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Argentina's battered middle class shrinking under Milei
Argentina's middle class is vanishing: with austerity cuts introduced by self-proclaimed "anarcho-capitalist" President Javier Milei, ever more people cannot afford schooling or medicine, even those holding down two jobs. In 2012, the World Bank said Argentina's middle class had doubled over a decade to reach 18.6 million people, or 43 percent of the population.
'Overly rosy picture': KLM loses Dutch 'greenwashing' case
Dutch airline KLM misled consumers with "vague and general" adverts about its efforts to reduce the environmental impact of flying, an Amsterdam court ruled Wednesday in a greenwashing case brought by a pressure group. In the case of SAF, the court ruled that while it can contribute to reducing the harmful impact of flying, "the term 'sustainable' is too absolute and not sufficiently concrete.
Polish farmers block roads to protest Ukraine imports
Polish farmers on Wednesday staged tractor blockades on roads nationwide in their latest protest against farm imports from outside the European Union and the bloc's environmental red tape. "We as farmers will not give up so long as our demands are not fully met," protest organisers said in a statement ahead of the nationwide blockade.
French regulator hits Google with 250-mn-euro fine
French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching commitments on paying media companies for reproducing their content online and using their material for its AI chatbot without telling them.
Chinese internet giant Tencent posts lowest annual profit since 2019
Chinese internet giant Tencent on Wednesday posted its lowest annual profit since 2019, despite slight improvements recently in China's economy and a more lenient attitude taken by regulators towards the tech sector. Authorities have since relaxed their approach to regulating the vital domestic tech sector as broader concerns about the health of China's economy mount.
UK inflation slows to lowest level in almost 2.5 years
Britain's annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start cutting interest rates in the coming months. "The Bank of England has already said it's not going to cut interest rates in a hurry," Sarah Coles, head of personal finance at Hargreaves Lansdown, said following Wednesday's data.
Apple CEO in China ahead of Shanghai store opening
Apple CEO Tim Cook was on a China charm offensive Wednesday ahead of a new flagship Shanghai store opening, weeks after a report suggested the company's sales in the country slumped at the start of 2024. A recent Counterpoint Research report said iPhone sales in China fell nearly a quarter year-on-year over the first six weeks of 2024.
EU strikes deal to cap Ukraine imports of poultry, corn, some grains
EU member states and lawmakers on Wednesday reached a deal to cap duty-free imports of some Ukrainian grains, which were allowed in the wake of Russia's invasion but have drawn fierce protests from farmers in the bloc.
Vietnam farmers struggle for fresh water as drought brings salinisation
Every day, farmer Nguyen Hoai Thuong prays in vain for rain to fall on the cracked dry earth of her garden in Vietnam's Mekong Delta -- the country's "rice bowl" agricultural heartland. I have to change to raising cows instead," 31-year-old farmer Thuong told AFP from her burning hot village, where ground that should be lush wet rice paddy stands cracked and dry.
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