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Ukraine needs $411 bn for reconstruction, recovery: World Bank
Ukraine's reconstruction and recovery needs have grown to $411 billion, just over a year since Russia's invasion, the World Bank said Wednesday. Ukraine's reconstruction will "take several years," said the World Bank's vice president for Europe and Central Asia, Anna Bjerde.
Kenya's Ruto seeks to reassure investors after protests
Kenya's President William Ruto on Wednesday vowed to rein in "impunity" and sought to reassure investors in the wake of violent opposition protests against his government. "Through the rule of law, the government will take robust measures to honour and respect the rights of all and demonstrate that no one is above the law by decisively combating impunity, lawlessness and disorder," Ruto said.
EU unveils 'right to repair' rules to cut tech waste
The EU's executive arm proposed new rules on Wednesday that would force manufacturers to allow customers to have broken products repaired, in a bid to cut the number thrown out. The 10-year rule will apply to products that are subject to the EU's "repairability requirements", with the bloc promising to add phones and tablets to that category soon.
France's Macron defiant on pension reform despite uproar
French President Emmanuel Macron on Wednesday defiantly vowed to push through a controversial pensions reform, saying he was prepared to accept unpopularity in the face of sometimes violent protests. "If it is necessary to accept unpopularity today, I will accept it," he added, while acknowledging he had "not succeeded in convincing" the country over the reform.
EU bids to clean up product 'greenwashing' mess
The European Union's executive arm waded into the forest of dubious green labels, fairy tale carbon footprints and false eco-friendly advertising on Wednesday, proposing ways to clean up the "greenwashing" of consumer products.
Greek trains back on track after rail disaster: operator
Intercity rail travel resumed in Greece on Wednesday for the first time since a head-on collision killed 57 people in the nation's worst rail disaster more than three weeks ago, operator Hellenic Train said.
Gaming giant Tencent's 2022 annual net profit falls 16%
Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy. Annual net profit in 2022 fell 16 percent year-on-year for the group, which owns the popular Chinese messaging app WeChat.
US Fed mulls more rate hikes after banking turmoil
US banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday after two weeks of market turmoil over the collapse of three regional lenders. The Fed will also update its GDP growth and interest-rate projections on Wednesday.
UK inflation unexpectedly accelerates
British inflation unexpectedly accelerated in February, data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates despite global markets turmoil. "But the Bank of England may well want to see hard evidence of that before it stops raising interest rates."
AFP
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