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France to push shipping carbon tax at finance summit
France said Friday it would throw its weight behind an emissions tax on the heavily polluting shipping industry, adding momentum to a campaign long championed by Pacific island nations and environmental campaigners.
Michael Jordan to sell majority stake in NBA's Charlotte Hornets: team
Basketball legend Michael Jordan will sell his majority stake in the NBA's Charlotte Hornets to an investment consortium, the team announced Friday. Jordan acquired a controlling investment in the Hornets in 2010.
Stocks climb after busy week for central banks
World stock markets rose Friday and currencies gyrated as investors digested diverging interest-rate decisions by central banks on three continents this week. - 'Divergence' - "This week has seen a divergence in global central bank policy," noted Victoria Scholar, head of investment at Interactive Investor.
Hungarian govt, media train sights on Soros son
After years of demonising billionaire investor George Soros as a sinister liberal bogeyman, the Hungarian government and its allied media are taking aim at a fresh target -- his son Alexander.
Trendy French island limits visitors to fight 'overtourism'
The small French island of Brehat, a popular north coast tourist destination, is restricting the number of visitors this summer after seeing as much as 15 times its population arrive at its rocky shores in a single day. In the spring and summer, the number of visitors can peak to nearly 6,000 in a single day.
Intel to invest up to $4.6 bn in new Poland chip site
US chip giant Intel said Friday it will invest up to $4.6 billion to build a new site in Poland, creating around 2,000 jobs in the process. Intel has said its European sites will help with cost efficiency in the EU's supply chain, and plans to produce 80 billion euros worth of chips in Europe over ten years.
France to plough cash into low-emission planes: Macron
France will pump hundreds of millions of euros into developing low-emission aircraft, engines and aviation fuel in the coming years, President Emmanuel Macron said Friday. Paris would dedicate 300 million euros ($330 million) to aircraft and motor research, Macron said during a visit to jet engine maker Safran just outside the capital.
US chip giant Micron to invest $600 mn in China plant
US chipmaker Micron said Friday it would invest more than $600 million in a packing and testing factory in northern China, less than a month after Beijing banned its chips from critical infrastructure projects. China's cybersecurity watchdog last month said Micron had failed a national security review, telling operators of "critical information infrastructure" to stop buying its products.
Benin feels the pinch as neighbouring Nigeria ends fuel subsidies
Sitting on top of a yellow jerry can of fuel, Jeannine waits for customers on a sidewalk in Benin's economic capital Cotonou, but business is slow. "You know, this fuel helps feed thousands of people in Benin," said Jeannine, a 48-year-old widow with five children, who says she does not have savings "to start a new business".
AFP
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