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Egypt secures $5 bn additional loan from IMF as pound plunges
Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent. The central bank described its move to hike interest rates Wednesday as an attempt to "accelerate the monetary tightening process in order to fast-track the disinflation path and ensure a decline in underlying inflation".
Angry Polish farmers protest EU rules, Ukraine farm imports
Thousands of angry farmers descended on the Polish capital on Wednesday to protest EU environmental rules and cheap imports from Ukraine and elsewhere outside the bloc.
US private sector hiring up less than expected in February
Job gains in the US private sector picked up in February, payroll firm ADP said Wednesday, a sign that could give the Federal Reserve some pause as it mulls the timing of interest rate cuts. ADP said pay gains for those who changed jobs picked up for the first time in more than a year.
EU looks to AI to battle cyber threats
The European Union is poised to use artificial intelligence and other tools to create a "cyber shield" protecting critical infrastructure and sectors from threats, officials said Wednesday.
European stocks rise before UK budget, ECB rate call
European and Asian stock markets mostly rose Wednesday before a UK budget and Fed testimony and on the eve of a eurozone rate decision, while bitcoin and gold remained elevated one day after striking record peaks.
Hong Kong minister says no social media ban under security law
Hong Kong's justice minister said Wednesday the city does not plan to ban social media under a proposed national security law after a public consultation document included suggestions that some apps should be barred. Secretary for Justice Paul Lam told lawmakers that Hong Kong "would not prohibit the existence" of social media platforms under the proposed national security law.
OpenAI rejects Musk's accusations of 'betrayal'
OpenAI, the firm behind ChatGPT, on Tuesday denied Elon Musk's accusations of "betrayal" of its original mission and said it would push to have them dismissed in court. Musk launched a legal case against OpenAI last week, arguing in documents filed in a San Francisco court that the firm was always intended as a nonprofit entity.
Britain set for tax-cutting budget before election
Britain's Conservative government is on Wednesday expected to use a budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election.
Crocs, cyclones and 'magnificent melaleucas': Aussie beach named world's best
It may have deadly animals and wild weather, but Palm Cove in Australia's northeast has been named the world's best beach, beating rivals in Hawaii, Greece and Fiji. "Recognition of Palm Cove as the world's number one beach by an award-winning travel magazine and website only validates what locals already know about Palm Cove," said James.
AFP
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