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Rising egg prices show cracks in sanctions-hit Russian economy
Rising egg prices show cracks in sanctions-hit Russian economy

Russians have voiced concern about the growing cost of a basic food staple -- eggs -- pointing to the fragile state of the sanctions-hit economy, as President Vladimir Putin seeks a fifth term in office. Eggs are a vital ingredient of many traditional Russian holiday dishes including the mayonnaise-heavy Russian "Olivier" salad, a staple of the New Year's feast.

by  AFP

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'Weak tea': Climate scientists push back against COP28 cheer
'Weak tea': Climate scientists push back against COP28 cheer
by  AFP

A UN climate deal that approved a call to transition away from fossil fuels has been hailed as a major milestone and a cause for at least cautious optimism. "The agreement to 'transition away from fossil fuels' was weak tea at best," he told AFP. "It's like promising your doctor that you will 'transition away from donuts' after being diagnosed with diabetes.

Brazil cuts interest rate another half-point
Brazil cuts interest rate another half-point
by  AFP

Brazil's central bank cut its key interest rate by half a point for the fourth straight time Wednesday, continuing the easing President Luiz Inacio Lula da Silva hopes will spur Latin America's biggest economy.

BP sacks former CEO for 'serious misconduct'
BP sacks former CEO for 'serious misconduct'
by  AFP

BP on Wednesday denied its former chief executive of more than £32-million ($40-million) payout because of his failure to disclose past personal relationships with colleagues. A year earlier, Brian Krzanich stepped down as chief executive of US computer chip giant Intel over a "past consensual relationship" with an employee in violation of the company's non-fraternisation policy. phz/srg/cw

Pfizer shares tumble on disappointing 2024 profit outlook
Pfizer shares tumble on disappointing 2024 profit outlook
by  AFP

Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic. The company, which reported more than $100 billion in revenue in 2022 due to the lift from Covid-19 vaccine and therapeutic sales, sees 2024 revenues of between $58.5 billion and $61.5 billion, according to its presentation.

Tesla files recall on 2 million vehicles to fix autopilot software
Tesla files recall on 2 million vehicles to fix autopilot software
by  AFP

Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to a risk linked to its autopilot software, the US traffic safety regulator said Wednesday. - Recall to add driver alerts - The recall covers 2.03 million Tesla vehicles and includes the Models S, X, Y and 3.

French winemakers adopt US-style marketing to halt falling sales
French winemakers adopt US-style marketing to halt falling sales
by  AFP

France's wine makers, faced with a steep decline in sales, are turning to US-style marketing to revive their fortunes, including deep dives into global pop culture. Hipster culture, with its taste for authenticity, could also be turned into fertile ground for wine sales.

German coalition reaches deal to end budget crisis
German coalition reaches deal to end budget crisis
by  AFP

German Chancellor Olaf Scholz's coalition has reached a last-minute deal to end a budget deadlock, an official source said Wednesday, after a constitutional court ruling upended its spending plans and plunged it into a crisis. The ruling blew a huge hole in spending plans, forcing the government to adopt an emergency budget for 2023, and sending it scrambling for a new plan for 2024.

Cambodia's women tuk-tuk drivers fighting prejudice
Cambodia's women tuk-tuk drivers fighting prejudice
by  AFP

Every day Roeung Sorphy deftly weaves through the streets of Siem Reap, zigzagging past cars, motorbikes and the occasional stray dog as she shepherds tourists to the famed Angkor Wat temple complex. Finding Phnom Penh tough, the 39-year-old moved to Siem Reap in 2015 to drive tourists.