AFP
13876 articles published since 08 Mar 2022
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CES gadget gala looks to shake off economic gloom
The annual CES consumer electronics extravaganza throws open its doors in Las Vegas on Thursday as the industry looks to the latest innovations to help cure the pain from an ailing global economy.
Japan tuna price soars past $270,000 at New Year auction
The top-selling tuna at Tokyo's traditional New Year auction sold for more than $270,000 on Thursday, nearly double last year's price, breaking a pandemic trend of slumping demand. Last year's top-selling tuna, bought by the same pair of bidders, went for just 16.88 million yen, with observers blaming subdued demand as a Covid wave ripped through Japan in early 2022.
Fed officials do not expect US interest rate cuts this year
US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting released Wednesday. "No participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023," the meeting minutes added.
Stellantis to build electric 'air taxis' with Archer
Global automaker Stellantis will produce electric "air taxis" developed by US aviation company Archer, it announced Wednesday at the major Consumer Electronics Show (CES) in Las Vegas. This time, Stellantis is expected to mass produce Archer's aircraft as the exclusive contract manufacturer in Covington, Georgia, in the eastern United States.
GM beats Toyota in US auto sales on strong demand
General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties. Nearly half of GM's sales last year were of full-size pickup trucks and big SUVs, as the company turned to higher margin vehicles while supply problems spilled over into 2022.
Europe's battle to rein in Big Tech
The European Union is on a mission to get US tech giants to stop avoiding tax, stifling competition, profiting from news content without paying and serving as platforms for disinformation and hate. - Stifling competition - The digital giants are regularly criticised for dominating markets by elbowing out rivals.
Meta hit with 390 mn euro fine over EU data breaches
US social media giant Meta was slapped Wednesday with fines totalling 390 million euros ($413 million) for breaching EU personal data laws on Facebook and Instagram, Ireland's data regulator said.
US manufacturing sector weakens on easing demand: survey
US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday. The new orders index remains weak, data showed, and the production index fell into contraction.
Tunisia faces 'complicated' 2023 without quick IMF deal: central bank
Tunisia faces a year of low economic growth and runaway inflation, and urgently needs a bailout deal with the International Monetary Fund, its central bank chief said Wednesday. Economists have noted that the main sources of inflation in Tunisia are external, particularly spiralling international commodity prices.
AFP
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