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PARIS, France (AFP) – This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a “polycrisis” year, a term popularized by historian Adam Tooze. Get ready for more gloom in 2023. “The number of crises has increased since the start of the century,” said Roel Beetsma, professor of macroeconomics at the University of Amsterdam “Since World […]
by Julie Jammot with Laurent Barthelemy in Paris Agence France Presse San Francisco, United States (AFP) — California start-up OpenAI has released a chatbot capable of answering a variety of questions, but its impressive performance has reopened the debate on the risks linked to artificial intelligence (AI) technologies. The conversations with ChatGPT, posted on Twitter by fascinated users, show a kind of omniscient machine, capable of explaining scientific concepts and writing scenes for a play, […]
(Eagle News) — A 5.3-magnitude earthquake struck off Camarines Norte on Wednesday, December 7. According to the Philippine Institute of Volcanology and Seismology, the quake hit at 1:05 p.m. The epicenter was 19 kilometers northeast of Tinaga Island. The depth of focus was one kilometer. The following intensities and instrumental intensities were reported: Reported Intensities: Intensity II – Quezon City Instrumental Intensities: Intensity V – Mercedes, Jose Panganiban, Camarines Norte Intensity IV – Daet, Camarines […]
(Eagle News) — The Commission on Appointments committee on energy has formally recommended the ad interim appointment of Raphael Lotilla as Department of Energy chief. With the committee’s recommendation, Lotilla’s ad interim appointment is now up for approval. It was Senator Juan Miguel Zubiri who moved to send the panel’s recommendation to the plenary after no further concerns were raised during deliberations on Wednesday, December 7. The CA panel had deferred hearing Lotilla’s ad interim […]
HONG KONG, China (AFP) – Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York’s three main indexes after the heads of Wall Street’s leading banks warned of tough times ahead in 2023. JPMorgan Chase chief Jamie Dimon tipped a “mild to hard recession” and Goldman Sachs’ […]
PHOENIX, United States (AFP) – President Joe Biden declared the comeback of US manufacturing Tuesday at the site of a mammoth expansion to a Taiwanese-owned semiconductor plant aimed at breaking risky US dependency on foreign-based producers for the vital component. “American manufacturing is back, folks. American manufacturing is back,” Biden said at the plant in Phoenix, Arizona, accompanied by senior political allies and titans of the corporate world, including Apple CEO Tim Cook and Micron CEO Sanjay […]
by Robbie Corey-Boulet Agence France-Presse RIYADH, Saudi Arabia (AFP) — Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional leaders likely focused on energy. The overseas trip is only Xi’s third since the coronavirus pandemic began in 2020, and his first to Saudi Arabia, the world’s biggest crude oil exporter, since 2016. It will feature bilateral meetings with Saudi King Salman and Crown Prince Mohammed bin Salman, […]
(Eagle News) — A small phreatomagmatic burst was monitored in Taal, the Philippine Institute of Volcanology and Seismology said on Wednesday, December 7. According to PHIVOLCS, the small eruption in the volcano, which remains on alert level 1, lasted for one minute. Sulfur dioxide flux was monitored at 2115 tons / day. A weak steam reaching 600 meters high was also seen in the volcano. PHIVOLCS reminded the public about the ban on the entry […]
by Benjamin LEGENDRE Agence France-Presse MONTREAL, Canada (AFP) — UN Secretary-General Antonio Guterres on Tuesday slammed multinational corporations for turning the world’s ecosystems into “playthings of profit” and warned failure to correct course would lead to catastrophic results. “With our bottomless appetite for unchecked and unequal economic growth, humanity has become a weapon of mass extinction,” he said, in a speech ahead of biodiversity talks in Montreal. Since taking office in 2017, Guterres, a former […]
by Shaun TANDON Agence France-Presse WASHINGTON, United States (AFP) — The United States and Australia said Tuesday they would welcome Japanese troops into three-way rotations, vowing a united front in the face of China’s rapid military advances. Australia’s defense and foreign ministers said they agreed to step up the pace of military interactions with the United States during talks with their counterparts in Washington, after which they will fly to Tokyo. “It’s really important that […]
DOHA, Qatar (AFP) — Portugal dismantled Switzerland 6-1 to charge into the World Cup quarter-finals on Tuesday as Goncalo Ramos started in place of Cristiano Ronaldo and scored the first hat-trick of the tournament. The Portuguese will face Morocco in the quarter-finals after sweeping aside the Swiss in a display that was every bit as impressive as Brazil’s demolition of South Korea 24 hours earlier. In a surprise move, 21-year-old Benfica forward Ramos replaced Ronaldo […]
Warsaw, Poland (AFP) — Poland’s Defense Minister Mariusz Blaszczak on Tuesday said the EU member would accept Patriot missiles from Germany after earlier calling on Berlin to send them to Ukraine instead. “After talking to the German defense minister, it is with disappointment that I have accepted the decision to refuse support for Ukraine,” Blaszczak said on Twitter. “Deploying the Patriots in western Ukraine would have increased Polish and Ukrainian security. We thus proceed to […]
