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EU to revamp budget rules to spur growth
The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending. EU member states' debts have since rocketed, and the only thing every country agrees on is the need to reform the pact.
Asian stocks off to shaky start after rout on Wall Street
Asian stocks were off to a shaky start on Wednesday following plunges on Wall Street fuelled by concerns for the banking sector and broader fears of recession. Shares of First Republic plunged 49 percent, pressuring other regional banks that have been seen as vulnerable.
'Impossible to keep track': Spain's gamble on green hydrogen
Major green energy projects are sprouting up across Spain as it seeks to position itself as a future green energy leader -- but experts have urged caution over costs and demand uncertainty. - 'Long-term race' - A major drawback for green hydrogen, however, has been the high cost of producing it.
'Infernal': Fuel crisis driving Cubans round the bend
The streets of Havana are quieter than usual -- many of the rattling old cars the city is known for stand idle amid Cuba's worst fuel shortage in years. For now, many of Cuba's 600,000-odd cars -- for a population of 11.1 million people -- are not going anywhere.
EU to unveil reforms for cheaper drugs
The EU on Wednesday is to unveil a long-awaited proposed reform of legislation governing pharmaceutical drugs to make them cheaper, prevent shortages and speed up delivery of new compounds. That is the prerogative of national governments who negotiate with pharmaceutical groups.
Drought threatens Panama Canal shipping traffic
Drought has forced Panama's authorities to reduce shipping traffic in the canal that links the Atlantic and Pacific as a water supply crisis threatens the future of this crucial waterway.
Tiffany to reopen NYC flagship under French management
The tarpaulins and scaffolding that obscured the facade of Tiffany and Co's flagship New York jewelry store for years have finally come down ahead of its re-opening this week. - Beyonce and Nike - Tiffany was founded in New York in 1837, and has become best known for its diamonds, silver jewelry and engagement rings sold in the brand's iconic robin's egg blue boxes.
Google earnings top expectations as AI battle heats up
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. In its results, Google announced a $2 billion charge for expected costs for the sackings.
Republicans take aim at Biden with 'fact check' website
Just before Joe Biden announced his much-anticipated 2024 re-election bid Tuesday, his Republican opponents took aim at the US president in an unexpected way – they rolled out a website to "fact check" him. During a presidential debate in 2016, in which Hillary Clinton was pitted against Trump, the Democrat's personal website ran a live "fact-check" of her opponent.
AFP
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