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UK to ban foreign state ownership of British newspapers
The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. The announcement sparked an uproar in British media circles and the UK government quickly opened a formal probe into the sale on public-interest grounds.
US urges Panama to remove flag from rogue Iranian ships
A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington. According to Paley, at least six ships flying the Panamanian flag have violated these sanctions since January.
Brazil revs up for jolt of hybrid car investments
Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy. Toyota, which has bet bigger on hybrids than fully electric cars, announced it would pump $2.2 billion into Brazil until 2030.
TikTok devotees say platform unfairly targeted for US ban
TikTok creators voiced outrage Wednesday over proposed legislation that could scuttle the platform in the United States, saying it defies common sense and financial wisdom. "There is no sense of community on any other platform in comparison to what TikTok has created," King said.
Yellen says US unlikely to see 'stagflation'
The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower. While it takes time for changes to filter into inflation measures, she stressed that she has "every expectation" housing costs will move down this year, easing price pressures.
IMF officially process to find new managing director
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
Cuba's currency conundrum: four ways to pay
"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.
Methane emissions from energy sector rose in 2023: IEA
Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy Agency said Wednesday. It said nearly 120 million tonnes was released in 2023 -- a small rise compared with 2022, and close to the record high in 2019.
UK agrees closer Texas trade ties as US talks stall
Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States. As well as failing to secure a US-wide deal, negotiations have paused on talks with Canada.
AFP
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