AFP
19848 articles published since 08 Mar 2022
- All (19848)
- Business and Economy (13359)
- World (4590)
- Africa (976)
- Technology (914)
- Asia (5)
- Energy (1)
- Industry (1)
- Economy (1)
- Football (1)
Author's articles
US Fed's caution on rate cuts could cause friction with Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. In Trump's orbit, there is also strong disagreement that some of the proposed policies are actually inflationary.
Japanese inflation jumps to 2.7% in November
Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday. "Core core CPI", which excludes both fresh food and energy prices, stood at 2.4 percent.
New Nike CEO vows turnaround after earnings drop
Nike reported lower profits on another drop in revenue Thursday, with new CEO Elliott Hill vowing to get the slumping sports giant back on track. A self-described Nike "lifer" who first joined the company as an intern, Hill retired from the sports giant in 2020.
El Salvador plans to sell or shut its crypto wallet
El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.
IMF confirms talks with Argentina about new loan agreement
The IMF and Argentina have begun negotiations over a new loan agreement as the current program draws to a close, a spokesperson for the international financial institution confirmed Thursday. The IMF's current 30-month loan agreement with the South American country expires on December 31, and is worth around $44 billion, making it the largest program it has.
Thousands of US Amazon staff strike days before Christmas
Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season. In Germany, an affiliate of the union ver.di also launched a stoppage at an Amazon facility in the western part of the country, saying it was operating in solidarity with the US union.
Tariffs could cause 'massive' price increases: Top Biden advisor
Sweeping tariffs under consideration by Donald Trump could cause "massive" increases to the cost of producing everyday goods including coffee and chocolate, President Biden's top economic advisor said Thursday. "So you could see a real, massive change in their cost structures, which would lead to massive increases in their prices."
Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft
Turkey's Pegasus Airlines said Thursday it would buy 200 Boeing 737 MAX 10 aircraft in its largest-ever order worth some $36 billion as it seeks to expand its service. "Pegasus has signed an agreement with The Boeing Company for 200 Boeing 737-10 aircraft," the low-cost airline said in a statement that valued the "historic" contract at "approximately $36 billion".
US govt shutdown looms as Trump, Musk kill funding deal
The United States was staring down the barrel of a holiday-period government shutdown Thursday as a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.
AFP
Load more