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Moody's cuts Kenya debt rating further into junk
Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, is likely to further increase borrowing costs for the cash-strapped government.
Samsung says 'no disruption' to production despite strike
South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers. "There has been no disruption to production," local media quoted Samsung as saying.
River Seine to have flying taxi landing pad at Paris Olympics
France's government on Tuesday gave the go-ahead for construction of a floating landing pad on the River Seine for flying taxis set to be shown off during the Paris Olympics. The landing site will float on the Seine near the Austerlitz railway station in southeastern Paris.
S. Korea petitioned to probe BLACKPINK Jennie's 'vaping incident'
A now-deleted video showing K-pop megastar Jennie of BLACKPINK apparently smoking a vape indoors has sparked online outcry, with Seoul's foreign ministry telling AFP Tuesday it had received a formal complaint. South Korea's Ministry of Foreign Affairs told AFP on Tuesday that they had received a petition related to the incident.
Asian markets rise ahead of Fed chief's Congress testimony
Asian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts. Traders will be keenly watching Powell's remarks to Congress on Tuesday and Wednesday for any indications of when the Fed will start cutting rates.
Australia sounds warning over state-backed Chinese hackers
Australia's cyber intelligence agency sounded a rare warning Tuesday about the rising threat of state-backed Chinese hackers, saying they were "actively" looking for targets to compromise. "APT40 is actively conducting regular reconnaissance against networks of interest in Australia, looking for opportunities to compromise its targets," the Australian Signals Directorate said.
US regulator orders Boeing inspections over oxygen mask issue
US aviation regulators said Monday that thousands of Boeing 737 airplanes would need to be inspected, amid concerns that passenger oxygen masks could fail in emergencies. The aim is to ensure that passenger service unit oxygen generators are in the right position on certain Boeing airplanes.
737 MAX: Key dates in US criminal case against Boeing
Here are key dates in the US Department of Justice's ongoing criminal case against Boeing over its 737 MAX airplane, following deadly crashes in 2018 and 2019. 2019 - March 10: A 737 MAX operated by Ethiopian Airlines crashes about six minutes after taking off, killing all 157 people on board.
AI boom reshapes Wall Street as TSMC joins trillion-dollar club
The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street. The top ten of the world's most valuable companies is headed by Microsoft and Apple, closely followed by AI chip designer Nvidia.
AFP
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