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Author's articles
US agency sues Amazon for tricking customers into subscription service
Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday.
Fed Chair: may make sense to raise rates but at 'more moderate pace'
The US Federal Reserve expects to continue raising interest rates but to slow down the pace of hikes, Fed chair Jerome Powell told a Congressional hearing Wednesday. "Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year," he said Wednesday.
Pharrell breaks down barriers between fashion and music
Paris became a playground for Pharrell Williams and his celeb friends at his debut show for Louis Vuitton, collapsing the distance between fashion, music and money-spinning publicity. Williams appears to be taking the job seriously, having moved his family to Paris and setting up a music studio at Louis Vuitton's headquarters to balance his professions.
Climate-vulnerable nations lead the way on finance reform
When Barbados Prime Minister Mia Mottley laid out a plan to fix the international financial architecture at climate talks last year, she galvanised world leaders on reforms that had languished for years. "There needs to be a new deal," Mottley told world leaders at the COP27 climate summit in Egypt in November, laying out the Barbados "Bridgetown Initiative" plan.
Musk meets Modi to discuss investment in India
Twitter owner and Tesla CEO Elon Musk said Wednesday he discussed potential "significant investments" in India after meeting Prime Minister Narendra Modi in the United States. Musk, one of the world's richest men, said that Modi was "pushing us to make significant investments in India, which is something that we intend to do, and are trying to figure out the right timing".
Kenya minister under fire over diatribe against media group
Kenya's trade minister is at the centre of a firestorm over a series of derogatory remarks against a leading media outlet, including calling its journalists "prostitutes". - 'National shame' - Media associations have reacted with fury to the comments by the minister, who had taken centre stage on Monday at the signing of a major trade deal with the European Union.
High inflation hinders UK cost-of-living fight
Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis. Britain has endured months of strikes by workers demanding higher wages to help with the cost-of-living crisis.
Volvic on front line of France's new water fears
The public fountains in Volvic, the home of one of the world's most famous mineral waters, have been turned off. France is both the world's biggest exporter of bottled water and the home of its most famous brands from Volvic to Evian, Vittel to Perrier.
Asian markets drop as traders await Fed boss testimony
Asian markets mostly dipped Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress. The anxiety over Powell's testimony built on top of disappointment on market floors this week with Beijing's moves to try and revive the Chinese economy.
AFP
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