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Author's articles
Climate finance summit wraps up eyeing bigger progress
A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
Japan inflation slows to 3.2 percent in May
Japan's consumer prices rose 3.2 percent year on year in May, with the pace of inflation slowing from the 3.4 percent recorded in April, government data showed Friday. Excluding energy, the data released by the ministry showed prices rose 4.3 percent in May, up from 4.1 percent in April.
Disney use of AI for Marvel TV series spooks Hollywood
The use of artificial intelligence in the new Marvel superhero series "Secret Invasion" has sparked anxiety and anger in Hollywood, at a time when television and film writers are already striking over their uncertain futures. Method Studios, the company credited with creating the main titles for "Secret Invasion," said AI was "just one tool among the array of tool sets our artists used."
US county sues oil companies for $51 bn over 'Heat Dome' disaster
A county in the northwestern state of Oregon on Thursday filed a lawsuit against major fossil fuel corporations seeking more than $51 billion over the 2021 "Heat Dome," one of the United States' deadliest ever weather disasters.
Dutch court says Angola's dos Santos diverted millions
A Dutch court has ruled that Isabel dos Santos, the daughter of Angola's late former president, illegally diverted 52 million euros from the southwestern African nation's state oil company.
Five things to know about Zambia
Copper-rich Zambia, the first African country to default on its debt during the Covid pandemic, on Thursday secured a deal from creditors to restructure its debt at a global finance summit in Paris. - Crippled by debt - In 2020, Zambia became the first country in Africa to default on its foreign debt since the start of the Covid-19 pandemic.
Ford-backed electric battery venture approved for $9.2bn US loan
A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday.
Church of England dumps all oil and gas investments
Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns. "With the 2021 exclusions and those announced today, the Church Commissioners (for England) will have excluded all oil and gas majors," it said.
US home sales tick up in May but activity muted
Sales of existing homes in the United States edged up in May but activity remained muted on tighter supply and with interest rates still elevated, according to industry data released Thursday. Another factor, however, is available inventory and "existing-home sales activity is down sizably due to the current supply being roughly half the level of 2019," Yun said in a statement.
AFP
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