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London, United Kingdom | AFP | by Valentine GRAVELEAU A “full English breakfast” is not full without eggs. Whether fried or scrambled, they round out the calorific mainstay of traditional British cafes. But on top of inflationary pressures which have sent the price of ingredients soaring — including bacon, sausages and baked beans — Britain is also contending with a devastating outbreak of avian influenza. The result is a shortage of eggs, which has forced two […]
Tokyo, Japan (AFP) by Katie Forster / Mathias CENA Japanese inflation hit a four-decade high last month, government data showed Friday, fuelled by high energy costs and a weak yen and ramping up pressure on the central bank to move away from its ultra-loose monetary policies. Core consumer prices excluding volatile fresh food rose 3.6 percent on-year in October, marginally higher than analyst expectations. The reading marked the fastest pace since 1982, although it remains […]
by Juliette MICHEL Agence France-Presse NEW YORK, United States (AFP) — Tesla tycoon Elon Musk will take the stand on Wednesday as part of a trial over his $50 billion pay package as CEO of the electric car giant. Musk will testify in the same Delaware court where he faced a lawsuit by Twitter to make sure he went through with his buyout of the social platform. The $44 billion purchase of Twitter has put […]
Nusa Dua, Indonesia | AFP | Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation. “We must contain global inflation and resolve systematic risks in the economy and finance,” Xi told a summit of the 20 major economies taking place in Bali. “Developed economies should reduce the negative spillover effects of their monetary policy adjustments […]
New York, United States | AFP | by Julie CHABANAS The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making “every effort to secure all assets” following unauthorized transactions potentially worth hundreds of millions of dollars. “Unauthorized access to certain assets has occurred,” CEO John Ray said in a statement posted to Twitter by FTX’s general counsel, Ryne Miller. FTX officials did not detail the quantity of unauthorized transactions made, […]
Singapore, Singapore | AFP | Crypto.com’s CEO tried Monday to reassure investors after the company had to recover $400 million following an erroneous transfer, further shaking markets rattled by the collapse of fellow trading site FTX. Chief of the Singapore-based firm Kris Marszalek said on a livestream the company had a “very strong balance sheet”. The platform managed to recover $400 million after it had transferred the ether cryptocurrency to the wrong account. FTX’s bankruptcy […]
London, United Kingdom | AFP | UK fashion retailer Joules on Monday announced it was on the brink of collapse, as decades-high inflation hits business costs and consumer spending. Joules, famous for its posh wellies, intends on appointing administrators to try to salvage some of the business, having failed to secure an emergency injection of cash, a statement said. It added that trading of its shares had been suspended. Joules employs around 1,600 staff, while […]
New York, United States | AFP | Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape. The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. FTX Group announced […]
by Julie JAMMOT Agence France-Presse SAN FRANCISCO, United States (AFP) — Elon Musk’s ownership of Twitter descended ever deeper into chaos on Thursday as key security executives resigned from the platform, drawing a sharp warning from US regulators. The walkouts came a day after the turbulent launch of new features introduced by Tesla and SpaceX owner Musk following his $44 billion buyout of the influential messaging app. Musk on Thursday warned employees that the site […]
by Beiyi SEOW Agence France-Presse WASHINGTON, United States (AFP) — US consumer prices cooled in October but remained at decades-high levels, according to government data released Thursday, keeping the pressure on President Joe Biden as his Democratic party struggles to retain control of Congress. The closely-watched report showed more evidence of rising costs, including a rebound in gasoline prices, in a year when surging inflation topped voter concerns, and as Americans headed to the polls […]
(ASEAN2022 Phnom Penh Media Center) Cambodia hosts the ASEAN Leaders’ Interface with Representatives of ASEAN Business Advisory Council (ASEAN-BAC) in Phnom Penh this afternoon under the chairmanship of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia and Chair of ASEAN 2022. Photo: Hun Yuthkun, El Vattanac, Lanh Visal & Kok Ky – AKP via: Crystal Anne Ballesteros – Correspondent – EBC/NET25 Cambodia
New York, United States | AFP | Paintings and sculptures from the collection of late Microsoft co-founder Paul Allen were auctioned off for a historic $1 billion Wednesday, Christie’s auction house said, with records set for works by Van Gogh, Cezanne, Gauguin, Seurat and Klimt. Five paintings entered the exclusive club of works of art sold for more than $100 million at auction, the New York auction house said, in a sign that the art […]
