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Long Covid costs Australia millions of working days
Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages. The treasury report found that lingering effects of the coronavirus have been keeping some 31,000 Australians away from work every day.
Christie's to auction Microsoft co-founder Allen's $1bn-plus art collection
Christie's announced plans on Thursday to auction the art collection of late Microsoft co-founder Paul Allen, which it estimated to be worth more than $1 billion. Christie's did not detail what else is in the collection, but a traveling exhibit in 2016 gave a glimpse of the richness of the Allen art trove.
Asia stocks up before Powell speech, China tech adds support
Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation. Most expect him to confirm that more hikes are on the way as officials try to bring inflation down from painful highs not seen in four decades.
Air raid warning puzzles Swedish motorists
Swedish motorists were left puzzled this week after mistakenly receiving an air raid warning, an incident authorities termed "serious" on Thursday given the war in Ukraine and Russia's irritation over Sweden's NATO bid. Moscow has reacted frostily to Sweden's decision to abandon two centuries of military non-alliance and seek NATO membership following Russia's invasion of Ukraine in February.
Taiwan fruit, fish farmers feel squeeze of China's sanctions
As a Taiwanese fighter jet screamed over the lush green fields of eastern Hualien county last week, pomelo farmer Mulin Ou sat in his orchard counting the cost of China's latest push to squeeze the island. The overall impact of China's latest economic sanctions is limited.
Brazil's Bolsonaro bets on 'moderate' tone to win vote: minister
Far-right President Jair Bolsonaro is not exactly known for mild rhetoric, but with Brazil deeply divided heading into elections, he is counting on a more moderate image and economic upturn to win, his communications minister says.
Fed's Powell to hammer home inflation-fighting message
With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve's policy course: Interest rates will continue to rise. Avoiding a recession as interest rates rise remains a tough job for central bankers everywhere.
More US states ban abortion as Democrats push back
Abortion became illegal in three more US states on Thursday, further restricting access to elective terminations for millions of women despite some signs of popular and judicial pushback. State restrictions range from total bans on elective abortions to bans after six weeks, when many women do not even know they are pregnant.
Two plead guilty to stealing, selling Biden daughter's diary
Two people pleaded guilty Thursday to stealing and selling for $40,000 the private diary of President Joe Biden's daughter Ashley Biden, when he was running for office against Donald Trump in 2020. The Justice Department announced the guilty pleas by Aimee Harris and Robert Kurlander in court filings that refer to the victim as the daughter of "Candidate-1" -- widely understood to be Biden.
AFP
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