AFP
13876 articles published since 08 Mar 2022
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Gautam Adani: the Indian tycoon weathering stock market panic
Indian industrialist Gautam Adani is Asia's richest man, with a business empire spanning coal, airports, cement and media now rocked by corporate fraud allegations and a stock market crash. Adani Group has lost upwards of $45 billion in market cap since the report's release, and its legal chief announced Thursday that it was exploring punitive action against Hindenburg in US and Indian courts.
UK dismisses economic 'gloom', eyes Brexit boost
Britain's finance minister will dismiss "gloom" over the country's recession-threatened economy and vow to tap into Brexit opportunities to bolster growth in a key speech on Friday. "Our plan for growth is a plan built on the freedoms which Brexit provides.
H&M in the red after Russia exit, soaring costs
H&M reported Friday a big drop in profits in 2022, with a surprise loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs. The withdrawal from Russia and a cost-cutting programme cost H&M almost 2.6 billion Swedish kronor ($252 million) in 2022.
Confectionery firm turns vegan to avoid Brexit checks
Following Brexit, confectioner Pecan Deluxe Candy soon discovered that British operations were plagued by costly new red tape on exports of animal-derived products.
Regret takes hold in Brexit bastion
Grays, a town near London, voted overwhelmingly in favour of Brexit. In the 2016 vote, 72.3 percent voted for Brexit in the Essex constituency of Thurrock, of which Grays is the largest town with around 75,000 people.
Shares in India's Adani plunge 15% after fraud claims
Trading in the business empire of Asia's richest man Gautam Adani was halted Friday following a 15 percent plunge in its share price, days after a US investment firm claimed it had committed "brazen" corporate fraud.
Shares in India's Adani fall again after fraud claims
Shares in the business empire of Asia's richest man Gautam Adani sank again Friday after the conglomerate slammed a US investment firm that claimed it had committed "brazen" corporate fraud. Hindenburg's report accused Adani Group of engaging in a "brazen stock manipulation and accounting fraud scheme over the course of decades".
Asian markets build on rally on hopes US will avoid recession
Asian markets rose again Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across trading floors this year.
Madison Square Garden's facial recognition blacklisting sparks outcry
The heated debate over facial recognition technology has a new flashpoint: Manhattan's celebrated Madison Square Garden, home to the New York Knicks basketball team and countless Billy Joel concerts. He says the Madison Square Garden example shows that private business can use facial recognition "to exclude anyone whose voice you want to silence."
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