Paris, France | AFP | by Laurent THOMET The world’s biggest banks took a stock market beating on Friday as trouble at a US regional lender sparked concerns over the wider sector. The four biggest US banks lost a whopping $52 billion in market value on Thursday after shares in SVB Financial, a major lender to the tech industry, sank by 60 percent. SVB Financial spooked the markets after announcing a stock offering and offloading […]
Other News
North Korea’s Kim orders intensified ‘real war’ drills
Kim Jong Un ordered North Korea’s military to intensify drills for a “real war”, state media reported Friday, as the leader oversaw a fire assault drill with his daughter in tow. Photographs showed Kim and his daughter, both wearing matching black jackets, accompanied by uniformed officers as they watched an artillery unit fire a volley of missiles on Thursday. The South Korean military said yesterday it had detected the launch of one ballistic missile and […]
What to expect from Xi’s next five years as Chinese president
Xi Jinping on Friday sealed a historic third term as China’s president. AFP examines how he is expected to handle the key issues facing the country: – Slowing economy – China’s slowing economy will likely dominate Xi’s next five years but his decision to pack the Communist Party’s top leadership with loyalists has stoked concerns about him prioritising ideology at the expense of growth. The world’s second-largest economy expanded just three percent last year, widely […]
Nearly 130,000 facing starvation in Horn of Africa: WHO
Nearly 130,000 people in the Greater Horn of Africa are “staring death in the eyes” from catastrophic hunger, the World Health Organization (WHO) warned Friday. Some 48 million people in the Greater Horn — Djibouti, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda — are facing crisis levels of food insecurity, the WHO said. That means households skipping meals and depleting savings and assets in order to eat. Of those, six million are facing emergency […]
Russian President Putin congratulates China’s counterpart Xi Jinping on new term, hails ‘strengthening’ ties
Russian President Vladimir Putin on Friday congratulated Xi Jinping on his third term as China’s leader, hailing the strengthening ties between the two countries. “Dear friend, please accept sincere congratulations on the occasion of your reelection,” Putin said in a statement released by the Kremlin. “Russia highly values your personal contribution toward the strengthening of ties… and strategic cooperation between our nations.” “I am certain that working together, we will ensure the development of […]
China’s Xi handed historic third term as president
by Peter CATTERALL Xi Jinping was handed a third term as Chinese president on Friday, capping a rise that has seen him become the country’s most powerful leader in generations. His appointment by China’s rubber-stamp parliament comes after Xi locked in another five years as head of the Chinese Communist Party (CCP) in October. Since then, the 69-year-old has weathered widespread protests over his zero-Covid policy and the deaths of countless people after its abandonment. […]
NRL vows to get rid of racism after Australian rugby player abused
Sydney, Australia (AFP) — Australia’s National Rugby League vowed Friday to rid the sport of racism after South Sydney’s Indigenous fullback Latrell Mitchell was racially abused. A slur was hurled from the crowd as the 25-year-old left the field at half-time during a 16-10 defeat at the Penrith Panthers on Thursday. NRL chief executive Andrew Abdo, who told reporters that the governing body is working with police to establish the full facts, called any abuse […]
Warnings over AI and toxic beauty myths dog TikTok’s Bold Glamour filter
by Alex PIGMAN with Glenn CHAPMAN in San Francisco Agence France Presse Washington, United States (AFP) — TikTok’s latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face. Quietly released to the app’s more than a billion users, Bold Glamour convincingly blends a user’s real face with an AI-generated ideal of a supermodel, drawing both […]
Scientists use TikTok to explain, fight climate change
by Luca MATTEUCCI Agence France Presse Paris, France (AFP) — With his moustache caked in icicles and frozen droplets, glaciologist Peter Neff shows his 220,000 TikTok followers a sample of old ice excavated from Antarctica’s Allan Hills. The drop-shaped fragment encapsulates tiny air bubbles, remnants of 100,000-year-old atmosphere. The greenhouse gases trapped inside carry precious information on Earth’s past climate, explains @icy_pete as he brings the translucid nugget closer to the camera. A growing number […]
Texas executes man convicted of drug-related quadruple murder
HOUSTON, United States (AFP) — An American man convicted of a quadruple murder linked to drug trafficking more than 30 years ago was executed in Texas on Thursday. Arthur Brown Jr, 52, received a lethal injection at the Texas State Penitentiary in the city of Huntsville, in the eastern part of the vast southern US state, the state prisons board said. This made Brown the fifth death row inmate to be executed in the conservative […]
Northeast monsoon affecting Luzon: PAGASA
(Eagle News) — The northeast monsoon is affecting Luzon. The Philippine Atmospheric Geophysical and Astronomical Services Administration said Metro Manila and the rest of Luzon will have partly cloudy to cloudy skies with light rains as a result. Visayas and Mindanao will have partly cloudy to cloudy skies with isolated rain showers or thunderstorms. Flash floods or landslides during severe thunderstorms are possible. PAGASA said Luzon and the eastern sections of Visayas and Mindanao will […]
Peru returns seized Roman coins to Italy
LIMA, Peru (AFP) — Peru on Thursday returned a collection of 73 Roman coins, some from the second and fourth centuries, to the Italian embassy in Lima, the foreign ministry said. The coins were seized from a Peruvian woman in 2021 at the international airport in Cusco, a tourist hub and gateway to the world renown Machu Picchu Inca citadel. Peru’s deputy foreign minister, Ignacio Higueras, told reporters that the collection of 73 coins “are […]





