AFP
19879 articles published since 08 Mar 2022
19879 articles published since 08 Mar 2022
Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation. The United States added 107,000 jobs in the private sector this month, ADP said, slowing from a revised 158,000 in December.
French President Emmanuel Macron said Wednesday that Europe needed a "smarter" and less regulated industrial and energy policies. "We need a smarter European industrial policy," he said.
H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter. But in the fourth quarter, the fashion giant reported a four percent drop in net sales in local currencies.
Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax. Also Tuesday, Spain's second-largest bank BBVA posted profits of eight billion euros in 2023, in a figure 22 higher than a year earlier, which was also a record.
Asian equities fluctuated Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.
While most of the world treats Afghanistan's Taliban government as a pariah, China is growing diplomatic and economic links -- and Kabul is happy for the attention. While Beijing has played down the formality of these growing links, it is steadily increasing investment and exposure -- a relationship that could benefit both parties, analysts and diplomats say.
China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday. That compared with 4.91 million exported by China, as reported by the China Association of Automobile Manufacturers this month.
Retired nurse Nga put her life savings into a bond at Vietnam's SCB bank, but now cannot access her money after being caught up with tens of thousands in a multibillion-dollar scam that has shocked the nation.
Once a byword for environmental disaster due to its heavy industry and mining, the city of Bitterfeld-Wolfen is poised to become a key site for Germany's ambitious green transition. - Mine project - Closer to Bitterfeld-Wolfen, Zinnwald, a small village near the Czech border, an AMG-backed project is taking the more conventional approach to mine lithium ores from the ground.
AFP
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