AFP
13875 articles published since 08 Mar 2022
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Russian oligarchs' superyachts on sanctions radar
Luxurious superyachts owned by Russian oligarchs reportedly close to the Kremlin have proved difficult to seize under Western sanctions imposed over Moscow's war in Ukraine. Abramovich has been hit with sanctions by Britain and the EU, though not the US, for his close ties to Putin.
Hong Kong unveils US$97 billion post-pandemic budget
Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery. The budget will push the city's books into the red for a second consecutive year, but by less than some forecasters initially feared, with an estimated deficit of HK$54.4 billion.
Thai farmers tap into sustainable rubber industry
By the light of a head torch, Wanida Hityim deftly strips bark from a rubber tree, collecting the milky latex as she explains why she's among a small number of Thai farmers trying to work more sustainably.
Asian markets drop as traders contemplate higher-for-longer rates
Asian markets sank Wednesday following hefty losses on Wall Street as still-strong economic data fanned expectations that US interest rates will go higher and stay there longer than expected. "Investors should expect volatility until markets and central bankers come to agreement on the expected path for interest rates."
US railroad company ordered to pay for cleanup of toxic derailment
The US government ordered the Norfolk Southern railroad company on Tuesday to pay the entire cost of the cleanup of a toxic train derailment in the midwestern state of Ohio. "If the company fails to complete any actions as ordered by EPA, the Agency will immediately step in, conduct the necessary work, and then seek to compel Norfolk Southern to pay triple the cost," the EPA said.
Hidden Colombia canyon transformed from rebel route to tourist draw
For years, the crystal clear river flowing between giant boulders served as a strategic guerilla route in Colombia's bloody armed conflict.
Some UK supermarkets limit fruit and veg sales
Some UK supermarkets have introduced limits on customer purchases of some fruit and vegetables due to "sourcing challenges" blamed on weather conditions in southern Europe and north Africa, the industry said Tuesday.
IMF chief welcomes Kyiv's anti-corruption efforts
The head of the International Monetary Fund, a key financial backer of Ukraine in its fight against Russia, hailed on Tuesday Kyiv's efforts to tackle corruption and praised its "resilient" economy and people.
Four-day working week 'more productive': UK study
A four-day working week is more productive for most staff and companies than the traditional five days, one of the biggest trials of its kind conducted in the UK reported on Tuesday. It has been described as the world's biggest trial of a four-day working week.
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