AFP
13875 articles published since 08 Mar 2022
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Biden names Fed vice chair as top economic advisor
US President Joe Biden has chosen Federal Reserve Vice Chair Lael Brainard to be his top economic advisor, ahead of a potential reelection campaign and as the administration battles stubbornly high inflation. Brainard was previously viewed as a potential pick for Biden's Treasury secretary, though she was passed over in favor of Yellen, a former Fed chair and the first woman to serve in that role.
Biden's antitrust enforcer Khan hit by resignation
A top competition enforcer for US President Joe Biden was accused Tuesday of abusing her power and bias against big tech as the last remaining Republican resigned from the Federal Trade Commission.
Buffalo workers launch drive to become 1st Tesla union
A group of workers at Tesla's Buffalo, New York plant announced a campaign Tuesday to form the first union at Elon Musk's electric car company. In 2021, the National Labor Relations Board concluded that the electric car company had illegally fired a worker for organizing at Tesla's California plant and that Musk had illegally threatened workers with loss of stock options if they unionized.
Pharrell Williams in talks to be Louis Vuitton designer: reports
Hip-hop artist Pharrell Williams is in talks to take over as head of menswear for Louis Vuitton, media reports said on Tuesday. Williams, who came to fame in the 1990s as part of hip-hop group The Neptunes, was not often mentioned in the rumours around the succession, but would fit perfectly with the label's recent moves to attract a younger streetwear-focused audience.
Air India unveils historic plane order with Airbus, Boeing
Air India will purchase 470 planes from Airbus and Boeing under an historic pair of mega agreements announced Tuesday, transforming the former national carrier as it prepares for torrid growth.
Back to the future: Air India looks to take off with mega-purchase
One of India's biggest and oldest conglomerates is returning to its roots with a multi-billion-dollar bet on the country's growing middle class and its demand for air travel.
Boost for Macron as French unemployment drops to 15-year low
French President Emmanuel Macron received a boost Tuesday with official figures showing unemployment fell to a 15-year low, as he seeks to push through a widely contested pension reform. "Unemployment is at its lowest level for the second time in 40 years," the president wrote on Twitter.
US inflation eases in January but kept high on rent and energy costs
Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, with the slight easing signaling that policymakers' battle is not over. But even as the consumer price index (CPI), an important inflation gauge, eases from last year's decades-high levels, the numbers point to some stickier areas.
EU approves 2035 ban on new fossil fuel car sales
The European Parliament on Tuesday gave its final approval to a ban on new sales of carbon-emitting petrol and diesel cars by 2035, with a view to getting them off the continent's roads by mid-century. In practice, in the final legislation, this means a halt to sales of new petrol and diesel cars, light commercial vehicles and hybrids in the bloc by that date, in favour of all-electric vehicles.
AFP
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