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Leftist US senator pushes for $17 minimum wage
Leftist US senator Bernie Sanders introduced a bill Thursday to raise the minimum wage to $17 an hour, reigniting the battle for better federal pay standards as workers see pandemic-era gains erased by runaway inflation. Some 35 million US workers still earn less than $17 an hour, Sanders said.
Nestle faces mineral water problems in drought-hit France
Global food and beverage giant Nestle said Thursday that it would stop extracting from two mineral water wells in eastern France due to drought and increasingly unpredictable weather conditions.
Niger uranium mine set to operate until 2040
The government of Niger and French nuclear firm Orano on Thursday signed a deal to extend the operational life of the country's sole uranium mine. Orano is the restructured successor to the state-owned Areva, which began uranium mining in the former French colony around 50 years ago, extracting raw material intended mainly for France's nuclear industry.
Branson feared he would 'lose everything' during pandemic
British entrepreneur Richard Branson defended his Virgin empire's request for government support during the coronavirus pandemic, telling the BBC in an interview to be aired Thursday that he feared he would "lose everything".
Africa eyes potential bounty from space
After decades on the sidelines, African countries are venturing into the space industry, hoping to reap rewards in agriculture, disaster prevention and security. According to AU space programme coordinator Tidiane Ouattara, about 15 African countries have a space agency.
ECB slows rate hikes, but says inflation still 'too high'
The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take their toll, but said the inflation outlook remained "too high for too long". "The inflation outlook continues to be too high for too long," it said.
Microsoft expands AI access to public
Microsoft on Thursday expanded public access to its generative artificial intelligence programs, despite fears that tech firms are rushing ahead too quickly with potentially dangerous technology. A prominent computer scientist often dubbed "the godfather of artificial intelligence" recently quit his job at Google to speak out about the dangers of the technology.
Asian markets mixed after US fed hikes rates again
Asian markets were mixed in early trade on Thursday, after the Federal Reserve soured the mood on Wall Street by not only raising rates but also indicating that it would not cut them any time soon. Hong Kong, however, bucked the slide on Wall Street to post solid morning gains of around one percent, driven by commerce and industry stocks.
ECB expected to slow pace of rate hikes
The European Central Bank is expected to hike interest rates again Thursday to fight inflation but at a slower pace, as higher borrowing costs take their toll and banking sector fears resurface. Concerns about the banking sector -- and the impact on lenders of monetary tightening -- also resurfaced this week after the collapse of another US lender.
AFP
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