AFP
13876 articles published since 08 Mar 2022
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Amsterdam unveils its largest bike garage. It's underwater
Plagued by ever-shrinking space to park its hundreds of thousands of bicycles, Amsterdam opened Wednesday the first of its largest-ever bicycle parking complexes, built underwater in a pioneering engineering project.
UK's Royal Opera House ends 33-year BP funding deal
The UK's Royal Opera House announced on Wednesday that it had ended its 33-year sponsorship deal with energy giant BP following pressure and protests from environmentalists.
Boeing reports Q4 loss but reaffirms 2023 targets
Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand. He predicted that 2023 would remain "bumpy" as far as the supply chain, but said the ramp-up was aided by shared knowledge that demand for aviation remains strong.
Former McDonald's reopen in Kazakhstan without logo
Several restaurants that used to work under the McDonald's brand in Kazakhstan reopened on Wednesday without the chain's logo, weeks after the fast-food giant exited the country over supply problems. The McDonald's logo no longer appeared on the reopened restaurants, with only a yellow capital M in the words "My Otkryty ("We Are Open").
Canada central bank raises key interest rate to 4.5%
Canada's central bank on Wednesday raised its key lending rate for the eighth time in less than a year, this time by 25 basis points to 4.5 percent, as it tries to tame inflation. "Inflation is projected to come down significantly this year," the bank said, though it remained at 6.3 percent in December -- three times the goal.
Boeing reports Q4 loss of $634 mn, reaffirms 2023 targets
Boeing reported a fourth-quarter loss of $634 million on Wednesday as elevated operating and supply chain costs offset a December uptick in commercial plane deliveries. "Demand across our portfolio is strong, and we remain focused on driving stability in our operations and within the supply chain to meet our commitments in 2023 and beyond."
German economy to avoid recession in 2023, says Berlin
Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected. The ministry acknowledged in its report that many "uncertainties" hung over the German economy, including the ongoing fallout from the war in Ukraine. mfp/sr/imm
ChatGPT bot passes US law school exam
A chatbot powered by reams of data from the internet has passed exams at a US law school after writing essays on topics ranging from constitutional law to taxation and torts. But the bot "often struggled to spot issues when given an open-ended prompt, a core skill on law school exams".
Adani stocks fall in India on fraud, stock manipulation claims
Asia's richest man Gautam Adani saw his net worth drop six billion dollars on Wednesday after a US investment firm accused him of "brazen stock manipulation and accounting fraud". Hindenburg Research published a report on Tuesday alleging that Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
AFP
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