economy puts children's futures on hold
Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest her weary legs. Nadia's family, meanwhile, eat only twice a day, have stopped buying milk, and consider meat an unobtainable luxury.
Modi calls for World Bank reform at G20 finance meet
Indian Prime Minister Narendra Modi added his voice Friday to calls for the reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met. This is partly because they have been slow to reform themselves," Modi said by video link as the two-day gathering began.
Asian markets mixed, Tokyo boosted by BoJ nominee
Asian markets were mixed Friday, with traders still occupied by long-running interest rate worries, though Tokyo rallied after the man tipped as Japan's next central bank head made the case for keeping its ultra-loose policy.
Facebook, Instagram roll out paid subscription in Australia, New Zealand
Facebook and Instagram began a week-long rollout of their first paid verification service on Friday, testing users' willingness to pay for social media features that until now have been free. Some commentators have expressed puzzlement at why Facebook and Instagram would adopt a verification-subscription strategy that rival Twitter tried just weeks ago -- with less than stellar results.
Bank of Japan's next chief says monetary easing 'appropriate'
The Bank of Japan's longstanding monetary easing policies are "appropriate", its next governor Kazuo Ueda told parliament on Friday, suggesting no sudden changes to the bank's stance when he takes the helm in April. Ueda said Friday he saw the "continuation of monetary easing as appropriate".
AFP
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