AFP
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In Davos, African nations want to tell a different story
From South Africa to Rwanda to Nigeria, African countries put on a show of force at the World Economic Forum this week, seeking to transform their image by grabbing private investment rather than development aid.
ING targeted in new Dutch climate legal case
The Dutch climate activists who won an historic court battle against Shell now have a new target -- top Dutch bank ING. Milieudefensie, the Dutch branch of Friends of the Earth, said Friday they have started legal proceedings against ING, and warned that other top companies could be next.
Ford to cut production of electric pickup on lower demand
US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year. Sales of the F-150 Lightning jumped 55 percent in 2023, with further growth forecast this year, according to Ford.
US existing home sales fall to lowest level since 1995
US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday. While home prices tend to be higher in the summer months, "this is the highest December median home price ever," Yun said on Friday.
Eiffel Tower topped pre-Covid visitor numbers in 2023
The Eiffel Tower in Paris welcomed 6.3 million visitors last year, its management company said Friday, more than came in 2019 before the Covid-19 pandemic. Last year's visitor numbers -- up eight percent year-on-year -- were juiced by events to honour its designer Gustave Eiffel 100 years after his death, the SETE operating company said in a statement.
Apple ready to open iPhone tap-to-pay to rivals -- in the EU
Apple is prepared to open the iPhone's ability to tap-to-pay to rivals -- in the EU -- after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday.
In Davos, AI excitement persists but fears over managing risks
Walking around in Davos where the global elites gathered for the World Economic Forum this week, there were two inescapable words on the windows: artificial intelligence. AI was the buzzword on everyone's lips at the World Economic Forum, when they weren't talking about a possible return of former US president Donald Trump.
Tata Steel axes UK jobs as industry forges green future
Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry struggles to finance greener production of the metal. Tata Steel had threatened to shut the plant unless it received state aid to help decarbonise production and cut emissions, while the job cuts followed talks with unions aimed at protecting employment.
Davos free-trade champions fret over war, climate
After Covid and the war in Ukraine, free-trade boosters in Davos fretted over a new bout of turmoil in global supply chains due to rising geopolitical frictions.
AFP
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