AFP
13876 articles published since 08 Mar 2022
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After long peace, Big Tech faces US antitrust reckoning
After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.
Market correction: Trump stock tumbles after buoyant debut
After a winning debut on Wall Street last month, Donald Trump's media group has suffered a bruising retreat, denting the Republican candidate's wealth as he faces legal challenges. Since entering public markets on March 26, Trump Media and Technology Group has seen its market value plummet from around $11 billion to under $4.5 billion.
Google yanks California news sites over proposed law
Google on Friday said it is testing removing links to California news sites for some users in the western US state as legislators mull making the online search giant pay for connecting people to news.
IMF confirms Kristalina Georgieva for second 5-year term
The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution. Georgieva, a 70-year-old Bulgarian, has run the IMF since 2019, and told AFP last month that she was making herself "available to serve, if people want me to serve."
US House okays renewal of controversial surveillance program
The US House of Representatives voted Friday to reauthorize an electronic urveillance program targeting foreigners, a practice officials say is critical to national security but criticized by opponents over concerns for American citizens' privacy.
Biden rule hikes fees for oil projects on public lands
Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration. "Let's be real: We need to get these oil companies off our public lands," said Evergreen Action's Mattea Mrkusic.
Thai group buys iconic Berlin department store
Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa. "We are pleased to add KaDeWe Berlin to Central Group's historic flagship luxury store real estate portfolio," said Central Group's chief executive, Tos Chirathivat.
Solid profits at banks as execs debate US economic risks
Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.
Vietnam's multi-billion dollar fraud case: key things to know
A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. Many of its real estate projects are in prime locations in central Ho Chi Minh City.
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