AFP
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Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. It warned, however: "Downside risks in the global economy have risen."
US warned debt standoff could hit credit rating
Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.
DeSantis White House launch derailed by glitches
Republican Ron DeSantis kicked off his 2024 presidential campaign Wednesday with a live event opposite Twitter boss Elon Musk that descended into farce as it was beset by technical bugs. The Florida governor began his rollout with a Twitter video post in which he declared: "I'm Ron DeSantis and I'm running for president to lead our great American comeback."
ECB vows to win inflation fight on 25th birthday
European Central Bank president Christine Lagarde pledged Wednesday to reduce high inflation in the eurozone as the institution that safeguards the euro marked its 25th anniversary. And despite recent highs, inflation has averaged 2.05 percent over the ECB's quarter of a century in existence -- not far off the central bank's target.
Is Musk's DeSantis show a winning ticket for Twitter?
By hosting Republican Ron DeSantis's presidential campaign launch, Elon Musk sets up Twitter as a challenger to Fox News, but doubt remains that the right-wing pivot is a winning ticket for the platform.
Fed economists still expect 'mild recession,' May minutes show
US Federal Reserve economists still expected a "mild recession" at the most recent interest-rate meeting earlier this month, according to minutes of the meeting published Wednesday. The views highlighted in the minutes align with the public statements given by voting FOMC members since the interest-rate decision earlier this month.
Pre-Hispanic aquaducts irrigate modern Peruvian crops
Built some 1,700 years ago by the pre-Hispanic Nazca people of Peru, an ingenious aqueduct system of wood and stone still provides farmers with water to this day. "It helps us to irrigate," said farmer Nicolas Quispe, 39, who waters his potatoes from the Nazca aqueduct system "thanks to the ancient farmers who had this advanced technology."
EU, Google want 'voluntary' AI rules: commissioner
The EU and Google want voluntary rules on AI before a new law comes into force in the bloc to regulate the rapidly advancing technology, the bloc's industry commissioner Thierry Breton said Wednesday.
Citi plans IPO for Mexican unit Banamex
Citi announced Wednesday that it will launch an initial public offering of its Mexican business Banamex, shifting away from a plan to possibly divest the operation. Mexican President Andres Manuel Lopez Obrador had been among those focused on the fate of Banamex after Citi first announced plans to exit Banamex in January 11, insisting that the works remain in Mexico.
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