AFP
20238 articles published since 08 Mar 2022
20238 articles published since 08 Mar 2022
US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision. Wednesday's data is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged later on Wednesday.
The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38 percent from next month following an anti-subsidy probe, a move that risks triggering a trade war. The EU's tariffs, while high, are lower than the United States' 100-percent rate imposed from last month on Chinese electric cars.
The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.
Japan on Wednesday enacted legislation to ensure tech giants like Google and Apple give access to third-party smartphone apps and payment systems on their platforms or risk major fines. He did not directly name tech companies such as Google or Apple -- sometimes described as a "duopoly" in the smartphone app world.
Pope Francis will address G7 leaders on Friday on artificial intelligence, an unprecedented appearance that reflects the Vatican's growing interest in the new technology, its risks and rewards.
Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve, which is widely expected to leave its key lending rate unchanged and lower the number of cuts it has penciled in for this year.
Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month. Britain had emerged from a short-lived recession with growth in the first quarter of this year.
Despite the rain pelting Balogun market in Lagos, Ajoke takes her time choosing the tie-dye fabric known as adire that she wants to give as a gift. - Competition and crisis - Adire fabric is produced using the tie-dye technique.
The United Arab Emirates is in "complete alignment" with the US on developing artificial intelligence, the oil-rich country's AI minister told AFP, confirming a shift away from China.
AFP
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