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US new home sales come in below expectations in May
Sales of new homes in the United States were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high. The popular 30-year fixed-rate mortgage sits at just under 6.9 percent, according to the government-sponsored firm Freddie Mac, which buys and guarantees existing mortgages.
NGO denounces rising air freight pollution
An environmental pressure group denounced Wednesday the rising emissions of the air freight industry, which has been boosted by global supply chain difficulties and rising online commerce. A report by the group fournd that market distortions caused by Covid-19 pandemic travel restrictions and supply chain disruptions boosted the air freight cargo sector.
US reporter Evan Gershkovich on trial in Russia
US reporter Evan Gershkovich's closed-door espionage trial in Russia began Wednesday, 15 months after he was arrested on charges that he, his newspaper and the White House reject as false. He has already spent almost 15 months in Moscow's notorious Lefortovo prison since his arrest.
AI takes centre stage as Mobile World Congress Shanghai kicks off
From phones that can detect deepfake scams to autonomous intelligent vehicles, the disruptive potential of artificial intelligence took centre stage as Mobile World Congress Shanghai kicked off Wednesday. Smart device brand Honor on Wednesday unveiled technology it said could detect deepfake scam calls and warn the phone's owner in real-time.
Sri Lanka seals partial debt deal after financial crash
Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.
Two employees leave Adidas amid China graft probe
Adidas said Wednesday two employees had left the company as the German sportswear giant investigates bribery allegations in China. As a result, both employees have left the company."
French tech giant Atos's top shareholder drops rescue offer
A consortium led by the top shareholder of troubled French tech giant Atos, an IT partner for the Paris Olympics and French military, has withdrawn a rescue offer for the group, the companies said on Wednesday.
S. Korea administrative robot defunct after apparent suicide
A city council in South Korea said Wednesday their first administrative officer robot was defunct after throwing itself down some stairs, with local media mourning the country's first robot suicide. Headlines in local media questioned the apparent robot suicide, saying: "Why did the diligent civil officer do it?"
UK faces strained finances after election
Britain will see little difference on public spending whichever of the country's main parties wins next month's general election, with state coffers strained largely by huge Covid expenditure. According to Sopher, whichever party wins power, "tax is going to go up" to fund public services.
AFP
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