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Biden celebrates giant semiconductor project
President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.
EU agrees ban on imports driving deforestation
The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation. The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.
Philippine lawmakers propose $4.9 bn sovereign wealth fund chaired by Marcos
Philippine lawmakers have proposed a $4.9 billion sovereign wealth fund to be chaired by President Ferdinand Marcos Jr to boost growth, but critics warn it will be prone to graft and risk Filipino pensions.
Asian markets swing as Fed worries offset China Covid easing
Asian markets were mixed Tuesday as fresh fears that the US Federal Reserve will push interest rates higher than hoped played off against growing optimism over China's economic reopening. Markets had been running higher ahead of the jobs figures after a surprise drop in inflation and comments from Fed boss Jerome Powell that the bank would likely raise rates at a slower pace.
Nike splits with NBA star Irving after anti-Semitism row
Kyrie Irving's multi-million dollar sponsorship deal with Nike is finished, the sportswear company said Monday, after the basketball megastar became embroiled in an anti-Semitism row. West has seen several multi-million dollar sponsorship deals -- including one with Adidas -- evaporate as his comments on Jewish people have become ever-more outlandish.
Elizabeth Holmes appeals Theranos fraud conviction
Fallen US biotech star Elizabeth Holmes has asked an appeals court to overturn her conviction in the Theranos fraud trial that saw her sentenced to more than 11 years in prison. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos.
Apple faces critics over its privacy policies
Apple presents itself as a white knight on the subject of privacy, but critics say its own advertising ambitions are built on anti-competitive practices. The judges dismissed the idea that Apple's rules were inherently anti-competitive, but are still investigating whether Apple is applying those rules more favourably for its own apps compared to others.
Nigeria train resumes eight months after deadly attack
Nigeria on Monday resumed a train service linking the capital with a northern city, eight months after it was suspended following one of the country's most high-profile attacks. Ayodeji Othman was happy "the train services are resuming and it's been a very long time that we've been waiting for this."
Russia says oil price cap will not stop Ukraine offensive
Russia shrugged off a Western-imposed price cap on its oil exports on Monday, warning that it would not disrupt its military campaign in Ukraine. The cap is the latest in a number of measures spearheaded by Western countries and introduced against Russia -- the world's second-largest crude oil exporter -- after Moscow sent troops into Ukraine over nine months ago.
AFP
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