AFP
13876 articles published since 08 Mar 2022
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IMF calls on EU to deepen single market integration to boost growth
Deeper integration of the European Union's internal market could prove crucial for boosting lackluster economic growth and productivity levels in the 27-member trading bloc, a senior IMF official told AFP Friday. Beyond deepening regional integration, the IMF report suggested other ways to boost flagging productivity levels, including by increasing digitalization and enacting structural reforms.
US fines Thailand-based firm $20 mn for Iran sanctions violations
The United States fined a Thailand-based firm $20 million on Friday for more than 450 possible Iran sanctions violations -- a day after Washington slapped fresh sanctions on Iran following last weekend's attack on Israel.
Advanced economies pledge $11 bn to boost World Bank lending
A group of advanced economies have pledged $11 billion in new funding commitments to boost the World Bank's lending capacity by up to $70 billion over a decade, the development lender announced Friday. By leveraging the resources pledged, the bank should be able to provide up to $70 billion in new lending over a 10-year period.
P&G profits rise despite hit from Middle East tensions
Procter & Gamble reported higher profits Friday, citing strong demand in the United States and many European markets that offset weakness elsewhere due to Middle East tensions and a lackluster performance in China. Chief Financial Officer Andre Schulten described consumption as "very strong" in the United States and in leading European markets.
Oil, gas drilling blocked in Alaska wilds as Biden seeks green cred
The United States on Friday blocked oil, gas and mining operations across tracts of unspoiled wilderness in Alaska, winning praise from environmentalists for safeguarding habitat for polar bears, caribou and other Arctic species.
US ski great Vonn hails use of AI to protect Olympic athletes from online hate
US skiing great Lindsey Vonn has welcomed plans to use artificial intelligence to shield Olympic athletes from vicious online hate, recounting how she was "wildly harassed" before the 2018 Winter Games. "You have enough, as an athlete trying to perform at the Olympics, than to deal with people that you know want you to ski off a cliff.
China auto sector steps up Europe push with Spain plant
Chinese carmaker Chery signed a deal Friday to produce mainly electric vehicles in Spain, as Beijing's auto sector pushes ahead with plans to expand into Europe despite growing competition concerns. It is the second Chinese carmaker to set up in Europe after China's top electric carmaker BYD said in December it would build a factory in Hungary.
Olympic chief Bach says AI can be a game changer for athletes
IOC president Thomas Bach said artificial intelligence can help identify talented athletes "in every corner of the world" as he unveiled the Olympic AI Agenda in London on Friday. "AI can help to identify athletes and talent in every corner of the world.
Kyrgyzstan's TikTok block builds censorship fears
In her photography studio in the capital of Kyrgyzstan, Aku Sharsheeva, tried unsuccessfully to connect to TikTok this week. Sharsheeva had used TikTok, which has more than one billion monthly users worldwide and is owned by Chinese tech giant ByteDance, to market her photography business.
AFP
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