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EU agrees new sanctions over Russia's war in Ukraine
The EU agreed a new round of sanctions over Russia's war in Ukraine on Friday, the one-year anniversary of Moscow's invasion, the bloc's Swedish presidency announced.
History says Fed can't tame inflation without recession: report
There is no recent precedent for a central bank successfully defeating inflation without "substantial economic sacrifice or recession," said a report presented Friday to Federal Reserve policymakers.
Meta unveils more cautious approach to ChatGPT frenzy
Facebook-owner Meta on Friday unveiled its own version of the artificial intelligence behind apps such as ChatGPT, saying it would give access to researchers to find fixes to the technology's potential dangers. Meta said these problems, sometimes called hallucinations, could be better remedied if researchers had improved access to the expensive technology.
Fourth season of 'Succession' to be last for megahit show
Fans of HBO juggernaut "Succession" will soon bid a final farewell to the family business drama which will end after its upcoming fourth season, according to the show's creator.
Ericsson to cut 8,500 jobs worldwide
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting programme as financial headwinds push operators to rein in spending. Ericsson said 1,400 of the job cuts were in Sweden, which had already been announced earlier this week.
G7 beefs up Russia sanctions on Ukraine invasion anniversary
The United States on Friday announced sweeping sanctions aimed at increasing economic pain for Russia over its invasion of Ukraine and sharpening efforts to crack down on Moscow's ability to evade existing restrictions.
Macron under fire for honouring Bezos with top award
President Emmanuel Macron was under fire from the French left on Friday for handing billionaire Amazon founder Jeff Bezos the country's highest order of merit. The Legion of Honour, first established by Napoleon Bonaparte at the start of the 19th century, is France's highest order of merit for both soldiers and civilians.
Fed's preferred inflation gauge up as spending bounces
A key indicator of US inflation rose in January, according to government data released Friday, while spending bounced after retail sales were boosted by good weather. But Ian Shepherdson of Pantheon Macroeconomics said in a recent note that "weather boosts to spending usually are one-time factors."
British Airways parent IAG flies back into annual profit
IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a return to profit in 2022 as the global aviation sector reopened from Covid lockdowns. Gallego added that IAG would look to return to much higher pre-Covid profit levels "within the next few years".
AFP
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