AFP
20199 articles published since 08 Mar 2022
20199 articles published since 08 Mar 2022
Left-wing parties in France on Friday pledged to raise 30 billion euros a year from taxing businesses and the rich if they win a majority at snap parliamentary polls, drawing ire from centrists and business leaders. A tax on businesses' windfall profits would bring in a further 15 billion euros, the New Popular Front (NPF) alliance predicts.
Italian luxury carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group's historic Maranello site, where its much anticipated wholly electric car should be produced from 2026.
If social media statistics were a solid predictor of voting intentions, France's far-right leader Jordan Bardella would be a shoo-in for prime minister. - 'Codes of authenticity' - Experts say it can be a fool's errand to try to link social media popularity to votes.
Spain's leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country's olive harvest.
Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars. Germany's large and influential auto manufacturers are fearful of a trade war with Beijing that could rebound on their business activities in China.
Asian markets mostly fell Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats back towards a three-decade low.
In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's harvest -- but nobody is selling just yet. One sells just enough to cover expenses," Ricardo Semino, a farmer from Lobos, 110 kilometers (68 miles) southwest of Buenos Aires, told AFP as he finished harvesting his corn and wheat fields.
The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next rate hike. Data released earlier this month showed that Japan's household spending rose in April for the first time in 14 months, with wage growth at the fastest pace in three decades.
The IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it "build resilience to climate change," and also unlocked the latest tranche of money under an existing agreement.
AFP
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