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Author's articles
Asian markets bounce after tough week as US inflation looms
Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. "Assuming the PCE comes in OK, the data suggests the Fed doesn't need to hike and may cut later in the year," Capital.com's Kyle Rodda said.
Flood-hit Brazil businesses count losses, look to future
The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed. According to a local industry federation, nine out of 10 factories in the state have been affected by the flooding.
World's biggest companies snap up 'likely junk' carbon offsets: analysis
Globally recognized companies -- from oil and gas majors to the banking sector and tech -- are contributing to greenwashing by snapping up vast quantities of "likely junk" carbon offsets, a watchdog warned Thursday.
Humanity in 'race against time' on AI: UN
Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the good of all, while averting dire risks, a top UN official said Thursday. "We are in a race against time," she told the opening of a two-day AI for Good Global Summit in Geneva.
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years. In a statement posted to the Saudi stock exchange, Aramco announced a "secondary public offering of 1.545 billion shares", with an expected price range between 26.70 and 29 Saudi riyals ($7 to $7.70).
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.
Meta says generative AI deception held in check -- for now
Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns. Meta said it had seen "threat actors" put AI to work to create bogus photos, videos, and text, but no realistic imagery of politicians, according to the report.
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."
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