AFP
13876 articles published since 08 Mar 2022
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Biden signs emergency law forcing rail unions to accept wages deal
US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a salary deal, avoiding a possibly devastating strike -- but putting the pro-union Democrat in an awkward political position. The episode is awkward politically for Biden who frequently touts his pro-union credentials.
European gas pipe dreams become reality in eastern France
Underneath the lush countryside in eastern France lie the pipelines expected to rescue Europe before a winter without Russian gas. Once viewed as the "cul-de-sac" for Russian gas, France has now become one of the entryways for gas to the rest of Europe.
US hiring tops expectations in November as wages pick up
US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday. The report also said there were notable job gains in leisure and hospitality, health care, as well as in government.
Putin says strikes on Ukraine infrastructure 'inevitable'
President Vladimir Putin said on Friday Russia's strikes on Ukrainian infrastructure were "inevitable" as the Kremlin rejected US President Joe Biden's terms for talks and warned the assault would continue. "The special military operation continues," he added, using the Kremlin term for the assault launched on February 24.
UK ex-finance minister joins exodus of Tory MPs
Britain's former finance minister Sajid Javid on Friday said he would not be standing at the next election, as the Conservative party faces a slump in support after 12 years in power. The Conservative party has given its MPs until December 5 to declare whether they will run in the next election, when many constituency maps will be redrawn.
Musk's free speech absolutism 'a fantasy'
The limits of Elon Musk's self-professed "free speech absolutism" were laid bare, critics said, when he banned rapper Kanye West from Twitter over his latest anti-Semitic outburst on Thursday.
OPEC set to stick or cut more amid plan to cap Russian oil price
Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments.
Switzerland fines engineering giant $4.3 mn over S.Africa bribery
Swedish-Swiss engineering giant ABB has been fined four million Swiss francs ($4.3 million) over bribery linked to the construction of a huge power plant in South Africa, Switzerland announced on Friday. As a result, it said ABB had been slapped with a fine of four million Swiss francs and ordered the group to pay 50,000 Swiss francs for the cost of proceedings.
Fed rate hopes weigh on dollar, stocks fall ahead of US jobs data
The dollar struggled to recover on Friday from its recent sell-off as traders grew confident the Federal Reserve will slow its pace of interest rate hikes, while an equities rally sputtered ahead of key US jobs data. So traders are jockeying for position ahead of the moderately high-risk event."
AFP
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