AFP
13876 articles published since 08 Mar 2022
Author's articles
Fed official sees chance to lower inflation without major downturn
US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday. "I take this as a hopeful sign that we can succeed in lowering inflation without a significant economic downturn," she added.
Macron presses ahead with French pension reform despite strike threat
The French government on Tuesday announced plans to raise the retirement age to 64 and streamline the pension system, setting the stage for a major showdown with trade unions and a new wave of protests. Major disruption is expected in the coming weeks, with opinion polls showing that around two thirds of French people oppose raising the retirement age and most would support protests.
Boeing deliveries rose in 2022, but still lag Airbus
Boeing accelerated the pace of commercial plane deliveries in the fourth quarter, but again lagged arch-rival Airbus for all of 2022, according to company data released Tuesday. Boeing has badly lagged Airbus in deliveries in recent years, and in 2022 it once again fell short of the European planemaker, which said Tuesday it had delivered 661 planes to airlines and other clients last year.
Police move in on anti-coal activists at German protest camp
German police on Tuesday began removing climate activists perched precariously on high structures as they embarked on a "dangerous" operation to evacuate a protest camp that has become a symbol of resistance against fossil fuels.
EU tells TikTok to respect data laws as CEO visits
The European Union warned Chinese-owned online giant TikTok on Tuesday to respect EU law and ensure the safety of European users' data, as the video-sharing app's CEO met top officials in Brussels.
World Bank cuts 2023 world growth forecast in 'sharp, long-lasting slowdown'
Global growth is slowing "perilously close" to recession, the World Bank said Tuesday, slashing its 2023 economic forecast on high inflation, rising interest rates and Russia's invasion of Ukraine.
Economy takes center stage at North American summit
The leaders of the United States, Mexico and Canada are expected to set aside simmering trade tensions and pursue deeper economic integration at talks on Tuesday that will also cover migration and climate change. Mexico faces a formal trade complaint from the United States and Canada under a North American trade deal.
UK govt unveils 'minimum safety levels' law to stifle strikes
The UK government will on Tuesday introduce proposals mandating "minimum safety levels" during strikes, angering unions which have branded it "undemocratic" and threatened legal challenges. "That's undemocratic, unworkable, and almost certainly illegal," he added, hinting at likely legal challenges to the bill if it becomes law.
Alpine tourists ski amid brown hillsides
Brown hillsides and slivers of snow -- a common sight across Europe's Alps, and a far cry from the winter wonderland tourists had banked on. While some snow started to fall again early this week, Europe has seen "extreme" warm winter weather in recent days, experts say, with 2023 already posting record January temperatures across the region.
AFP
Load more