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End of golden era for Chinese investors in Bordeaux wine
After over a decade of snapping up Bordeaux wine estates, buying into a dream of elegant living in France and good earnings in their home market, many Chinese investors are now selling up.
Ex-Abercrombie CEO pleads not guilty to sex crimes
The former chief executive of the Abercrombie and Fitch clothing giant has pleaded not guilty to trafficking male models for sex parties around the world, US prosecutors said Friday. Jeffries, Smith and the pair's fixer James Jacobson allegedly used a "casting couch" ploy to groom aspiring male models to attend sex parties at which victims were plied with alcohol and drugs.
Moody's cuts France outlook, opening door to credit downgrade
Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances. In the same statement, the agency affirmed France's credit rating at Aa2, saying this was supported by its "large, wealthy and diversified economy."
Boeing exploring sale of space business: report
Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported Friday. Boeing has for years worked closely with the US National Aeronautics and Space Administration (NASA), but the company's space program has suffered major setbacks in recent years.
G20 affirms commitment to transition from fossil fuels
G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released Friday. The latest talks took place as world financial leaders gathered in Washington this week for meetings hosted by the International Monetary Fund and the World Bank.
BHP, Vale agree to pay $30bn damages for Brazil dam disaster
Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster. President Luiz Inacio Lula da Silva attended the signing of the deal over the November 5, 2015 collapse of a tailings dam at a mine in the southeastern town of Mariana, which triggered a giant mudslide.
75 sickened as McDonald's severe E. Coli outbreak expands
A severe outbreak of E. Coli linked to McDonald's Quarter Pounder burgers has expanded to 75 reported cases, mainly in the western United States, authorities said Friday. McDonald's restaurants in the 13 impacted states have temporarily pulled Quarter Pounders from their menus, though other items, including other beef burgers, remain available.
Waymo ramps up robotaxi push with $5.6 bn in funding
Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco. Waymo One ride-hailing services operate in San Francisco, Phoenix, and Los Angeles, with the company saying it plans to expand to the cities of Austin and Atlanta as part of a partnership with ride-share platform Uber.
Elon Musk all-in for Trump as Moscow denies secret Putin talks
Billionaire Elon Musk, the world's richest man and an avid supporter of Donald Trump, was plunged into new controversy on Friday after a report that he is in regular contact with Russian President Vladimir Putin. "It is extremely problematic that the world's richest man can throw his money around in an attempt to directly influence the outcome of this election," Noti said.
AFP
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