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Putin T-shirts, robots and the Taliban -- but few Westerners at Russia's Davos
Russia's flagship economic forum kicked off Wednesday with stalls selling Vladimir Putin-themed merchandise and humanoid robots, but Westerners were few and far between -- despite warming ties between Moscow and Washington under Donald Trump.
Iranians buying supplies in Iraq tell of fear, shortages back home
Near the once-bustling Iraqi border crossing of Bashmakh, Iranian driver Fatah stocked up on rice, sugar and tea, staples that have become increasingly hard to get back home. "There are shortages of rice, bread, sugar and tea," Fatah said Tuesday.
China's AliExpress risks fine for breaching EU illegal product rules
Chinese online giant AliExpress must do more to protect consumers from illegal product sales, the European Commission said Wednesday in an interim finding that could open the way to heavy fines.
Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman
Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said.
Spain pushes back against mooted 5% NATO spending goal
Spain is resisting US President Donald Trump's demands to hike defence spending to five percent of national output, potentially threatening NATO unity at a crucial alliance summit this month.
UK inflation dips less than expected in May
British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week. The inflation update followed official data last week showing that Britain's economy shrank more than expected in April.
Energy transition: how coal mines could go solar
Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source. Coal mine-to-solar conversions are already happening in some countries, most notably China, which leads the world in solar uptake.
Taiwan's entrepreneurs in China feel heat from cross-Strait tensions
Bustling Taipei-style shopping streets, majestic temples to the island's deities and thriving factories dot the eastern Chinese city of Kunshan, for years a hub for Taiwanese businesses. - No guarantee of safety - An hour's drive from economic powerhouse Shanghai, Kunshan has been a key hub for Taiwanese-owned industry in China since the 1990s.
Oil stabilises after surge, stocks drop as Mideast crisis fuels jitters
Oil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". The comments sent oil prices spiking more than four percent Tuesday on fears an escalation of the conflict could hammer supplies from the crude-rich region.
AFP
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