AFP
13876 articles published since 08 Mar 2022
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ExxonMobil dismissed own global warming forecast: study
ExxonMobil publicly downplayed climate change even though scientists for the oil giant had accurately predicted global warming from fossil fuels as far back as the late 1970s, according to a study published on Thursday. "It isn't as if we could just turn around and say, 'ExxonMobil stop producing fossil fuels,' and then we'd solve the problem," Schmidt said.
Irish PM cautious about deal to restore N.Ireland govt
Irish premier Leo Varadkar on Thursday played down hopes of a swift end to wrangling over post-Brexit trading rules in Northern Ireland that has caused lengthy political paralysis in Belfast. Varadkar said he was "hopeful" of an agreement that would lead to the resumption of the power-sharing executive, after meeting political leaders for closed-door talks at a hotel in Belfast.
US inflation hits slowest pace in over a year amid hopes of less hawkish Fed
Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed on Thursday, signaling the worst of red-hot price increases may be over. Between November and December, CPI dipped 0.1 percent, the first time in around two years it logged a month-on-month contraction, government data showed.
Europe's largest rare earths deposit discovered in Sweden
Europe's largest known deposit of rare earth elements, essential for the manufacturing of electric vehicles, has been discovered in Sweden's far north, boosting Europe's hopes of cutting its dependence on China.
UAE agrees to roll over Pakistan debt, add $1 billion more
The United Arab Emirates has agreed to roll over $2 billion owed by Pakistan and provide the country with an extra loan of $1 billion, Islamabad said Thursday. "The UAE president agreed to roll over the existing loan of US$2 billion and provide a US$1 billion additional loan," a statement from Sharif's office said.
London mayor urges government to address 'Brexit damage'
London Mayor Sadiq Khan will in a speech Thursday urge the government to end a "vow of silence" on the "immense damage" to the UK economy caused by Brexit. That's why I simply can't keep quiet about the immense damage Brexit is doing."
World enters 'new age' of clean energy manufacturing: IEA
The world is at the "dawn of a new industrial age" of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, the International Energy Agency said on Thursday. "The energy world is at the dawn of a new industrial age –- the age of clean energy technology manufacturing," the IEA said.
China lockdown hits Uniqlo parent's first-quarter profit
Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China. "(The) result was due primarily to a large decline in profits at our Uniqlo operation in the mainland China market caused by Covid-19 restrictions on movement," the company said in a statement.
Analysts expect slowing US inflation, fueling hopes of less hawkish Fed
Consumer inflation in the United States is set to ease further in December, analysts say, in an encouraging trend that could bring some reprieve from rising interest rates. But analysts expect the consumer price index (CPI), a key inflation gauge, to flatline between November and December in figures due to be released Thursday.
AFP
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