Latest News

Elon Musk says 'many mistakes' made since Twitter takeover
Elon Musk says 'many mistakes' made since Twitter takeover
Business and Economy
by  AFP

Twitter boss Elon Musk said running the social media network has been "quite a rollercoaster" and acknowledged "many mistakes" along the way, six months after he bought the company for $44 billion. Musk, in assessing his time in charge of the social media network since he took over in October, said it had been "a stressful situation over the last several months".

Volvo's shares up after record first quarter profits
Volvo's shares up after record first quarter profits
Business and Economy
by  AFP

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry. In January, the truck-maker reported a slightly lower profit for 2022, despite a rise in sales, and warned that the "global supply chain for components is still unstable."

Building fever grips Greece as tourism booms
Building fever grips Greece as tourism booms
Business and Economy
by  AFP

It's early morning in the picturesque village of Naoussa on the Greek island of Paros, and jackhammers are already echoing as locals ready for what they hope will be a record tourist season. "The tourist season this year will be the best ever," said Paros mayor Markos Kovaios, with the island's permanent population of 15,000 increasing five fold last summer.

Asian markets mixed as traders await key inflation report
Asian markets mixed as traders await key inflation report
Business and Economy
by  AFP

Asian markets were mixed Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision-making. Analysts said the next few days could play a key role in market sentiment as Wednesday's consumer prices report will be followed by data on wholesale prices Thursday, then the start of the corporate reporting season on Friday.

Thailand's China-built high-speed rail, on track but delayed
Thailand's China-built high-speed rail, on track but delayed
Business and Economy
by  AFP

One of Thailand's oldest railway stations is facing demolition as the kingdom presses ahead with a long-delayed Chinese-backed high-speed line that has caused unease about lost heritage and closer ties to Beijing. The junta led by Prayut pushed closer ties with China, leading some to fear that Thailand was abandoning its policy of trying to balance relations with Washington and Beijing.