AFP
13876 articles published since 08 Mar 2022
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Asian markets drop on rate worries ahead of inflation data
Asian equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which could have a huge bearing on the Federal Reserve's plans for raising interest rates. "A strong inflation outcome today will likely reinforce the (board) is still some way away from that point yet, and see markets readjust higher their expectations for US interest rates."
China's consumer inflation pushes higher
China's consumer inflation rose in July to a two-year high, official data showed Wednesday, with a surge in pork prices pushing up the cost of food. The producer price index (PPI) -- measuring the cost of goods at the factory gate -- rose 4.2 percent in July, down from 6.1 percent in June, official data showed Wednesday.
Tourists return but Easter Islanders draw lessons from Covid isolation
During more than two years of the coronavirus pandemic, Easter Island was closed to tourism -- forcing inhabitants to turn to a more sustainable way of life and relearn forgotten skills. This new focus on sustainable living does not mean an end to tourism on Easter Island.
Jury finds ex-Twitter worker spied for Saudi royals
A former Twitter worker was found guilty on Tuesday of spying for Saudi officials keen to unmask critics on the platform. Prosecutors accused Abouammo and fellow Twitter employee Ali Alzabarah of being enlisted by Saudi officials between late 2014 and early the following year to get private information on accounts firing off posts critical of the regime.
US stocks sink with all eyes on consumer price data
With all eyes on back-to-back inflation data coming this week, Wall Street stocks tumbled again on Tuesday as earnings warnings tanked tech shares. While the data are expected to show monthly inflation slowing from June, the annual pace is likely to remain near 40-year highs.
Two miners rescued in Dominican Republic after 10 days underground
Two miners were rescued in the Dominican Republic Tuesday, seemingly unharmed, after 10 days trapped underground and a massive operation, with support from Canada, to free them. The miners were finally reached on Tuesday morning through a newly-dug rescue tunnel, a whole 10 days after they got caught underground after a rockslide, the Dominican Mining Corporation (CORMIDOM) said in a statement.
Biden signs ratification of Finland, Sweden NATO bids
President Joe Biden on Tuesday signed US ratification of bids by Finland and Sweden to enter NATO, taking expansion of the Western alliance in response to Russia's Ukraine invasion one step closer.
Falling water levels boost Mexican mine rescue mission
Falling water levels have raised hopes that rescuers will be able to enter a flooded Mexican mine, possibly on Wednesday, to look for 10 trapped workers, the government said. But by Wednesday or Thursday, the water level is expected to have dropped to 1.5 meters (around five feet), so "divers and rescuers will be able to enter," President Andres Manuel Lopez Obrador told reporters.
US 'concerned' by reports of Rwandan support for DRC rebels
Secretary of State Antony Blinken on Tuesday said the United States was "concerned" by "credible" reports that Rwanda is supporting rebels in eastern Democratic Republic of Congo. The US should raise with Rwanda the reliable reports that it is again supporting the M23's abusive conduct in eastern Congo."
AFP
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