AFP
13876 articles published since 08 Mar 2022
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Trump presses Facebook to restore his account
Former US president Donald Trump is urging Facebook to reinstate his account two years after it was deactivated, his aides said Wednesday, as he gears up for a third bid for the White House. New Twitter owner Elon Musk reinstated Trump's account last November, days after the tycoon announced his decision to run for another term in the White House.
Champagne celebrates record sales in 2022
The waning Covid pandemic in many parts of the world helped put people in a celebratory mood, industry leaders said Wednesday, driving 2022 Champagne sales to an all-time high above six billion euros.
US arrests Russian crypto boss for alleged criminal 'haven'
US authorities said Wednesday they had arrested the owner of China-based cryptocurrency exchange Bitzlato for alleged money laundering, hailing the move as a global "blow to the cryptocrime ecosystem."
UK millionaire says rich people like him should be taxed more
A rich Briton is among a group of millionaires in Davos pushing for governments to tax those like him more in order to bridge a wealth gap he warns is fragmenting the world. White added: "We see this fragmented world but it is wealth that is fragmenting the world."
Lufthansa closes in on stake in Italy's ITA Airways
German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent takeover process closer to the finish line. The German group -- which also owns Swiss, Brussels and Austrian Airlines -- has always made clear it was interested in a "true privatisation" of ITA Airways.
Microsoft says it will axe 10,000 employees over poor economy
Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. Asked about the layoffs just ahead of the announcement, Microsoft CEO Satya Nadella said that "no one can defy gravity" and pointed to high inflation that was affecting economic growth around the world.
US retail sales shrinks for second straight month on consumer caution
Retail sales in the United States slumped for a second straight month in December, according to data released Wednesday, as consumers grow cautious on economic uncertainty and measures to ease demand bite. But "more recently we think people have become more cautious in the face of increased economic uncertainty and sharply higher borrowing costs," he added. bys/caw
UN chief slams oil firms for 'big lie' on global warming
UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having "peddled the big lie" about their role in global warming, telling the World Economic Forum that they should be held accountable. "Some in Big Oil peddled the big lie.
Burberry fashions rising sales despite China slump
British luxury fashion house Burberry, renowned for its handbags and trenchcoats, announced rising sales Wednesday despite a Covid-driven slump in China and tough economic climate globally. Store sales in China tanked 23 percent owing to Covid restrictions that have since eased.
AFP
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