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HANOI, Sept 29, 2023 (AFP) – Vietnam’s economy grew 5.3 percent on-year in the third quarter, official data showed Friday, though experts warned it was on course to miss an ambitious year-end target. Loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact, the General Statistics Office (GSO) said. But analysts warn it will be an uphill battle for the clothing, shoes and electronics manufacturing hub to reach […]
By Camille Camdessus and Paul Handley WASHINGTON, Sept 27, 2023 (AFP) – The US Senate drafted a last-ditch short-term budget proposal Tuesday as time was running out for Congress to avoid a partial government shutdown, though the odds of it passing the House remained slim. With just days left before the September 30 deadline, both Democratic Senate Majority leader Chuck Schumer and Republican minority leader Mitch McConnell endorsed the draft, which would keep the government […]
By Julie Chabanas and Frankie Taggart WASHINGTON, Sept 25, 2023 (AFP) – Millions of Americans braced Monday for pay and welfare checks to stop within days as Congress careened toward a damaging government shutdown, with Republican right wingers blocking attempts to pass a budget. Four months after barely avoiding the more serious prospect of a credit default, the world’s largest economy is once again on the verge of a convulsion, with the lights due to […]
LONDON, Sept 26, 2023 (AFP) – Most global stock markets fell Tuesday as investors grow increasingly concerned that US interest rates will rise again and stay elevated for a prolonged period to tame inflation. Asian bourses closed in the red, most of Europe was trading down in afternoon selling and Wall Street fell in opening trade. US Treasury yields jumped to fresh 16-year highs in the wake of Federal Reserve signals that it might raise […]
SYDNEY, Sept 25, 2023 (AFP) – Qantas pilots called Tuesday on the Australian carrier’s chairman Richard Goyder to resign for presiding over “woeful decisions” that have battered morale and the airline’s reputation. The call comes after former chief executive Alan Joyce took early retirement on September 5 as Qantas battled criticism over high prices, mass ground staff layoffs and allegations it sold thousands of tickets for already-cancelled flights. “Richard Goyder has overseen one of the […]
NEW YORK, Sept 25, 2023 (AFP) – Ford is halting work on a major battery plant in the northern US state of Michigan, the automaker said Monday, just seven months after launching the project with a Chinese partner. The stoppage, which a Ford a representative confirmed to AFP, comes as the company faces a major strike along with both of the other “Big Three” US automakers, Stellantis and General Motors. The Ford spokesperson insisted the […]
By Julie Chabanas and Frankie Taggart WASHINGTON, Sept 25, 2023 (AFP) – Millions of Americans braced Monday for pay and welfare checks to stop within days as Congress careened toward a damaging government shutdown, with Republican right wingers blocking attempts to pass a budget. Four months after barely avoiding the more serious prospect of a credit default, the world’s largest economy is once again on the verge of a convulsion, with the lights due to […]
JAKARTA, Sept 25, 2023 (AFP) – Indonesian President Joko Widodo said new regulation on social media commerce could be passed as soon as Tuesday, as Jakarta aims to rein in sales on tech platforms it says are harming local businesses. Indonesian users spent more money on TikTok than anywhere else in Southeast Asia over the past year, as the app’s e-commerce arm rapidly grew to gain a substantial regional market share and millions of sellers […]
BANGKOK, Sept 25, 2023 (AFP) – Chinese tourists received a personal welcome from the Thai prime minister Monday as they arrived in Bangkok under a new visa-free scheme the government hopes will give the kingdom’s vital tourism sector a boost. Traditional dancers accompanied a smiling PM Srettha Thavisin as he greeted visitors arriving from Shanghai at Bangkok’s Suvarnabhumi airport, handing out welcome gifts. “I was shocked by the welcoming ceremony, and I’m very happy. It’s […]
WASHINGTON, Sept 22, 2023 (AFP) – President Joe Biden announced Friday he will travel to the US state of Michigan next week to show support for striking auto workers, a visit coming on the eve of a similar trip by his right-wing 2024 election challenger Donald Trump. “Tuesday, I’ll go to Michigan to join the picket line and stand in solidarity with the men and women of (United Auto Workers) as they fight for a […]
NEW YORK, Sept 22, 2023 (AFP) – The US auto workers union expanded a potentially economically and politically damaging strike against two of Detroit’s “Big Three” Friday — and invited President Joe Biden to support workers on the picket line. UAW President Shawn Fain announced a strike of all 38 US parts and distribution centers at General Motors and Stellantis, where negotiations are stalled. Fain did not expand the stoppage at Ford, where there […]
TOKYO, Sept 22, 2023 (AFP) – The Tokyo Game Show is back in full swing after the pandemic, one of the sector’s biggest trade fairs with 200,000 visitors expected over four days. AFP looks at the main trends at this year’s event, which throws its doors open to the public this weekend in a huge convention centre in Chiba, outside Tokyo. – Mobiles to PCs – Mobile games account for 60 percent of sales in […]
