AFP
13876 articles published since 08 Mar 2022
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German gas giant's shareholders to vote on nationalisation
Shareholders of troubled German gas giant Uniper were to vote Monday on the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine. On Monday, the German government and Uniper, Germany's biggest gas importer, concluded a framework agreement related to the rescue package.
German business morale up again as prospects brighten
German business confidence improved for a third straight month in December, a key survey showed Monday, the latest sign a downturn in Europe's top economy may be milder than feared. "German business is entering the holiday season with a sense of hope."
Italy partly bows to EU over card payments
Italy's new hard-right government has abandoned plans to allow merchants to refuse card payments under 60 euros ($64), following pressure from the European Union.
Ghana suspends part of foreign debt payments
Ghana suspended payments on part of its foreign debt on Monday as the country undertakes debt restructuring in line with a bailout deal with the International Monetary Fund (IMF). The government has already announced a domestic debt swap as part of the programme to ease a crunch in payments and was soon expected to release details about restructuring foreign debt. str-joa/pma/rl
Asian markets track US losses on recession worries
Asian markets fell on Monday as traders weighed the prospect of a global recession caused by central bank moves to fight inflation. She told Bloomberg Radio that "the market will look through the expectations of a future recession at some point and come back in because equities are starting to look cheaper and cheaper as we go along here".
Twitter to ban users from promoting rival social platforms
Twitter announced Sunday it would no longer allow users to promote their accounts on a host of social media platforms including Facebook and Instagram -- the latest policy change by the company under its controversial new owner Elon Musk. "Going forward, Twitter will no longer allow free promotion of specific social media platforms," it said in a statement.
Bernard Arnault, emperor of luxury and world's top fortune
Bernard Arnault -- who with his family now tops the wealth of Elon Musk -- gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. LVMH -- the world's leading luxury group -- boasts more than 75 brands, acquired over time.
Timeline: Twitter mayhem since Musk takeover
Since buying Twitter, Elon Musk has made radical changes that have sparked fears for the future of the platform, from firing half the staff to restoring ex-president Donald Trump's account and suspending those of several journalists.
Rio ex-governor to be freed after 6 years in jail over corruption
The former Rio de Janeiro governor accused of receiving huge bribes over construction work for the 2014 World Cup and the 2016 Olympics will soon be free after six years in prison, following a ruling by Brazil's highest court. Cabral served as Rio governor from 2007 to 2014, years in which Brazil was picked to host both the 2014 World Cup and the 2016 Summer Olympic Games.
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