AFP
13876 articles published since 08 Mar 2022
Author's articles
Lula puts diverse new face on Brazil government
Brazil's new President Luiz Inacio Lula da Silva held his first cabinet meeting Friday, getting down to the business of "rebuilding" and "reunifying" the country after his divisive election battle with far-right predecessor Jair Bolsonaro.
Bet365 boss earns £260 million pay package
Denise Coates, co-chief executive of online betting giant Bet365, pocketed annual pay totalling £260 million ($311 million), the company and media said Friday, placing her among Britain's top paid bosses. Coates regularly features at the top of lists of Britain's top earners.
US unemployment dips in December as job gains remain robust
US job gains exceeded expectations in December while the unemployment rate ticked down, a closely-watched government report said Friday, signaling resilience in the labor market despite efforts to cool the economy. - 'Slowing wage growth' - "Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance," said the report on Friday.
Wells Fargo sacks India executive for urinating on plane passenger
US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for allegedly urinating on a fellow passenger aboard an Air India flight. "This individual has been terminated from Wells Fargo," it added, without naming Mishra or specifying his position.
Eurozone inflation falls for second month
The eurozone's annual inflation rate fell for a second month in a row, to 9.2 percent in December, driven by easing energy prices, official data showed Friday, bringing some relief to Europe in the new year. Across the Atlantic, officials from the US Federal Reserve also indicated there would be more rate hikes this year to keep prices under control. aro-raz/rmb/kjm
World food prices hit record high in 2022
World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday. The FAO's vegetable oil price index reached a new record high in 2022 but fell 6.7 percent month-on-month in December to its lowest level since February 2021.
Pakistan imports threatened as forex reserves hit eight-year low
Pakistan's central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. The latest data from the central bank released overnight -- for the week ending December 30 -- show the country has half the foreign exchange reserves it held a year ago.
Germany's BioNTech plans UK trial of mRNA cancer therapy
German pharmaceutical company BioNTech, which developed a trailblazing Covid-19 vaccine, will trial a cancer treatment in Britain using the same mRNA technology, the company said on Friday. The company has been developing mRNA-based cancer therapies since it was founded in 2008 and they have been trialled on several hundred people so far. fec/hmn/lth
Shell says European windfall taxes to cost $2 billion
British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion. Shell said in a statement Friday that the impact on fourth quarter earnings of the EU and UK windfall taxes "is expected to be around $2 billion".
AFP
Load more