AFP
18377 articles published since 08 Mar 2022
- All (18377)
- Economy (6596)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
Nvidia to build supercomputer chips entirely in US for first time
Nvidia on Monday announced plans to build top-end artificial intelligence supercomputer chips entirely in the United States for the first time. "The engines of the world's AI infrastructure are being built in the United States for the first time," Nvidia chief executive Jensen Huang said in the blog post.
Argentine peso depreciates after exchange controls lifted
Argentina's currency dropped 8.4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years. "Everyone is waiting to see what happens," a trader told AFP. There are fears that loosening exchange controls could fuel inflation, which has dropped under Milei from 211 percent in 2023 to 118 percent last year.
China warns UK against 'politicising' steel furnaces rescue
Beijing on Monday warned against "politicising" the rescue of Chinese-owned British Steel, as the UK government raced to secure raw materials to keep the country's remaining steelmaking blast furnaces running. He added the government is "confident in securing the supply of materials needed" to keep running the two blast furnaces at the plant -- the last in the UK which makes steel from scratch.
UK govt races against time to keep steel furnaces running
Britain's government on Monday raced to secure raw materials to keep the country's last steelmaking blast furnaces running after passing emergency legislation to take control of British Steel. The Labour-run government must now secure the materials to keep the two blast furnaces at the plant -- the last in the UK which makes steel from scratch -- running.
Meta faces landmark US antitrust trial
Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. Google is facing two cases and was found guilty of search-market dominance abuse last August, while Apple and Amazon are also heading to court.
Helicopter company that ran deadly New York tour shuts down
The helicopter tour company behind a crash in New York that killed six people last week is shutting down, US authorities said Sunday.
Xi warns protectionism 'leads nowhere' as he arrives in Vietnam
Chinese leader Xi Jinping warned that protectionism "leads nowhere" and that a trade war would have "no winners", state media said, as he arrived in Vietnam on Monday on the first leg of a Southeast Asia tour.
China's exports beat forecast in March despite trade war woes
China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked by US President Donald Trump. "The strong export data reflect frontloading of trade before the US tariffs were announced," Zhiwei Zhang, President and Chief Economist at Pinpoint Asset Management said in a note.
Trump tariff rollercoaster complicates ECB rate call
US President Donald Trump's on-and-off tariffs have clouded the picture for European Central Bank policymakers meeting this week to decide whether to lower eurozone interest rates again. But Trump's move to impose sweeping tariffs on the European Union and the rest of the world increased the chances of another reduction in interest rates, according to observers.
AFP
Load moreLatest
