AFP
13876 articles published since 08 Mar 2022
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ADB slashes Asia growth forecast as fuel, food prices rise
The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.
Hit by China shutdown, Tesla boosts auto prices and sells bitcoin
Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. - Bitcoin sale - During the quarter, Tesla liquidated about 75 percent of its holdings in bitcoin, the value of which has declined sharply in 2022.
United Airlines reports profit but sees higher recession risk
United Airlines reported a profitable second quarter Wednesday as strong travel demand boosted revenues, but signaled plans to rein in plane capacity as carriers confront operational challenges and recession worries. The big US carrier said revenues "improved at a rapid pace" during the quarter and that it expects full-year profitability in light of still-strong demand.
US to send more rocket systems to Ukraine, Moscow signals wider war aims
The United States on Wednesday promised to send more precision rocket systems to Kyiv, soon after Moscow signaled it was aiming to seize more Ukrainian territory beyond the eastern industrial region of Donbas. It is not only about the DNR and LNR, but also the Kherson region, the Zaporizhzhia region and a number of other territories," he explained to state media.
Food-laden trucks head for Panama City as road blockades persist
A convoy of some 200 food-laden trucks headed for Panama's capital on Wednesday with a police escort as protesters maintained crippling roadblocks in a standoff with the government over the soaring cost of living.
Eight ex-officials to face trial for Mexico metro collapse
Eight former officials will face prosecution over a Mexico City metro crash that left 26 people dead and dozens injured last year, a lawyer said Wednesday. No official serving under current Mayor Claudia Sheinbaum, another presidential hopeful, has been charged in connection with the crash.
Rights group slams Morocco, Spain over migrant deaths
A rights group on Wednesday said Moroccan and Spanish authorities were responsible for a horrific border tragedy last month in which two dozen migrants died.
The complex negotiations to get grain out of Ukraine
Talks are progressing on the opening of sea corridors to allow 20 million tonnes of grain still blocked in Ukraine and the upcoming harvests to be shipped around the world. The talks are crucial insofar as no other country has come forward so far able to make up for the shortfall on the market of initially 25 million tonnes of Ukraine grain.
Mali expels spokesman of UN peacekeeping mission
Mali is expelling the spokesman of the UN's peacekeeping force in the country over posts he made on Twitter, the foreign ministry said on Wednesday. The foreign ministry accused Salgado of Twitter posts "declaring without any proof that the Malian authorities had been previously informed" of their arrival.
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