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Asian markets drop as Biden drops out of White House race
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's stuttering economy.
UN urges Gilead to 'make history' with game-changing HIV drug
Gilead could bring the AIDS pandemic towards an end if the US pharmaceutical giant opens up access to its game-changing new HIV drug, the head of UNAIDS told AFP. Winnie Byanyima urged Gilead to "make history" by allowing generic manufacturing of Lenacapavir, a twice-yearly injectable antiretroviral medication used to treat HIV patients.
China central bank says cuts two key rates to support economy
China's central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world's second-largest economy. The one-year LPR, which constitutes the benchmark for the most advantageous rates that banks can offer to businesses and households, was cut from 3.45 percent to 3.35 percent.
In Mallorca, 20,000 rally against overtourism
Some 20,000 protesters hit the streets of Palma in Mallorca Sunday for a mass demonstration against overtourism, demanding changes to a touristic model they say is harming the Spanish Mediterranean island.
All eyes on AI to drive Big Tech earnings
Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse on the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul.
Oil-tainted lake a symptom, and symbol, of Venezuela's collapse
A putrid smell hangs over the black-stained shores of Lake Maracaibo in Venezuela, where an oil slick is emblematic of the steep decline in the country's once-enviable petroleum industry. - 'The lake is lost' - A few oil pumps still operate on Lake Maracaibo's polluted shore, but dozens of machines stand idle.
Bruce Springsteen is officially a billionaire
The Boss is officially a billionaire, Forbes said Friday, estimating that Bruce Springsteen is conservatively worth $1.1 billion. The guitar hero bard behind hits including "The River" has solidified much of his wealth in recent years, the financial outlet indicated, in no small part due to a blockbuster sale in 2021 of his music catalog to Sony for an estimated half-a-billion dollars.
Conspiracy theories take off after global IT crash
From fearmongering about a looming "World War III" to false narratives linking a cabal of global elite to a cyberattack, a torrent of online conspiracy theories took off Friday after a major IT crash.
US to phase out federal purchase of single-use plastics
President Joe Biden's administration on Friday announced plans to phase out single-use plastics in all federal operations by 2035, as part of a broader effort to combat what it deemed a rising global crisis.
AFP
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