AFP
13875 articles published since 08 Mar 2022
Author's articles
Barclays bank shares tumble as bad loans surge
Shares in Barclays slumped as much as 10 percent Wednesday after the British bank announced a surge in bad loans alongside a drop in annual profits linked to US litigation charges. Barclays booked a charge of £500 million ($605 million) in the final quarter on soured loans linked to "macroeconomic deterioration".
Conspiracy theories on '15-minute cities' flourish
Urban planners are fending off abuse fuelled by conspiracy theories about their "15-minute city" regeneration projects which suspicious social media users claim are the road to "climate lockdowns". Social media users shared an article that falsely claimed residents would be "confined to their local neighbourhood and have to ask permission to leave it, all to 'save the planet'."
US retail sales rebound on biggest gain since 2021
Retail sales in the United States rebounded in January, said government data released Wednesday, logging the biggest gain since 2021 as policymakers watch for signs that consumer demand is cooling in the longer run. The surge in January was the biggest monthly rise since early 2021, according to official data.
Glencore rewards shareholders after coal-fuelled profits
Swiss mining giant Glencore said Wednesday it would dish out $7.1 billion to shareholders after posting record profits driven by a surge in coal prices following Russia's invasion of Ukraine. But it was a surge in prices for fossil fuels, notably coal, that propelled profits at Glencore, which runs mines but also has a commodities trading unit.
Digital video viewing to top traditional TV in US: forecast
For the first time ever, US adults will spend more time this year watching digital video on platforms such as Netflix, TikTok and YouTube than viewing traditional television, Insider Intelligence forecast on Wednesday.
White House unveils deal with Musk on EV chargers
Tesla's US charging network will be available to other electric vehicle brands for the first time following White House negotiations with Elon Musk, the Biden administration announced Wednesday.
UK inflation retreats further, remains above 10%
British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above a historically-high 10 percent. Official data last week showed Britain narrowly avoided recession in 2022, but the risk of a prolonged contraction remains for this year according to analysts.
'Someone else' could be running Twitter this year, says Musk
Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" since he took full ownership last year. Since Musk took full ownership of Twitter on October 27, the platform has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of the South African-born billionaire.
AirTag harassment victims unconvinced by Apple's fixes
Originally designed as a solution for the absent-minded, the AirTag digital tracking sensor is also sometimes employed for a more sinister function, with manufacturer Apple now finding itself the subject of anger -- and lawsuits -- from Americans who have been harassed with the help of the brand's product.
AFP
Load more