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PARIS, July 22, 2024 (AFP) – World leaders lined up to pay tribute to Joe Biden after he announced Sunday he was dropping out of the US presidential race. Biden notified the public of his decision in a letter, a stunning move that upends the 2024 race for the White House. He endorsed Vice President Kamala Harris as the Democratic Party’s new nominee. – European allies – Ukrainian leader Volodymyr Zelensky thanked Biden for taking […]
HONG KONG, July 22, 2024 (AFP) – Asian markets fell Monday as Joe Biden’s decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China’s decision to cut interest rates in a bid to boost the country’s stuttering economy. After last weekend’s assassination attempt on Donald Trump — and the following Republican convention — boosted bets he would win November’s election, investors were trying to work […]
NEW YORK (AFP) – Earth’s population will peak in the mid-2080s at around 10.3 billion people, then drop slightly to a level much lower than anticipated a decade ago, the United Nations said. The current population of 8.2 billion people will rise to that maximum over the next 60 years, then dip to 10.2 billion by the end of the century, says a report released Thursday entitled “World Population Prospects 2024.” It said the size […]
WASHINGTON, July 14, 2024 (AFP) – World leaders and governments reacted with shock to the wounding of Donald Trump in an assassination attempt against the former US president at an election rally. Presidents and prime ministers globally spoke out against political violence and expressed their support for those affected by the Saturday shooting, which killed one bystander and left two other spectators critically wounded. – Europe – European Commission President Ursula von der Leyen said […]
PARIS, March 22, 2024 (AFP) – The world needs to better manage its freshwater resources but thirsty new technologies touted as solutions could lead to “serious problems” if left unchecked, a UN report warned Friday. Roughly half of the planet’s population is facing grave water shortages, with climate change-linked droughts affecting more than 1.4 billion people between 2002 and 2021, the report for the UN cultural agency UNESCO said. As of 2022, more than 2 […]
By Daniel Lawler PARIS, March 11, 2024 (AFP) – Covid-19 caused the average life expectancy of people worldwide to fall by 1.6 years during the first two years of the pandemic, a more dramatic decline than previously thought, a major study said Tuesday. This marked a sharp reversal during a decades-long rise in global life expectancy, according to hundreds of researchers sifting through data for the US-based Institute for Health Metrics and Evaluation (IHME). “For […]
LONDON, Feb 22, 2024 (AFP) – Global stock markets rallied Thursday, with Tokyo breaking a record high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence. Highly anticipated results from Nvidia after the Wall Street close Wednesday saw the company post quarterly profit of $12.3 billion on record revenue, driven by demand for its AI-powering chips. Japan’s Nikkei 225 jumped 2.2 percent […]
LONDON, Jan 12, 2024 (AFP) – Oil prices surged four percent on Friday after US and UK forces launched strikes against Iran-backed Huthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region. Tokyo and European stock markets ended the week with strong gains as traders brushed off data showing US inflation rose more than expected in December. Wall Street had ended flat on Thursday, […]
PARIS, Jan 11, 2024 (AFP) – The world added 50 percent more renewable energy capacity in 2023 over the year before, the International Energy Agency said Thursday, predicting booming growth in the next five years. The United Nations-led COP28 summit concluded in Dubai last month with nearly 200 nations agreeing to a first-ever call for the world to transition away from fossil fuels. “The amount of renewable energy capacity added to energy systems around the […]
By Antoine GUY, with Emeline Burckel in London PARIS, Jan 5, 2024 (AFP) – International maritime trade has hit stormy waters as attacks by Yemen’s Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge. Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which 12 percent of world trade usually passes. The Huthis say the […]
HONG KONG, Dec 20, 2023 (AFP) – Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year. The advances come even as central bank officials try to push back against expectations, which have set markets up for a healthy end-of-year rally. The next key event this week will be the release of the US personal consumption expenditures […]
PARIS, Nov 29, 2023 (AFP) – The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works. In its latest economic outlook, the Organisation for Economic Co-operation and Development trimmed its forecast for global growth this year to 2.9 percent, down from the 3.0 percent it forecast in September. The grouping […]
