AFP
13875 articles published since 08 Mar 2022
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India's troubled Adani invests in bankrupt Sri Lanka
Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by India's scandal-hit Adani group. The project comes after Sri Lanka awarded Adani a $700 million strategic port terminal project in Colombo in 2021.
Chinese livestreamers flock outdoors for late-night tips
In the dead of night on a bridge in southern China, around two dozen livestreamers sat crooning and chatting into microphones, their identical ring lights spaced a few metres apart in glowing rows. Livestreaming on apps like Douyin, which said it had 600 million users in 2020, is a popular way to make money in China.
Asian markets mixed but little joy as traders eye more Fed hikes
Markets were mixed Thursday, with little buying enthusiasm after minutes from a Federal Reserve policy meeting indicated interest rates will likely keep rising longer than previously feared. "Almost all participants agreed that it was appropriate to raise the target rate for the federal funds rate 25 basis points at this meeting."
Dubai housing boom buoys buyers, burdens tenants
With rents soaring and properties selling fast, the expatriate hub of Dubai is in the throes of a housing boom bolstered by rich emigres that has buoyed investors and burdened tenants. But the housing boom has made it more expensive for them to live in the city.
Bosnian furniture sector spurs economic growth
The screech of chainsaws echoes through a Bosnian forest edged by snowy peaks, where lumber is to be crafted into high-end furniture to adorn European or South Korean homes. Eldin Sabeta, head of sales at Standard Furniture Factory -- one of the country's largest exporters, said Bosnian producers have consistently crafted superb products at more affordable prices compared to many competitors.
World Bank hopes to select new chief by May
The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early. A week ago, he made a surprise announcement that he would leave his post nearly a year before his term was due to expire in 2024.
Coffee harvest plunges amid Central American exodus
Nestled in the mountains of central Honduras, the "El Encanto" coffee farm is tackling this year's harvest with half the pickers it needs. Last year, the farm hosted 70 pickers, said Montero.
Online manipulation, hate 'must stop': UN conference
Digital platforms have changed how we interact, and urgent action is needed to stop the manipulation of users and hate speech, a UN conference in Paris heard Wednesday. As a result of the conference, UNESCO aims to draw up global guidelines to fight disinformation and hate speech for governments, regulatory bodies and digital companies by mid-2023. lp-ah/sjw/fb
Milan Fashion Week opens with celebrity stardust, industry growth
Gucci, Dolce & Gabbana, Fendi and Missoni are among Italy's top labels showing at Milan Fashion Week starting Wednesday, with the industry buoyed by bumper sales results despite war-fuelled economic uncertainty. "Perhaps we could do even better but there is a war on Europe's doorstep, uncertainty about energy costs -- and we hope that China is out of the pandemic," Capasa told reporters Tuesday.
AFP
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