Tech News

G7 beefs up Russia sanctions on Ukraine invasion anniversary

The United States on Friday announced sweeping sanctions aimed at increasing economic pain for Russia over its invasion of Ukraine and sharpening efforts to crack down on Moscow's ability to evade existing restrictions.. The G7 countries, which were holding a virtual summit on Friday to mark the one-year anniversary of Russia launching its invasion, have delivered successive waves of sanctions in an effort the thwart Russia's war machine.

Fri, Feb 24, 2023 3 mins read

Tech News

Macron under fire for honouring Bezos with top award

President Emmanuel Macron was under fire from the French left on Friday for handing billionaire Amazon founder Jeff Bezos the country's highest order of merit.. The Legion of Honour, first established by Napoleon Bonaparte at the start of the 19th century, is France's highest order of merit for both soldiers and civilians.

Fri, Feb 24, 2023 2 mins read

Tech News

Fed's preferred inflation gauge up as spending bounces

A key indicator of US inflation rose in January, according to government data released Friday, while spending bounced after retail sales were boosted by good weather.. But Ian Shepherdson of Pantheon Macroeconomics said in a recent note that "weather boosts to spending usually are one-time factors."

Fri, Feb 24, 2023 1 mins read

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British Airways parent IAG flies back into annual profit

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a return to profit in 2022 as the global aviation sector reopened from Covid lockdowns.. Gallego added that IAG would look to return to much higher pre-Covid profit levels "within the next few years".

Fri, Feb 24, 2023 2 mins read

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Modi calls for World Bank reform at G20 finance meet

Indian Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.. This is partly because they have been slow to reform themselves," Modi said by video link as the two-day gathering began.

Fri, Feb 24, 2023 2 mins read

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S.Africa's Eskom gets interim head after CEO's sudden exit

Beleaguered South African power utility Eskom appointed an interim CEO on Friday, capping a week of high drama marked by a bombshell interview in which the firm's previous head accused the ruling party of graft.. John Steenhuisen, the head of the leading opposition party, the Democratic Alliance (DA) said the former CEO was "a national hero."

Fri, Feb 24, 2023 2 mins read

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Inside Pique's Kings League, turning sport to spectacle

A masked La Liga player, a special card to send off an opponent, club presidents taking penalties and Gerard Pique himself opining on a new rule voted for by viewers.. La Liga president Javier Tebas labelled it a "circus" but despite its initial success, the Kings League does not want to threaten the classic model.

Fri, Feb 24, 2023 4 mins read

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Telecom firms aim to shrug off slump at annual get-together

Telecom companies will aim to put a positive spin on their current slump in fortunes when they gather in the Spanish city of Barcelona on Monday for the annual Mobile World Congress (MWC), the biggest event in the industry’s calendar.. However, the MWC is unlikely to see the launch of many flashy new handsets, with most companies preferring to hold their own dedicated events.

Fri, Feb 24, 2023 3 mins read

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Crumbling Pakistan economy puts children's futures on hold

Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest her weary legs.. Nadia's family, meanwhile, eat only twice a day, have stopped buying milk, and consider meat an unobtainable luxury.

Fri, Feb 24, 2023 4 mins read

Tech News

Modi calls for World Bank reform at G20 finance meet

Indian Prime Minister Narendra Modi added his voice Friday to calls for the reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.. This is partly because they have been slow to reform themselves," Modi said by video link as the two-day gathering began.

Fri, Feb 24, 2023 2 mins read