AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Israeli defence exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.
Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to accelerate rollout of faster 5G connectivity, the pair announced Wednesday. Expansion of 5G across the UK has been hampered by Britain's ban on Chinese giant Huawei, a major supplier of equipment for mobile telephone networks.
The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition.
Turkish President Recep Tayyip Erdogan signalled Wednesday that he would let his new economic team hike interest rates to combat inflation and stabilise the lira, reversing an era of unconventional policies. Erdogan's comments suggest that the powerful Turkish leader has given his new team time to show that their more conventional economic policies work.
Shell plans to maintain oil production levels until 2030, the British energy giant said Wednesday, triggering an outcry from green campaigners who also slammed a big payout for shareholders. "Our target of a reduction in oil production by 2030 has not changed.
Global oil demand could peak before the end of this decade as the energy crisis has accelerated the transition to cleaner technologies, the International Energy Agency said Wednesday.
The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy. Alongside its interest rate announcement Wednesday, the Fed will also release updated economic forecasts.
European Parliament lawmakers will vote Wednesday to kickstart talks to approve the world's first sweeping rules on artificial intelligence systems like ChatGPT, aiming to curb potential harms while nurturing innovation. Lawmakers have hailed the draft law as "historic" and pushed back against critics who say the EU's plans could harm rather than encourage innovation.
Asian investors pushed equities even higher Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
AFP
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