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Ukraine's allies vow to make Russia pay
Ukraine's Western allies on Wednesday promised to make Russia pay for its invasion, as governments and private investors met to fund the country's reconstruction from the ravages of war. As well as government support, it is hoped more private-sector firms will join the reconstruction effort.
Drones steal the spotlight at Paris Air Show
Drones of all shapes and sizes designed to carry more and more weapons or directly deliver explosives are everywhere at the Paris Air Show, matching the scale of their deployment on Ukrainian battlefields. "All sizes of unpiloted aircraft are the future," said the firm's marketing chief Mark Brinkley, in Paris to show off the latest Reaper MQ-9B currently being delivered to Britain.
US agency sues Amazon for tricking customers into subscription service
Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday.
Fed Chair: may make sense to raise rates but at 'more moderate pace'
The US Federal Reserve expects to continue raising interest rates but to slow down the pace of hikes, Fed chair Jerome Powell told a Congressional hearing Wednesday. "Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year," he said Wednesday.
Pharrell breaks down barriers between fashion and music
Paris became a playground for Pharrell Williams and his celeb friends at his debut show for Louis Vuitton, collapsing the distance between fashion, music and money-spinning publicity. Williams appears to be taking the job seriously, having moved his family to Paris and setting up a music studio at Louis Vuitton's headquarters to balance his professions.
Climate-vulnerable nations lead the way on finance reform
When Barbados Prime Minister Mia Mottley laid out a plan to fix the international financial architecture at climate talks last year, she galvanised world leaders on reforms that had languished for years. "There needs to be a new deal," Mottley told world leaders at the COP27 climate summit in Egypt in November, laying out the Barbados "Bridgetown Initiative" plan.
Musk meets Modi to discuss investment in India
Twitter owner and Tesla CEO Elon Musk said Wednesday he discussed potential "significant investments" in India after meeting Prime Minister Narendra Modi in the United States. Musk, one of the world's richest men, said that Modi was "pushing us to make significant investments in India, which is something that we intend to do, and are trying to figure out the right timing".
Kenya minister under fire over diatribe against media group
Kenya's trade minister is at the centre of a firestorm over a series of derogatory remarks against a leading media outlet, including calling its journalists "prostitutes". - 'National shame' - Media associations have reacted with fury to the comments by the minister, who had taken centre stage on Monday at the signing of a major trade deal with the European Union.
High inflation hinders UK cost-of-living fight
Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis. Britain has endured months of strikes by workers demanding higher wages to help with the cost-of-living crisis.
AFP
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