AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired. "I was completely stunned," Kadowsky, 58, told AFP. Kadowsky and 130 other people will lose their jobs with the closure of the plant next year.
IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices. Ticket prices have soared since the pandemic, driven by rising fuel costs, increased demand and capacity constraints.
US Secretary of State Antony Blinken and Pentagon chief Lloyd Austin visited Australia Friday on the final leg of a Pacific tour designed to reinforce Washington's standing in the region. Pentagon chief Austin comes to Australia from Port Moresby, where the United States signed a defence agreement earlier this year giving troops access to key military facilities.
Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa's only profitable carrier still faces "real challenges" in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June 30 "was a very successful year," Mesfin Tasew said in an interview in Ethiopia's capital Addis Ababa.
Around 5,000 Citroen 2CVs from across the globe are tootling into the Swiss countryside this week for a mass gathering celebrating the instantly recognisable French classic car. "I think the magic of the 2CV, it's iconically French.
Chip giant TSMC said it is determined to "keep its roots in Taiwan", as it launched a massive new research and development facility in the northern city of Hsinchu on Friday. At the Friday launch of its R&D facility, chairman Mark Liu said the centre will "develop world-leading technologies in the semiconductor industry more actively to explore 2-nanometre and 1.4-nanometre technology".
Authorities were racing Thursday to prevent a possible ecological disaster off the Dutch coast where a blaze raged aboard a car carrier ship for a second day. - 'Very concerned' - Officials said the fire could rage "for days", raising the spectre of an ecological disaster on a nearby chain of islands, which include Terschelling and Ameland, where the fire was first reported.
The Bank of Japan on Friday eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates and the yen comes under pressure against other major currencies. The currency has been hammered for more than a year as the BoJ refused to shift from its policy, even as central banks around the world pushed up interest rates to fight surging inflation.
Equities fell Friday following a sell-off on Wall Street where forecast-beating data revived concerns the Federal Reserve could hike interest rates further, while speculation swirled that the Bank of Japan could be preparing to shift from its era of easy money.
AFP
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