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13876 articles published since 08 Mar 2022

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Amazon tops expectations as quarterly sales climb
Amazon tops expectations as quarterly sales climb
Business and Economy

E-commerce colossus Amazon on Thursday reported that its sales in the recently ended quarter grew more than expected despite inflation and other economic turmoil. Snapchat's parent firm, for example, reported that its loss in the recently ended quarter nearly tripled to $422 million despite revenue increasing 13 percent under conditions "more challenging" than expected.

In US, the definition of 'recession' is moving target
In US, the definition of 'recession' is moving target
Business and Economy

Now that the US economy has posted two consecutive quarters of negative growth, is it in recession? David Wilcox, a senior economist at the Peterson Institute for International Economics and at Bloomberg Economics, says that considering an economy as entering recession after two consecutive quarters of negative GDP growth is simply "wrong."

Argentine protesters demand universal living wage
Argentine protesters demand universal living wage
World

Thousands of people demonstrated in Buenos Aires on Thursday, demanding a "universal salary" in crisis-ridden Argentina. Radical leftist groups close to the Frente de Todos (Everyone's Front) ruling coalition have for weeks been demanding a universal living wage.

W.Africa bloc chair says Guinea accepts two-year transition
W.Africa bloc chair says Guinea accepts two-year transition
Africa

The chair of a West African regional bloc said at a briefing with France's president Thursday that Guinea would cut its transition to civilian rule from three to two years. West African mediators last week met Guinea's ruling junta for talks on a return to civilian rule, according to ECOWAS and state media.

UK rivals for PM hold first clash in front of Tory members
UK rivals for PM hold first clash in front of Tory members
World

British Conservatives Rishi Sunak and Liz Truss Thursday began their first grilling in front of party members as they wage a bitter duel to succeed Prime Minister Boris Johnson. The Tory members in attendance applauded co-chairman Andrew Stephenson when he observed that their party is poised to appoint Britain's third woman prime minister, or its first one of colour.

Anti-junta protests paralyse Guinea capital
Anti-junta protests paralyse Guinea capital
Africa

Protests against Guinea's ruling junta held in defiance of a protest ban brought the capital Conakry to a standstill Wednesday, with clashes breaking out in some neighbourhoods. The junta in May banned any public demonstrations that could be construed as threatening public order.

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