AFP
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Author's articles
Tumbling gas prices fail to subdue energy bills
European wholesale gas prices have fallen from record peaks reached after producer Russia's invasion of Ukraine, but energy bills remain sky high despite government help aimed at easing consumers' pain. But consumers still face unusually high bills, even if the worst of the winter has yet to come in the northern hemisphere.
Egypt dissident Abdel Fattah's family demands proof of life
The family of Egypt's jailed dissident Alaa Abdel Fattah, who is refusing food and water, demanded information on his health Wednesday amid what they said were "rumours of force-feeding". The dissident's aunt, novelist Ahdaf Soueif, tweeted that "we cannot explain two days without letters" and said that the family was concerned about "rumours of force-feeding and of sleep-inducing drugs".
China unveils new orders for homegrown passenger jet
China announced Wednesday hundreds of new orders for its first domestically manufactured large passenger jet, with the aircraft poised to make its commercial debut early next year. The company began producing its A321 model in the eastern city of Tianjin on Wednesday with a view to making deliveries early next year, according to Xinhua.
Hong Kong charges four for reposting election boycott calls
Four people in Hong Kong were charged on Wednesday for reposting social media content by democracy activists calling for a boycott of the city's "patriots only" election last December. The four people charged on Wednesday, aged 29 to 58, allegedly reposted or displayed material that "incited others to cast blank votes or not to vote", according to Hong Kong's anti-graft agency.
North Korea fires ballistic missile, Seoul's military says
North Korea fired a ballistic missile Wednesday, Seoul's military said, the latest launch from Pyongyang following a record-breaking testing blitz earlier this month. Earlier this month, North Korea conducted a flurry of launches, including an intercontinental ballistic missile, which Seoul said appeared to have failed.
Dark clouds over China's economy as zero-Covid, global slowdown bite
A slew of lacklustre indicators for October show strict and enduring Covid curbs as well as a global slowdown are dragging on China's economy, analysts told AFP, with prospects looking increasingly grim for 2023. But others expect grim trends to continue, with Macquarie analysts telling AFP that "due to the softening global economy" they expect China exports to decline by five percent in 2023.
Nissan hikes forecasts on weak yen despite falling unit sales
Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its overseas profits, despite ongoing challenges including Covid shutdowns and the global chip shortage. He said the business environment was expected to "remain challenging" in the second half of the year, with ongoing semiconductor shortages and increased raw material prices.
Asian markets tepid with eyes on China, US midterms
Asian stocks made a positive start on Wednesday following gains on Wall Street, but lost momentum as factory gate prices in China fell for the first time in nearly two years. China's producer price index (PPI) fell by 1.3 percent on-year in October, pushing it into negative territory for the first time since December 2020.
Striking Kenya Airways pilots return to work
Kenya Airways pilots returned to work on Wednesday, after a court ordered them to end their days-long strike which had led to hundreds of flight cancellations and stranded thousands of passengers. Despite the announcement ending the strike, Kenya Airways' latest online update showed just 19 flights operating on Wednesday, fewer than the 26 scheduled the day before.
AFP
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