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by Nivrita GANGULY Agence France-Presse MUMBAI, India (AFP) — India is snapping up discounted crude from Russia, refining it and selling it, becoming a key supplier to Europe as it reshapes global fuel flows more than a year into Moscow’s war in Ukraine. New Delhi has resisted Western pressure to freeze out Moscow, opting instead to strengthen trade ties with its long-standing ally — with the added benefits of tempering inflation while saving money. – […]
President Vladimir Putin conceded Wednesday that sanctions imposed on Russia for its intervention in Ukraine could bring about “negative” consequences for the country, after insisting Moscow was adapting to the penalties. “The sanctions imposed against the Russian economy in the medium term could really have a negative impact,” Putin said in a televised meeting with the government. Western capitals have imposed unprecedented sanctions on Moscow after Putin launched his operation in Ukraine over a […]
by Tran Minh Thi Ha, and Alice Philipson in Hanoi Agence France-Presse GIA LAI, Vietnam (AFP) — Bitter and earthy. Fit for instant brews only. Robusta coffee has a dire reputation, but a small group of farmers in Vietnam is trying to turn the bean’s fortunes around as a warming world threatens the industry. As an interior designer in trendy Ho Chi Minh City, Tran Thi Bich Ngoc, 42, largely stayed clear of Vietnamese coffee, […]
by Beiyi SEOW Agence France-Presse WASHINGTON, United States (AFP) — The United States and Japan have reached an agreement on trade in minerals that are key to electric vehicle batteries, US trade officials said late Monday, a move to reinforce supply chains in a sector dominated by China. Rare earth elements and minerals such as lithium are becoming increasingly important in clean energy technologies, but the United States is set to face gaps in such […]
Seoul, South Korea | AFP | Saturday 3/25/2023 by Claire LEE Once hailed as a genius, South Korean entrepreneur Do Kwon — now facing multiple criminal charges over his failed cryptocurrency — was a brash industry figure whose fame disintegrated into global notoriety. After months on the run, the 31-year-old, whose full name is Kwon Do-hyung, was arrested Thursday in Montenegro after being caught trying to catch a flight using fake Costa Rican travel documents. […]
Washington, United States | AFP | Saturday 3/25/2023 Gordon Moore, a pioneer in the microprocessor industry and a cofounder of Intel, which at one time was the world’s largest semiconductor maker, died on Friday at the age of 94, Intel said. Moore was a giant in the technological transformation of the modern age, helping companies bring ever more powerful chips to smaller and smaller computers. An engineer by training, he cofounded Intel in July 1968, […]
Beijing, China | AFP | Saturday 3/25/2023 Apple enjoys a “symbiotic” relationship with China, CEO Tim Cook said on Saturday, as the iPhone giant looks to move production out of the country. Cook, who is in China to attend the high-profile China Development Forum, said “Apple and China grew together,” during an interview on the role of technology in education. “This has been a symbiotic kind of relationship that I think we both enjoyed,” he […]
TOKYO, Japan (AFP) — Japan’s consumer prices rose 3.1 percent in February from a year earlier, government data showed Friday, slowing from the four-decade highs seen in previous months. The figure, which excludes volatile fresh food, met market expectations and comes after the government introduced relief measures for soaring energy bills. It is the first deceleration in over a year and marks a drop from January, when consumer prices jumped 4.2 percent on-year — the […]
Blankenfelde, Germany (AFP) by Sophie MAKRIS Balancing on a sloping tiled roof, apprentice Pascal Ode installs a solar panel under the watchful eye of his trainer. Hopes are high that Ode may soon be able to install the systems on both homes and businesses. When he is trained, he will be a much-needed new pair of hands in the industry that is crucial to Germany’s energy transition — but is suffering from an acute worker […]
The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears. The British broadcasting giant reported that it sent staff a message on Sunday saying: “We don’t recommend installing TikTok on a BBC corporate device unless there is a justified business reason. “If you do not need TikTok for business reasons, […]
Zurich, Switzerland | AFP | Monday 3/20/2023 UBS share price plunged on Monday as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to calm stock market nerves. The buyout, in which Switzerland’s biggest bank will take over the second largest, was vital to prevent economic turmoil from spreading throughout the country and beyond, the Swiss government said Sunday. But investors remained on edge, with UBS shares falling as […]
Kuwait City, Kuwait | AFP | Monday 3/20/2023 The Kuwait Oil Company declared a “state of emergency” on Monday following an oil spill on land, but said no injuries or disruption to production had been reported. The emergency followed an “oil leak in the west of the country”, the state-owned company said in a statement, as video posted by Kuwaiti media showed a gushing pipe surrounded by a large slick of oil. “No injuries have […]
