AFP
13875 articles published since 08 Mar 2022
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Inflation nibbles at Nestle margins
Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021. Net profits fell by 45 percent to 9.3 billion francs in 2022 but the comparison with 2021 is deceptive since the disposal of shares Nestle held in L'Oreal boosted 2021 earnings.
Renault boosts profitability but Russia exit pushes it into loss
French automaker Renault said Thursday it boosted manufacturing profitability in 2022 but the sale of its operations in Russia pushed the company into a net loss. That pushed Renault into a net loss of 338 million euros for the year.
Fake 'fact-checks' seek to obscure Russian role in war
A Russian missile smashed a Ukrainian apartment complex, killing dozens. Last month, at least 46 people were killed when a residential building in the city of Dnipro was struck by what Ukrainian officials and experts including the US-based Center for Strategic and International Studies said was a Russian Kh-22 cruise missile.
Russians adapt to 'nerve-wracking' life under sanctions
When Vladimir Stetsenko put his apartment on the market in October, he thought the ad for the newly renovated property in southern Moscow would generate some interest.
Asian markets rise as traders evaluate strong US economy
Asian markets pushed higher Thursday, extending gains in New York and Europe, as a forecast-busting US retail sales report showed American consumers remain confident despite elevated inflation and the prospect of more interest rate hikes.
Users say Microsoft's Bing chatbot gets defensive and testy
Microsoft's fledgling Bing chatbot can go off the rails at times, denying obvious facts and chiding users, according to exchanges being shared online by developers testing the AI creation.
David Malpass: World Bank chief pressed by climate questions
In his four years as World Bank President, David Malpass oversaw its response to crises ranging from the Covid-19 pandemic to Russia's invasion of Ukraine, and food and energy shortages.
Global stocks rise after strong US retail sales, better UK inflation data
Wall Street stocks shrugged off early weakness and pushed higher Wednesday as they followed European bourses upward after strong US economic data. The gains by stocks "suggests perhaps that buyers were influenced more by the hopeful economic implications of the January retail sales data than its potentially adverse implications for monetary policy," said Briefing.com.
US tech bosses subpoenaed in Republican hunt for liberal conspiracy
US lawmakers issued subpoenas to top Silicon Valley executives on Wednesday as Republicans seek to establish an unproven conspiracy theory that Big Tech and the government have colluded to suppress conservatives' free speech.
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