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Thousands stranded at Philippine airports due to technical glitch
Thousands of travellers were stranded at Philippine airports on Sunday after a "loss of communication" at the country's busiest hub in Manila forced hundreds of flights to be cancelled, delayed or diverted. More than 280 flights in and out of Manila were cancelled, diverted or delayed, affecting around 56,000 passengers.
Croatia switches to euro, enters borderless Europe club
Croatia on Sunday switched to the euro and entered Europe's passport-free zone -- two major milestones for the country after joining the EU nearly a decade ago. It is the 27th nation in the passport-free Schengen zone, the world's largest, which enables more than 400 million people to move freely around its members.
China's Xi says 'light of hope in front of us' on Covid
President Xi Jinping said Saturday the "light of hope is right in front of us" as China faces an explosion of Covid-19 cases after an abrupt lifting of restrictions. Everyone is working resolutely, and the light of hope is right in front of us," Xi said in a televised address for the New Year.
Croatia set to enter euro, borderless Europe club
Croatia was counting the last hours Saturday before switching to the euro and entering Europe's passport-free zone -- two milestone steps for the country since joining the EU nearly a decade ago. It will also be the 27th nation in the passport-free Schengen zone, the world's largest, which enables more than 400 million people to move freely around its members.
China's manufacturing activity drops despite lifted Covid restrictions
China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's loosening of Covid restrictions at the beginning of the month. On December 7, Beijing abruptly loosened pandemic restrictions, but despite that, the country is still struggling to recover due to a surge in Covid cases.
Between new rivals and a distracted boss, Tesla suffers on Wall Street
Tesla lost a staggering two-thirds of its market value in 2022, a victim of fears about demand for electric vehicles, dismay at Elon Musk's tribulations as head of Twitter and the end of easy money on Wall Street. But to some analysts, the problems at Tesla are more serious and unrelated to Twitter -- mainly because the days where it was the sole player on the electric vehicle market are over.
US stocks ready to end 'terrible year' of rate hikes and inflation
Wall Street is headed for its worst showing in years as US stocks slumped Friday, ready to end a "terrible year" shaken by inflation and aggressive responses to rein in costs. It has been "a terrible year," Stovall said.
Sweden takes EU presidency after shift to the right
Sweden takes over the EU's rotating presidency from January 1 vowing to maintain unity on Ukraine and uphold free trade in the face of calls for a tougher response to US green subsidies. On issues of substance, Sweden is looking to relaunch negotiations for free trade agreements with a string of countries and regions.
Sanctions-hit Huawei says back to 'business as usual'
Chinese tech giant Huawei said on Friday it had returned to "business as usual" despite US sanctions as it estimated annual revenues to remain flat for 2022. The company estimated annual revenue for 2022 at 636.9 billion yuan ($92 billion), up only slightly from the 636.8 billion yuan in 2021.
AFP
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