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BUDAPEST, Hungary (AFP) — Artistic swimmer Anita Alvarez was dramatically rescued from the bottom of the pool by her coach after fainting at the World Aquatics Championships in Budapest. Andrea Fuentes leapt in to rescue Team USA’s Alvarez, who had sunk to the bottom of the pool and was not breathing after completing her routine during Wednesday night’s solo free final. “It was a big scare. I had to jump in because the lifeguards weren’t […]
Stock markets wobbled and oil prices sank on Friday over growing fears that inflation-fighting interest rate hikes by central banks could trigger recessions. Investors were shaken this week after the US Federal Reserve unleashed its biggest hike in borrowing costs for almost 30 years to tackle runaway consumer prices. This was followed by the fifth straight hike by the Bank of England and the first in 15 years by the Swiss central bank, underscoring the […]
HONG KONG, China (AFP) — Asian markets mostly fell Friday after another hefty drop in New York as central bank interest rate hikes fan fears of a recession, while the yen sank after the Bank of Japan said it would not yet follow its global peers in tightening policy. Gone is the optimism that flowed through trading floors immediately after the Federal Reserve on Wednesday announced its biggest rate increase for 28 years as global […]
JOHANNESBURG, South Africa (AFP) – Russia’s assault on Ukraine is similar to its actions in the Syrian war, Amnesty International said Tuesday, raising concerns of “war crimes” as the civilian toll grows a month after Moscow’s invasion. “What is happening in Ukraine is a repetition of what we have seen in Syria,” Agnes Callamard, secretary general of the global rights watchdog, told AFP. She was speaking in Johannesburg at the launch of the group’s annual […]
NEW YORK, United States (AFP) — Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian crude raised concerns about global supplies. Top producer Saudi Arabia warned that Yemeni rebel attacks on the kingdom’s oil facilities pose a “direct threat” to global supplies, while Baltic states indicated they would favor an embargo of Russian crude in retaliation for its invasion of Ukraine. The comments propelled […]
US benchmark oil contract, West Texas Intermediate, soared more than 10 percent in value Tuesday, as Ukraine’s invasion by key producer Russia fuels fears over supplies. WTI reached $106.29 per barrel and European benchmark Brent North Sea crude surged more than nine percent to $107.44 — with both levels the highest in more than seven years. emb-bcp/kjm © Agence France-Presse
Oil surged past $105 per barrel and equities tumbled Thursday after key crude producer Russia sent forces into Ukraine, accelerating fears of a major war in eastern Europe. Asian and European stock markets nosedived — with Frankfurt shedding five percent in mid-afternoon trading — as investors fled risky equities, while haven investment, gold, rose to just over $1,955 per ounce. After weeks of warnings from the United States and other powers, Russian President Vladimir Putin […]
Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, accelerating fears of a major war. Markets have been hammered this week after the Kremlin recognised two breakaway regions in eastern Ukraine and said it would provide “peacekeepers” to the regions, leading to warnings of a conflagration. The Russian president said in a surprise statement on television: “I have made the […]
PARIS, France (AFP) — The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum. A […]
HONG KONG, China (AFP) — Asian stocks fell on Monday on fears about a fresh global surge in coronavirus infections and as the future of US President Joe Biden’s massive social spending bill was thrown into doubt after it lost the crucial vote of a moderate Democrat. With traders beginning to wind down ahead of the festive season, analysts said trade was thinner and markets more susceptible to swings, but the mood has become increasingly […]
by Ali BEKHTAOUI Agence France Presse PARIS, France (AFP) — The share of global wealth of the world’s richest people soared at a record pace during the Covid pandemic, a report on inequality showed Tuesday. Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report. “This increase was exacerbated during the Covid pandemic. In fact, 2020 marked the steepest increase in global billionaires’ […]
Fully vaccinate 70 percent of population by middle of next year, says WHO as Tedros airs appeal to beat COVID through cooperation, vaccine donations, info sharing (Eagle News) — The head of the World Health Organization (WHO) asked member states and countries to beat and end the COVID-19 pandemic by fully vaccinating at least 40 percent of their population by year-end and 70 percent by the middle of next year. WHO Director General Dr. Tedros […]
