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LONDON, United Kingdom (Reuters) — Two dazzling pink and blue pear-shaped diamonds are together expected to fetch close to $70 million when they go under the hammer next month. Sotheby’s said the Apollo and Artemis stones are “by far the most important pair of earrings ever offered at auction”. They will be offered to buyers separately at the auction house’s May 16 Magnificent Jewels and Noble Jewels sale in Geneva. The 14.54 carat Apollo Blue […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Tesla Motors overtook General Motors to become the biggest US automaker by market capitalization Monday, a sign of how Silicon Valley has captured investor excitement at Detroit’s expense. Tesla shares were up 3.0 percent to $311.74 near 1720 GMT, for a market capitalization of $51.43 billion, more than $1 billion above GM, a 109-year-old company that sold almost 120 times as many cars […]
by Robin MILLARD Agence France Presse STANDFORD-LE-HOPE, United Kingdom (AFP) — The first-ever freight train from Britain to China started its mammoth journey on Monday along a modern-day “Silk Road” trade route as Britain eyes new opportunities after it leaves the European Union. The 32-container train, around 600 metres (656 yards) long, left the vast London Gateway container port laden with whisky, soft drinks and baby products, bound for Yiwu on the east coast of […]
HONG KONG, China (AFP) — Asian investors moved cautiously Monday as last week’s US missile strikes on a Syrian airfield fuelled geopolitical tensions and led to sabre-rattling between Washington and Russia. There are fears about brewing tensions between the two powers, with the US suggesting there can be no peace while Moscow-backed Bashar al-Assad remains Syria’s president. Greg McKenna, chief market strategist at AxiTrader, said the attack showed the US was not pulling back from […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with a weaker yen lifting car makers and other exporters as risk fears over last week’s US attack on Syria waned. Geopolitical tensions spiked after US President Donald Trump ordered a cruise missile strike on a Syrian air base in retaliation for a deadly chemical weapons attack in the country blamed on the regime of President Bashar al-Assad. “The US strikes were seen for what they […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks finished modestly lower Friday following a disappointing US jobs report, while Pentagon missile strikes on Syria lifted defense shares and oil prices. Gold prices, a traditional safe haven in times of turbulence, also rallied following the Syria action, while global stock markets were mixed. The Labor Department reported that the US added just 98,000 jobs in March, far below […]
SEOUL, South Korea (AFP) — Samsung Electronics said Friday it expects profits to soar by 48.2 percent in the first quarter despite a smartphone recall fiasco and the arrest of its de facto head. The world’s largest memory chip and smartphone maker estimated its operating profit in the January-March period at 9.9 trillion won ($8.8 billion), up 48.2 percent from a year earlier, thanks to strong sales of memory chips and display panels. It marked […]
SAN FRANCISCO, United States (AFP) — Facebook on Thursday ramped up its fight against “fake news” by adding tips on how to tell when shared stories are bogus. An initiative being launched in the United States, France and a dozen other countries added an educational tool in an “awareness display” in news feeds at the leading online social network. “By clicking on the awareness display located at the top of their news feed, users will […]
WASHINGTON, United States (AFP) — Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018. Speaking Wednesday at the 33rd Space Symposium in Colorado Springs, Colorado, Bezos vowed to lower the cost of space travel and start taking customers to space by next year. The entrepreneur did not say how […]
(Eagle News) — Finance Secretary Carlos Dominguez III told participants at the ASEAN Finance Ministers Investors’ Seminar (AFMIS) that now is the best time to invest in the economies of the 10-nation Association of Southeast Asian Nations (ASEAN) as they are expected to collectively become a strong driver of global growth in the next decade. Dominguez, as host of this year’s AFMIS, delivered the opening remarks at the forum’s plenary session. Finance ministers and central […]
by Lachlan Carmichael STRASBOURG, France (AFP) — The European Parliament on Wednesday overwhelmingly adopted tough “red lines” for negotiations over a Brexit deal, on which European Union lawmakers will have the final say in two years’ time. The parliament largely followed EU President Donald Tusk’s draft guidelines issued last week after British Prime Minister Theresa May formally triggered the historic Brexit process. But they omitted any mention of the flashpoint issue of Gibraltar, unlike Tusk’s […]
NEW YORK, United States (AFP) — Pepsi said Wednesday it was dropping an ad featuring the supermodel Kendall Jenner that appeared to use the “Black Lives Matter” protests to promote the soda brand. The spot provoked an outcry and widespread derision on social media claiming Pepsi was seeking to profit from the social justice movement. “Pepsi was trying to project a global message of unity, peace and understanding. Clearly we missed the mark, and we […]
