AFP
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Author's articles
US interest rates in 'good place,' for now: Fed officials
High US interest rates are doing their job in the fight against inflation, but more hikes may yet be needed, senior US Federal Reserve officials said Thursday. After that meeting, the Fed will publish updated economic predictions, which will reveal how high policymakers think interest rates will need to go, and for how long they will have to stay there, to bring down inflation. da/acb
Divided G20 head to India with eyes on Ukraine and climate
Divided G20 leaders will descend on New Delhi from Friday, with host Prime Minister Narendra Modi seizing a chance to occupy the geopolitical centre stage and hammer home India's growing diplomatic clout. Around the summit table, there will be a few notable absences -- with Chinese leader Xi Jinping and Russia's Vladimir Putin both opting to stay at home.
'It's robbery': Salvadorans slow to adopt Bitcoin
Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services. Economist Cesar Villalona told AFP that Bitcoin "does not exist in the local economy" in any significant way, because in El Salvador "everything" is paid in dollars: wages, services and goods.
Kugler confirmed as first Hispanic American on US Fed board
The US Senate confirmed Adriana Kugler on Thursday to a management position at the Federal Reserve, making her the first Hispanic-American to serve on the seven-person governing body in its 110-year history.
Apple shares fall on reports of China iPhone restrictions
Apple shares fell sharply for a second straight session Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities. Shares fell 3.6 percent on Wednesday after a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies.
UK rejoins key European science programme after post-Brexit row
Britain and the EU said on Thursday they had struck a pact to allow British scientists back into the world's largest civilian science research programme after being frozen out in a post-Brexit row.
Philips says settles US claims over respirator recall
Philips said Thursday it had clinched a deal in the United States to settle claims related to a recall of sleep respirators that rocked the Dutch medical tech firm. Philips had previously announced in May that independent tests showed the sleep respirators at the centre of the massive recall were "unlikely" to harm patients.
UK rail firm admits failings over fatal rail crash
The company that owns and manages UK rail infrastructure on Thursday admitted health and safety breaches after a train derailment that killed three people in northeast Scotland. Network Rail -- an arm of the UK Department for Transport -- pleaded guilty to safety failings at a court hearing in Aberdeen.
Google faces £7 bn claim on behalf of UK consumers
Google is facing a new lawsuit in Britain, which accuses the US tech giant of stifling competition in the search engine market and causing prices to rise across the UK economy, a statement said Thursday.
AFP
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