AFP
19879 articles published since 08 Mar 2022
19879 articles published since 08 Mar 2022
The Miami Heat's arena, which had been sponsored by failed crypto giant FTX, will be known as the Miami-Dade Arena until a new naming partner is found, the basketball team announced on Friday.
The return of Gucci to the menswear catwalk calendar, robust sales of Italian fashion and a farewell to the pandemic-imposed trend of virtual shows -- it's all systems go for men's fashion week in Milan which opened Friday.
The US Treasury Department said Friday it will likely begin "extraordinary measures" next week to prevent a default on government debt, setting up a high-stakes showdown in Congress over raising the nation's borrowing limit. It would therefore need to "start taking certain extraordinary measures" to prevent a default.
The huge success of "Avatar: The Way of Water," James Cameron's sequel which is approaching $2 billion at the global box office, proves that "movies are back with a resurgence" after the pandemic, the Canadian director said. "Avatar: The Way of Water" came 13 years after the original film, which remains the highest grossing movie of all time, amassing $2.9 billion at the global box office.
Jamaican financial authorities have launched an investigation into a company holding investments for eight-times Olympic gold medalist Usain Bolt after reports that he may have lost millions to large scale fraud. Bolt retired from athletics in 2017 after a stellar career which in addition to eight Olympic golds included 11 World Championship gold medals.
Tesla on Friday announced it will cut the price of its best-selling electric vehicle models up to 20 percent in Europe and the United States, launching a price war as more rivals hit the market.
Major US banks reported mixed fourth-quarter results Friday as executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses. The biggest lift to earnings came from a whopping 48 percent rise in net interest income, offsetting the drag from lower investment banking results and elevated expenses.
Delta Air Lines on Friday reported better-than-expected results in the final months of 2022, helped by strong consumer demand, although it expects labor costs to weigh on first quarter profits this year. Looking ahead, Delta expects labor costs to weigh on profits in early 2023.
Morocco demanded Friday that a Madrid court rule it had nothing to do with the possible installation of Pegasus spyware on the phone of a Spanish journalist, who has blamed Rabat. Morocco was singled out as one of the countries that had bought the programme and whose intelligence services had used the spyware against journalists -- a claim denied by Rabat.
AFP
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