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NEW YORK, Dec 30, 2023 (AFP) – A federal prosecutor in New York has decided against pursuing a second trial, this one over corruption and illegal political donations, against former crypto mogul Sam Bankman-Fried. The founder and CEO of the FTX cryptocurrency exchange platform, Bankman-Fried had been charged earlier with misappropriating billions of dollars of his clients’ funds without their consent. He was found guilty in early November of seven counts including fraud, conspiracy and […]
TOKYO, Dec 29, 2023 (AFP) – Tokyo’s benchmark Nikkei 225 index gained 28.2 percent in 2023, its best yearly performance in a decade. The Nikkei closed down 0.22 percent, or 75.45 points, at 33,464.17 on Friday, the final trading day of the year ahead of a lengthy New Year’s holiday break. “Warren Buffett’s comments triggered a reappraisal of Japanese equities” in 2023, senior market analyst Masayuki Doshida of Rakuten Securities said, referring to the US […]
WASHINGTON, Dec 27, 2023 (AFP) – A federal court handed Apple a victory on Wednesday by suspending a ban on the US sale of its latest watch models in a feud over patents with health company Masimo. “We are thrilled to return the full Apple Watch lineup to customers in time for the new year,” an Apple spokesperson said in an email to AFP. “Apple Watch Series 9 and Apple Watch Ultra 2, including the […]
By Nina LARSON GENEVA, Dec 24, 2023 (AFP) – A number of flights from Geneva airport were delayed and some were cancelled during the holiday rush Sunday, as dozens of ground staff went on strike over a wage dispute. The workers began their strike at 4:00 am (0300 GMT) to protest conditions provided by their employer, the Dubai National Air Travel Agency (Dnata). Dnata personnel, who handle about a fifth of the traffic through Cointrin […]
WASHINGTON, Dec 23, 2023 (AFP) – A proposed deal that would see US Steel Corp bought by Japan’s Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. Unveiling the planned transaction this week, the two companies depicted the deal as a marriage of the holders of top technologies that would boost steel output and accelerate efforts toward decarbonization. But US Steel’s possible sale […]
By Paula RAMON YUMA, United States, Dec 23, 2023 (AFP) – As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? Thousands of photovoltaic slabs are being installed across the United States every day, particularly in the sunny west and south of the country, as states like California race to towards greener energy production. But with an […]
TOKYO, Dec 23, 2023 (AFP) – Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The 7.95 trillion yen ($56 billion) draft budget for the 2024-25 fiscal year was approved by the cabinet, in line with Prime Minister Fumio Kishida’s pledge to raise defence spending over the next few years. Japan has a pacifist post-war constitution, which limits its military capacity […]
By Shaun TANDON WASHINGTON, Dec 22, 2023 (AFP) – The United States said Friday it will impose sanctions on foreign banks that support Russia’s war in Ukraine, in a new bid to exert pressure on Moscow as it diversifies from the West to China. Under an executive order signed by President Joe Biden, the United States will slap so-called secondary sanctions against financial institutions that back companies already targeted for supporting Russia’s defense industry. “We […]
LONDON, Dec 21, 2023 (AFP) – Crude prices slumped on Thursday after Angola quit the OPEC oil cartel, while Wall Street stocks rebounded after a streak of records was snapped. The price of the main international and US crude contracts dropped more than 1.5 percent after Angola said it was leaving as it did not want to go along with further production cuts that OPEC and 10 Russian-led allies agreed last month. They later pared […]
TOKYO, Dec 22, 2023 (AFP) – Japanese consumer inflation slowed to 2.5 percent year-on-year in November, down from 2.9 percent the previous month, as electricity and gas bills declined, government data showed Friday. The figure for the world’s third-largest economy, which excludes volatile fresh food prices, was in line with market expectations in a Bloomberg survey. It is the lowest increase in prices since July 2022, as electricity and gas bills declined while the cost […]
TOKYO, Dec 21, 2023 (AFP) – Sales of Sony’s PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to “strong momentum” this year for its flagship gaming console. The PS5 was launched in November 2020, with the world in the grip of the Covid pandemic, and its sales initially suffered because of widespread supply chain problems and a global chip shortage. Still, the PS5 reached the 50-million-unit milestone in almost the […]
TOKYO, Dec 21, 2023 (AFP) – Shares in Japanese auto titan Toyota dived Thursday as a rigged safety test scandal builds at subsidiary Daihatsu, and after it recalled a million vehicles in the United States over airbag safety concerns. Daihatsu said Wednesday it would suspend domestic and overseas shipments of all its vehicles in light of an independent panel’s report that found it had been manipulating tests as long ago as 1989. Toyota expressed its […]
