AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Qatari banker Sheikh Jassim bin Hamad Al Thani has made a third and final offer to buy Manchester United, sources told AFP on Friday. Ratcliffe is also reported to have made another offer for United ahead of Friday's deadline for the third round of bidding.
Credit ratings agency Fitch downgraded France's debt worthiness a notch to "AA-" from "AA" on Friday, claiming the country's "fiscal metrics are weaker than peers "Public finances, and in particular the high level of government debt, are a rating weakness," Fitch said in a commentary on its rating action which said the country's outlook was stable.
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies continued to direct large cash payments to shareholders.
British music retailer HMV said Friday it will return to the site of its once-flagship store on London's Oxford Street after a turnaround in fortunes for the emblematic company. HMV will be "back by popular demand on Oxford Street", it said in a statement Friday and after the group returned to profit last year.
One hundred metres underground inside a pit in northern China, miners extract lumps of coal with the flick of a finger on a smartphone, as the country tries to drag the traditionally dangerous and dirty work into the digital era. The management says the underground team has been cut 40 percent -- though not the overall workforce -- and only essential maintenance miners descend into the pit.
ExxonMobil reported Friday that first-quarter profits more than doubled to $11.4 billion, as the US oil giant returned over $8 billion to shareholders during the period.
Germany teetered on the brink of recession Friday after official data showed the economy stagnated in the first quarter despite expectations for a slight rebound, as the energy crisis weighed on Europe's top economy.
The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 percent over the previous quarter as high inflation and interest rates weigh on activity.
AFP
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