AFP
13876 articles published since 08 Mar 2022
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Ukraine dismisses key officials in anti-graft purge
Kyiv on Tuesday announced the dismissal of a dozen top officials in its biggest political shakeup following the country's first major corruption scandal linked to the Russian invasion. Western allies, which have allocated billions of dollars in financial and military aid to Kyiv to counter Russian troops, have often preconditioned such support on anti-corruption reforms.
US sues Google over dominance of online ad market
The US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant. The case was launched by the Department of Justice (DOJ) in conjunction with eight US states: California, Colorado, Connecticut, New Jersey, New York, Rhode Island, Tennessee, and Virginia.
Walmart lifts wages at US stores again amid tight labor market
Walmart announced Tuesday it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector. The retailer's announcement is a sign that the job market remains tight for hourly staff, even as tech giants such as Google parent Alphabet and Facebook parent Meta announce significant job cuts.
BNP Paribas says to sharply cut oil production financing
French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. BNP Paribas said it plans to have more than 80 percent of its energy production financing activities geared towards the production of low-carbon energies.
Ticketmaster blames cyberattack for Taylor Swift tour debacle
US concert booking website Ticketmaster was hit by a cyberattack last year that led to it botching sales for Taylor Swift's US tour, it told lawmakers on Tuesday as it apologized to the pop superstar and her fans.
Norway to offer record number of Arctic oil, gas exploration blocks
Norway on Tuesday said it plans to offer a record number of gas and oil exploration blocks in the Arctic, with environmental NGOs condemning an "aggressive" promotion of fossil fuels. The NGO said the proposal would violate the commitment not to explore virgin territory as some blocks were to be located far from existing infrastructure.
3M to cut 2,500 jobs as it girds for tougher economy
3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand. "Based on what we see in our end markets, we will reduce approximately 2,500 global manufacturing roles –- a necessary decision to align with adjusted production volumes," he said.
Justin Bieber sells music rights for $200 mn
Pop juggernaut Justin Bieber has sold his music publishing and recording catalog shares to the Blackstone-backed Hipgnosis Songs Capital for $200 million, the company said Tuesday -- marking the industry's latest blockbuster rights deal.
Europe's JUICE spacecraft ready to explore Jupiter's icy moons
Europe's JUICE spacecraft is all ready to embark on an eight-year odyssey through the Solar System to find out whether the oceans hidden under the surface of Jupiter's icy moons have the potential to host extraterrestrial life. If one of the moons prove to be a particularly good candidate to host life, the "logical next step" would be to send a spacecraft to land on the surface, Cavel said.
AFP
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