Economy
Pharma firm urged to share new 'game-changer' HIV drug
More than 300 politicians, health experts and celebrities called Thursday for US pharmaceutical giant Gilead to allow generic versions of a promising new HIV drug to be produced so it can reach people in developing countries most affected by the deadly disease.
US Democrats call for criminal probe into Big Oil price-fixing
Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing. The letter came with Democrats escalating a confrontation with so-called "Big Oil" over high prices and greenhouse gas emissions as the presidential election looms in November.
Africa economic growth not enough to tackle poverty: AfDB
Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday. "We believe that African economies ought to be growing at double digits for probably the next decade or so to be able to have the kind of transformation that we need as a continent."
EU states agree 'prohibitive' tariffs on Russia grain imports
EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to cut off revenues to Moscow for its war on Ukraine. From July 1, the EU will increase "duties on cereals, oilseeds and derived products from Russia and Belarus to a point that will in practice halt imports of these products," the council representing the EU's 27 member states said.
Four arrested in major international anti-malware sweep
Authorities arrested four people and took down or disrupted more than 100 servers in the "largest ever" operation against botnets that deploy ransomware, Europol said Thursday. "This is the largest ever operation against botnets, which play a major role in the deployment of ransomware," the agency based in The Hague said.
Why has Russian wheat been entering the EU duty-free?
Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify. Following Russia's invasion, the EU eliminated tariffs on Ukrainian products.
Taliban govt harbours big dreams for Afghan rail
On the edge of the Afghan border with Uzbekistan, where the railway abruptly stops, throngs of young men transfer sacks of wheat or flour from freight trains to trucks. Every day, 3,500 tons of flour and 1,500 tons of wheat are unloaded by hand at the border town of Hairatan in northern Afghanistan to trucks that brave mountain passes and war-damaged roads to ferry goods around the country.
Google to invest $2 bn in Malaysia: government
Google will invest $2 billion in Malaysia to house the firm's first data centre in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities. "When operational, Malaysia will join the 11 countries where Google has built and currently operates data centres to serve users around the world," the statement said.
India's onion farmers cry foul at politicians' price recipe
Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs. But the slump in wholesale prices meant that was not passed on to the consumer -- or voter, from the politicians' viewpoint.
Economy
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