AFP
13876 articles published since 08 Mar 2022
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London Fashion Week blends tweed and Y2K amid economic gloom
From tweed to the iconic low-rise jeans of the early 2000s, London Fashion Week unveiled a spectrum of styles on Friday, kicking off its 40th season which has been dimmed by the UK's gloomy economy. And while it remains less prestigious than Paris or Milan, London Fashion Week is celebrated for being freer, more radical, and less formulaic.
US wholesale prices rose more than expected in January
US wholesale prices rose more than expected in January, according to government data published Friday, as services costs were lifted by a jump in the index for hospital outpatient care. The "major factor" behind the rise in the services index was the 2.2 percent monthly rise in hospital outpatient care, while a range of other services also rose, the Labor Department said in a statement.
Russian invasion catalyst for renewables in Ukraine: minister
The wartime destruction of its coalmines and several of its power plants are proving a catalyst for Ukraine's renewable energy transition, said the country's Energy Minister German Galushchenko. The minister said moves towards wind and solar power, coupled with the war's impact on classic energy infrastructure, means that "the green transition should be implemented faster than we expected."
France, Germany block EU deal on scaled-back app worker law
France and Germany on Friday refused to back a watered-down agreement on controversial EU rules covering app workers in the gig economy, European diplomats said. The European Union's objective was to bring in bloc-wide rules that supporters hoped would improve conditions for app workers in the gig economy by reclassifying some as employed.
'Resilient' Africa set for growth rebound: ADB
Africa saw the pace of economic growth sag last year as inflation continued to rise but is set to rebound this year, the African Development Bank said Friday. While economic growth slowed to 3.2 percent last year, from 4.1 percent in 2022, according to the ADB's calculations, this still makes it the world's second-fastest-growing region after Asia.
UK bank NatWest shakes off CEO turmoil as profits jump
British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil. - Shares surge - The bank on Friday added that operating pre-tax profit came in at £6.2 billion, the highest since 2007, or eve of the crisis.
EU watchdog urged to reject Meta 'pay for privacy' scheme
Civil rights groups on Friday called on an EU watchdog to rule against Facebook owner Meta's scheme to let Europeans pay to opt out of data tracking, which they say violates EU law. The EU regulator, the European Data Protection Board (EDPB), is due to decide shortly on whether a system like Meta's violates the bloc's data privacy laws.
EU rules policing digital content kick in Saturday
Digital companies will have nowhere to hide after the EU's landmark content law enters into full force from Saturday, with the risk of heavy fines for any violations. The EU will officially be able to hit companies with sanctions, including fines, for any violations from Saturday.
Asian markets rally after Wall Street highs
Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan. Despite the recession woes and US retail sales dipping more than expected in January, Innes said "the regional and global interest rate environment remains supportive for risk markets".
AFP
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