AFP
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Author's articles
Australia launches formal inquiry into ex-PM's secret power grab
Australia on Friday tapped a former high court judge to investigate ex-prime minister Scott Morrison's decision to secretly appoint himself to several key ministerial portfolios. The probe will be led by former high court judge Virginia Bell and will report by November 25.
UN high-seas biodiversity treaty struggles to leave port
A two-week negotiating session on a treaty to protect the high seas wraps up Friday, with UN observers holding their breath that the long-stalled deal can cross the finish line.
Long Covid costs Australia millions of working days
Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages. The treasury report found that lingering effects of the coronavirus have been keeping some 31,000 Australians away from work every day.
Christie's to auction Microsoft co-founder Allen's $1bn-plus art collection
Christie's announced plans on Thursday to auction the art collection of late Microsoft co-founder Paul Allen, which it estimated to be worth more than $1 billion. Christie's did not detail what else is in the collection, but a traveling exhibit in 2016 gave a glimpse of the richness of the Allen art trove.
Asia stocks up before Powell speech, China tech adds support
Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation. Most expect him to confirm that more hikes are on the way as officials try to bring inflation down from painful highs not seen in four decades.
Air raid warning puzzles Swedish motorists
Swedish motorists were left puzzled this week after mistakenly receiving an air raid warning, an incident authorities termed "serious" on Thursday given the war in Ukraine and Russia's irritation over Sweden's NATO bid. Moscow has reacted frostily to Sweden's decision to abandon two centuries of military non-alliance and seek NATO membership following Russia's invasion of Ukraine in February.
Taiwan fruit, fish farmers feel squeeze of China's sanctions
As a Taiwanese fighter jet screamed over the lush green fields of eastern Hualien county last week, pomelo farmer Mulin Ou sat in his orchard counting the cost of China's latest push to squeeze the island. The overall impact of China's latest economic sanctions is limited.
Brazil's Bolsonaro bets on 'moderate' tone to win vote: minister
Far-right President Jair Bolsonaro is not exactly known for mild rhetoric, but with Brazil deeply divided heading into elections, he is counting on a more moderate image and economic upturn to win, his communications minister says.
Fed's Powell to hammer home inflation-fighting message
With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve's policy course: Interest rates will continue to rise. Avoiding a recession as interest rates rise remains a tough job for central bankers everywhere.
AFP
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