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Ex-Abercrombie CEO pleads not guilty to sex crimes
Ex-Abercrombie CEO pleads not guilty to sex crimes
by  AFP

The former chief executive of the Abercrombie and Fitch clothing giant has pleaded not guilty to trafficking male models for sex parties around the world, US prosecutors said Friday. Jeffries, Smith and the pair's fixer James Jacobson allegedly used a "casting couch" ploy to groom aspiring male models to attend sex parties at which victims were plied with alcohol and drugs.

Moody's cuts France outlook, opening door to credit downgrade
Moody's cuts France outlook, opening door to credit downgrade
by  AFP

Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances. In the same statement, the agency affirmed France's credit rating at Aa2, saying this was supported by its "large, wealthy and diversified economy."

G20 affirms commitment to transition from fossil fuels
G20 affirms commitment to transition from fossil fuels
by  AFP

G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released Friday. The latest talks took place as world financial leaders gathered in Washington this week for meetings hosted by the International Monetary Fund and the World Bank.

Boeing exploring sale of space business: report
Boeing exploring sale of space business: report
by  AFP

Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported Friday. Boeing has for years worked closely with the US National Aeronautics and Space Administration (NASA), but the company's space program has suffered major setbacks in recent years.