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US capital sputters as federal workers stay home
Washington's role as the US capital makes it reliant on government workers for its economic success -- and many are choosing to stay home, perhaps for good, leaving vast federal offices empty and the city struggling.
Commute no more: US employees embrace telework
Commuting to and from the office five times a week? "If I worked for an employer that required five days a week, I just don't think that would be on the table for me," Claire, the Washington-based consultant, told AFP. Claire, who requested anonymity to discuss her employment, goes to the office irregularly, usually once every two weeks, sometimes more often.
Last artisanal fishermen of Brazil's Copacabana seek revival
Each day at dawn, Manoel Reboucas launches his small motor boat into the sea off Copacabana, a reminder of the century-old fishing collective established here long before it became Rio de Janeiro's most famous beach.
Mexican and Russian oil shipments ease Cuban fuel crisis
With oil tankers docking from Mexico and Russia in recent days, Cuba could see its severe fuel shortage ease for the near future. It only produces a third of the fuel it needs each day, while residents navigate blackouts and food shortages.
UBS set to carve up Credit Suisse after takeover day
UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning the arranged marriage of Switzerland's biggest banks into a success.
Pakistan unveils $51 billion budget, with half to service debt
Pakistan's cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt. Still, the latest budget sets aside 1.07 trillion rupees for subsidies.
Turkey's 'genius' central banker faces high expectations
"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.
Indonesia Indigenous group requests internet blackout
An Indigenous community in Indonesia has requested an internet blackout in their area to minimise the "negative impact" of the online world, officials said Friday.
Former Wall Street exec named head of Turkey central bank
Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as central bank governor on Friday, signalling a possible shift from his unconventional policies to fight soaring inflation. Erdogan in the past sacked central bank governors after disagreements over interest rate policy, in a move that unsettled investors.
AFP
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