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Asian markets advance after record rallies
Asian shares climbed Friday following a day of record highs in Japanese, US and European markets after demand for AI-powering chips drove tech gains. The Nvidia and AI excitement prompted a broader rally in tech shares, with Wall Street and eurozone indices hitting fresh records.
Cheap mini-EVs sparkle in China's smaller, poorer cities
Tiny electric cars weave through traffic in southern China, their cheap and cheerful designs bringing a touch of colour to the EV revolution in the country's overlooked cities. China is the world's largest market for electric vehicles (EVs), with premium models by Tesla and homegrown giant BYD a common sight in the nation's affluent megacities.
US to sanction over 500 targets involved in Russia 'war machine'
The United States plans to impose sanctions on more than 500 targets involved in Russia's war in Ukraine, as fighting continues to rage two years after Moscow's invasion, the Treasury Department said Thursday.
Reddit files to go public as 'RDDT' on NYSE
Reddit on Thursday told US stock regulators that it plans to go public on the New York Stock Exchange under the symbol "RDDT". Reddit did not provide details regarding the number or price of shares nor when the initial public offering would occur.
Florida lawmakers push to ban social media for children under 16
Florida moved Thursday towards enacting what would be one of the strictest bans on children's use of social media in the United States after the state Senate passed a bill to keep those under 16 off such platforms.
Swiss-Italian chocolate war set to end with sweet truce
Swiss giant Lindt said Thursday a deal may soon be reached with group of Italian artisan chocolatiers that will allow for the creation of a protected status for Turin's famed gianduiotto.
Lagos state intervenes to ease Nigeria cost of living crisis
The governor of Nigeria's Lagos state on Thursday unveiled a series of measures aimed at easing the soaring cost of living after protests broke out.
Argentine austerity anger mounts, but govt says its working
Argentine trains ground to a halt and hospitals were left running on fumes this week as austerity measures sparked mass walkouts -- even as the country boasted its first budget surplus in 12 years. In January, Argentina reported its first monthly budget surplus in 12 years, while boosting the country's meagre foreign currency reserves from $21 billion to $27 billion.
US Fed official warns of inflationary risk of over-consumption
A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption. The number two man at the US central bank said he still expects growth in spending and production in the US to slow in 2024.
AFP
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