AFP
13876 articles published since 08 Mar 2022
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Asian markets sink with Wall St on hawkish Fed outlook
Asian equities fell Thursday after the Federal Reserve signalled US interest rates would go higher than expected and warned the world's biggest economy would grow less than expected next year, fanning fears a recession is on the way.
Several hundred tourists stranded at Machu Picchu amid protests
Hundreds of foreign tourists were stranded Wednesday in Peru's renowned Machu Picchu region after train service was suspended due to violent protests following the ouster and arrest of ex-president Pedro Castillo. The train service that connects the famed Incan temple with Cusco, the ancient empire's capital city, is the only way to get to Machu Picchu, about 70 miles (110 kilometers) away.
US political world seeks distance from disgraced donor Bankman-Fried
After years of benefitting from the enormous contributions of FTX founder Sam Bankman-Fried -- accused of massive financial fraud -- America's political elite are now skittering away, eager to put distance between themselves and the disgraced cryptocurrency darling.
US regulator says reform will boost individual investors
Emphasizing the need to protect small investors, US securities regulators Wednesday proposed new rules to ensure competition in the execution of stock market trades. The Securities and Exchange Commission proposal aims to replace the current system in which retail brokers route more than 90 percent of trades by individual investors to wholesalers -- financial middlemen who provide liquidity.
Erdogan backs Turkmen gas link easing dependence on Russia
Turkish President Recep Tayyip Erdogan on Wednesday backed the creation of a new natural gas pipeline that could ease Europe's dependence on Russia by linking up with energy-rich Turkmenistan. But he also lent his support on Wednesday to a new project that could link Turkmenistan with an existing pipeline running from Turkey to Azerbaijan.
S.Africa's power utility CEO resigns amid energy crisis
The head of South Africa's beleaguered state-owned power utility Eskom, Andre de Ruyter, has resigned, the company said on Wednesday, as the country suffers from a worsening energy crisis.
Germany signs contract to buy F-35 jets
Germany on Wednesday signed a deal to buy dozens of US-made F-35 fighter jets, US officials said, part of the country's military overhaul following Russia's invasion of Ukraine. The cost of the jets is to come from a planned 100 billion euro investment in the armed forces, unveiled following the outbreak of the Ukraine war in a bid to overhaul Germany's underfunded military. sr/bp
Twitter suspends account tracking Elon Musk's jet
A Twitter account that tracked flights of Elon Musk's private jet put out word Wednesday that it was suspended by the platform despite the billionaire's talk of free speech. Musk's jet "flew from LA to Austin last night after my account was suspended on Twitter," he said in an Instagram post Wednesday.
EU vows investment in push to boost SE Asia ties
The EU vowed billions of dollars of investment in southeast Asia Wednesday, as leaders looked to bolster ties at a summit in the face of the Ukraine war and challenges from China. EU nations are pushing to diversify key supply chains away from China as the war in Ukraine has highlighted Europe's vulnerabilities.
AFP
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