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EU leaders insist eurozone banking sector stable
EU leaders and the head of the European Central Bank scrambled on Friday to reassure the markets that the eurozone banking sector is resilient and able to withstand shocks, after European bank shares plunged. Macron echoed these assurances: "European banks' fundamentals are solid.
Chad nationalises former ExxonMobil firm after disputed sale
Chad has announced it has nationalised a former subsidiary of US oil and gas giant ExxonMobil, whose sale to a British company last year it had contested. Chad had immediately contested the sale, saying it had gone ahead despite the government's "express objections" and in violation of its right of first refusal.
UK and EU approve new N.Ireland Brexit trade pact
The UK and European Union on Friday formally adopted a post-Brexit deal to overhaul Northern Irish trade rules, prompting Brussels' pointman on the thorny issue to proclaim "the opening of a new chapter" in ties.
Biden discusses trade, migration challenges in Canada
US President Joe Biden was set to meet Friday with Prime Minister Justin Trudeau and addressing Canada's parliament, amid reports that a deal has been struck on managing undocumented migration across the neighbors' long border.
China says does not ask firms for foreign data as TikTok row grows
China insisted Friday it does not ask companies to hand over data gathered overseas, as the Chinese-owned TikTok faces mounting calls for a ban in the United States. Beijing on Friday denied it would ask Chinese firms to hand over data gathered overseas and claimed it "attaches great importance to protecting data privacy".
South Korea to seek extradition of crypto fugitive Do Kwon
South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges. In South Korea, where Kwon is wanted for violations of the country's capital markets act, authorities confirmed Friday that they would seek his extradition.
Asian markets reverse after recent gains as bank fears linger
Asian markets dipped Friday after a broadly healthy week, as lingering concerns about the banking sector played against hopes central banks could be nearing the end of their interest rate hiking cycle. The increase came as central banks in the United Kingdom, Switzerland and Norway also raised rates, with the European Central Bank having done so last week.
How Vietnam is trying to stop rice warming the planet
As a child, Dong Van Canh watched while the rice fields of Vietnam's Mekong Delta were set alight to make way for the next crop, blackening the sky and flooding the air with potent greenhouse gases. In the Mekong Delta, Canh, now a 39-year-old rice farmer, does not leave straw out to decay on the paddies -- nor does he burn it, as his parents did before him.
Japan inflation slows to 3.1% in February
Japan's consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months, government data showed Friday. The 3.1 percent rise is above the Bank of Japan's longstanding two-percent target, which has been surpassed every month since April last year.
AFP
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