AFP
19900 articles published since 08 Mar 2022
- All (19900)
- Economy (8119)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
US Senate panel advances nomination of Trump's Fed governor pick
A US Senate committee on Wednesday advanced the nomination of President Donald Trump's choice to join the Federal Reserve board, despite concerns that he might not resign from the White House even if confirmed. Stephen Miran, who chairs the White House Council of Economic Advisers (CEA), passed the Senate Banking Committee's vote by 13-11, with Democratic lawmakers opposing the advancement.
US producer inflation unexpectedly falls in first drop since April
US producer prices unexpectedly fell in August, government data showed Wednesday, driven in part by a pullback in energy and trade -- and prompting President Donald Trump to renew calls for lower interest rates. He reiterated his calls for Federal Reserve Chair Jerome Powell to lower rates "right now," calling the central bank chief "a total disaster."
Software company Oracle shares surge more than 35% on huge AI deals
Oracle shares surged more than 35 percent in early trading Wednesday after the software giant projected massive revenue growth based on contracts tied to artificial intelligence. Oracle projected that its cloud business revenues would grow 77 percent in the current fiscal year to $18 billion.
Zara owner Inditex shares soar as sales growth revives
Shares in Zara owner Inditex, the world's largest fashion retailer, soared on Wednesday as a positive start to the autumn season enthused investors and eclipsed slower-than-expected sales growth. "The results were bad, but the market is reacting very positively to this growth figure because it means returning to the levels Inditex had got us used to," XTB analyst Javier Cabrera wrote in a note.
Top EU court upholds nuclear green label
The EU's top court on Wednesday upheld the European Commission's decision to give a sustainable finance label to investments in natural gas and nuclear power, dismissing a complaint by Austria. The European Commission in 2022 defied protests from green campaigners and dissent in its own ranks to give a sustainable finance label to investments in both gas and nuclear power.
Ozempic maker Novo Nordisk to cut 9,000 global jobs
Danish pharmaceutical giant Novo Nordisk announced Wednesday that it would cut 11 percent of its workforce, as the maker of Ozempic and Wegovy faces rising competition for its anti-obesity treatments. - Copycats - Novo Nordisk faces stiff competition from rival treatments made by US group Eli Lilly.
EU chief to defend Trump trade deal in parliament
EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc's lawmakers Wednesday -- with many seething over an outcome they see as a surrender to Washington.
Top Japan start-up Sakana AI touts nature-inspired tech
When David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, energy-intensive tool like ChatGPT, or go their own way. In starting the company, Ha has put down roots in Japan, which "has its problems" but remains "a leading democracy in Asia", he said.
Asian markets rally as new US jobs data fans rate cut hopes
Asian markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal Reserve rate cuts. After all three main indexes on Wall Street ended at record highs, Asia continued the positive run on Wednesday.
AFP
Load more