AFP
13875 articles published since 08 Mar 2022
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Higher costs drag Caterpillar profits lower
Caterpillar reported a drop in profits Tuesday as higher costs and the drag from the strong dollar offset the lift from buoyant demand in industrial markets. Caterpillar is looking for opportunities to pass on higher costs to consumers, while weighing what's feasible.
Macron roils French sense of equality with pension reform
For opponents of France's pension reform, the proposed changes are about more than raising the retirement age: they're about an economic model seen as stacked in favour of the rich and a president viewed as too close to the wealthy. The reform proposed by Macron would raise the retirement age for everyone to 64 from 62 and increase the number of years of work required to claim a full pension.
McDonald's profits rise as consumers seek value
McDonald's reported Tuesday a jump in fourth-quarter profits following higher sales in most markets, scoring with consumers worried about inflation. But Kempczinski said the company must stay "judicious" in terms of passing on higher operating costs to consumers.
US Justice Dept investigating Tesla self-driving features
The US Department of Justice has opened an investigation into Tesla's driver-assistance features, the company said Tuesday in a financial document. According to a report from Bloomberg, the Justice Department investigation has been opened for similar reasons.
US hits Myanmar with new sanctions on coup 2nd anniversary
The United States slapped fresh sanctions on Myanmar Tuesday, a day before the Southeast Asian country marks the second anniversary of a military coup that launched a violent campaign against democracy activists.
France to send more mobile artillery to Ukraine
France will ship 12 more Caesar truck-mounted howitzers and fresh air defence equipment to Ukraine to bolster the fight against Russian invaders, Defence Minister Sebastien Lecornu said Tuesday. France is also working "with our allies" on providing more missiles for its Crotale surface-to-air defence system, Lecornu said.
Major UAE solar plant to go online before COP summit: energy firm
One of the world's biggest solar plants will become fully operational this year in the oil-rich United Arab Emirates, months before it hosts UN climate talks, a partner company said Tuesday.
Pfizer eyes big drop in Covid-related revenues in 2023
After two straight years of surging sales due to Covid-19 products, Pfizer projected a steep decline in 2023 revenues as demand for vaccines and therapeutics ebbs. Pfizer projected that 24 percent of the US population would receive a Covid-19 vaccine in 2023, down from the 31 percent level in 2022.
US Fed starts policy meeting with smaller rate hike likely
US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade. These indicators raise hopes that the policy-setting Federal Open Market Committee (FOMC) will announce a smaller, 25 basis points hike at the end of its meeting Wednesday.
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