AFP
13876 articles published since 08 Mar 2022
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Crisis-hit Egypt's currency halved in value since March
The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement. The currency plunged to 31.95 pounds to the dollar in state banks on Wednesday, before settling at 29.7 in the afternoon, according to the central bank.
Anti-coal protesters dig in as German police clear protest camp
German police pressed ahead on Wednesday with clearing a camp of anti-coal activists in an abandoned town which has become emblematic of the country's struggle to transition away from fossil fuels amid an energy crisis.
US halts all domestic flight departures over system outage
The US Federal Aviation Authority ordered a temporary halt to all domestic flight departures Wednesday, after a major system outage that disrupted air traffic across the country.
French government plays down strike threat over pension reform
The French government on Wednesday played down the prospect of mass strikes and protests over pension reform which are expected to start next week. Veran said that "those that started work early will be able to retire at 58" and four out of 10 workers would not need to reach the new limit of 64 for a pension.
German watchdog raps Google over user data practices
Germany's antitrust regulator on Wednesday criticised the way Google handles users' data and threatened action against the US tech giant. The designation gives Germany's regulators the option to intervene earlier against potentially uncompetitive practices by huge digital companies.
LVMH shakes up leadership at Dior, Louis Vuitton
French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture. Arnault's five children have top jobs at LVMH. His eldest son, Antoine Arnault, was named CEO of holding company Christian Dior SE, which controls LVMH, in December.
Uniqlo parent company to boost Japan wages up to 40%
Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally. The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan.
Asian markets rise again on recovery hope as inflation data looms
Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation. "Although we are not pitching a tent in that camp just yet, many investors are starting to believe China's reopening could be faster than expected on pent-up demand, a robust economic rebound and fewer supply constraints."
Meta bans ads targeted at teens based on gender
Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.
AFP
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