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'Room for improvement' in global debt restructuring: Yellen
US Treasury Secretary Janet Yellen said on Tuesday there remains "considerable room for improvement" in the global debt restructuring process, as world leaders convene in Washington this week for key meetings. "There is considerable room for improvement in the international debt restructuring process," Yellen said in prepared remarks to a press briefing.
IMF issues growth warning as it lowers 2023 forecast
The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. - Germany on brink of recession - While the picture is one of slowing growth, almost all advanced economies are still expected to avoid a recession this year and next.
Inflation means last call for raft of UK pubs: study
The number of pub closures in England and Wales surged 47 percent in the first quarter from a year earlier as inflation soared, a study showed Tuesday. A joint study Tuesday from the British Retail Consortium and accountants KPMG showed consumers cutting back on purchases of food and drink.
'Revenge of the geeks': Drones battle on Ukraine front
At a Ukrainian training camp near Bakhmut, surrounded by soldiers lugging heavy equipment and firing ear-piercing weapons, a bespectacled man carrying a grey pouch struts jauntily across a field. These are the eyes of the army," said Oleksandr, a soldier in his 30s with a camouflage helmet and a neatly trimmed beard, pulling out a discreet drone from the pouch.
Head of British business lobby sacked over misconduct
Britain's main business lobby group announced Tuesday the sacking of Director General Tony Danker following sexual misconduct allegations that have shaken the Confederation of British Industry. The CBI announced that Rain Newton-Smith, former chief economist at the group, had agreed to rejoin as its new director general just one month after starting a strategist role at Barclays bank.
China draft law to require 'security assessment' for new AI products
All new artificial intelligence (AI) products developed in China will be required to undergo a "security assessment" before being released to the public, a sweeping new draft law by the country's internet regulator showed Tuesday.
China to require 'security assessment' for new AI products: draft law
All new artificial intelligence (AI) products developed in China will be required to undergo a "security assessment" before being released to the public, a new draft law by the country's internet regulator showed Tuesday.
Dismantling Germany's Lubmin nuclear plant, piece by piece
At a former nuclear power plant near Lubmin on Germany's Baltic coast, workers in the disassembly hall are chopping up a bulky grey section of a pump from inside one of the reactors. The facility near Lubmin, built by East Germany's communist government and also known as the Greifswald nuclear power plant, was closed in 1990 with reunification.
Germany to switch off last remaining nuclear plants
Germany will shut down its three remaining nuclear plants on Saturday, betting that it can fulfil its green ambitions without atomic power despite the energy crisis caused by the Ukraine war. But Russia's invasion of Ukraine in February 2022 threatened to upend the plans, putting an end to cheap Russian gas and throwing the country into an unprecedented energy crisis.
AFP
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