AFP
13876 articles published since 08 Mar 2022
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Chip giant TSMC shares surge on Buffett stake
Shares in Taiwan's TSMC soared on Tuesday after Warren Buffett's Berkshire Hathaway confirmed it had taken a close to $5 billion stake in a major boost of confidence for the semiconductor giant. The company's shares and profits soared for the first two years of the coronavirus pandemic during a global shortage of semiconductors.
Anti-mafia reporter on trial for 'defaming' Italy's far-right PM
A trial pitting Italy's far-right Prime Minister Giorgia Meloni against investigative journalist Roberto Saviano opens on Tuesday, with the anti-mafia author accused of defamation for an outburst over her stance on migrants. Tuesday's trial is not the only one Saviano faces for defamation.
UK budget predicted to be a nightmare before Christmas
Britain will on Thursday hike taxes and slash public spending in a government budget signalling a return to austerity despite millions suffering a cost-of-living crisis in an economy facing recession. Truss' unfunded tax-slashing budget sparked a collapse in the pound and an explosion in state borrowing costs during her 49-day tenure that began in September.
Most Asian markets up further as China moves provide support
Asian markets mostly rose Tuesday as investors brushed off a reverse on Wall Street and focused on signs of slowing inflation and China's moves to shore up its economy. However, Asian traders were a little more upbeat, with dealers cheered by China's move to ease some of its strict Covid-19 restrictions and provide much-needed support to its beleaguered property sector.
Russia under pressure as G20 tackles Ukraine war, soaring food prices
The United States and its allies on Tuesday heaped pressure on Russia to end the Ukraine war, using a G20 summit to pin painfully high global food and fuel prices squarely at President Vladimir Putin's door Tuesday. US allies hope that argument finds favour with G20 nations that, while cautious about denouncing Russia, are deeply concerned about rising prices.
Clashes in eastern DR. Congo as envoy pursues 'dialogue' initiative
Troops and rebels traded heavy fire in the Democratic Republic of Congo on Monday, a military source and local inhabitants said, as an envoy from the East African bloc called for all armed groups to "silence the guns". "Silence the guns and join in a political process," he urged local armed groups.
Japan's economy shrinks unexpectedly in third quarter
Japan's economy shrank in the three months to September due to slower-than-expected consumption, official data showed Tuesday, dashing hopes of another quarter of growth. From July to September, Japan's gross domestic product contracted 0.3 percent quarter-on-quarter, missing market expectations of 0.3 percent growth, the government data showed.
Twitter prank spurs unexpected scrutiny of insulin prices
A Twitter imposter cost a US pharmaceutical giant billions of dollars, but the viral prank triggered another unexpected crisis -- a new wave of scrutiny of the high cost of its insulin. By Friday, Eli Lilly executives ordered a halt to all ad campaigns on Twitter, a move that could potentially cost the platform millions of dollars.
Russia faces blame as G20 tackles Ukraine war, soaring food prices
The United States and allies will heap pressure on Russia Tuesday to end the Ukraine war, pinning painfully high global food and fuel prices squarely at Vladimir Putin's door during a G20 summit. US allies hope their argument about the need to up pressure on Putin finds favour with G20 nations that, while cautious about denouncing Russia, are deeply concerned about rising prices.
AFP
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