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General strike in Greece against cost of living
Thousands of people demonstrated in Athens and other cities Wednesday as a 24-hour general strike against the rising cost of living shut down public services and part of the transport network. Some 15,000 people marched in the capital, while another 4,000 demonstrated in Greece's second city Thessaloniki, police said.
Floods to shave 0.2 percentage points off Spain's growth
The floods which killed 227 people in Spain last month could shave 0.2 percentage points off its economic growth in the final quarter of 2024, the central bank said Wednesday. "The estimated impact would be close to -0.2 percentage points on the quarterly growth rate in the fourth quarter," Bank of Spain governor Jose Luis Escriva told reporters in Madrid.
Japan ramps up tech ambitions with $65 bn for AI, chips
Japan is readying a $65-billion push in microchips and artificial intelligence aimed at reclaiming its status as a global tech leader and meeting the urgent challenges of its ageing, shrinking population.
Asian markets struggle as traders weigh geopolitical tensions
Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump's second presidency and the outlook for US interest rates. That has dampened hopes for several Federal Reserve interest rate cuts next year.
Strike at French cognac maker Hennessy over measures in China spat
Strike at French cognac maker Hennessy over measures in China spat
Trump names China hawk Howard Lutnick as US commerce secretary
US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration. As co-chair of Trump's transition team, Lutnick has been identifying new hires for the president-elect's administration. bys/bjt
Trump names China hawk Howard Lutnick commerce secretary
President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration. Trump's administration could harden this stance.
New Botswana leader eyes cannabis, sunshine to lift economy
Botswana will diversify its diamond-dependent economy by launching into the medicinal cannabis market and exploiting its abundant sunshine, President Duma Boko said Tuesday, in his first state of the nation address. The arid country will also begin cultivating medicinal cannabis and industrial hemp to plug into the growing international market.
Taxing the richest: what the G20 decided
Anti-poverty campaigners have hailed a decision by G20 leaders meeting in Rio to make sure the world's billionaires "are effectively taxed." On Monday, G20 leaders corroborated that decision in a statement with the same wording.
AFP
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