Tech News

Argentina revives special 'soy dollar' to boost reserves

Argentinian soy farmers will be able to sell their product at a preferential exchange rate, as the country seeks to shore up its central bank reserves, according to a decree published Monday.. A similar preferential soy rate was applied in September, when soybean sales earned the country almost $8 billion.

Kim Kardashian 're-evaluating' Balenciaga ties after controversial ads

Reality show star and social media titan Kim Kardashian said she is "re-evaluating" her involvement with luxury fashion house Balenciaga, after it apologized for ads featuring children holding teddy bears wearing what critics called bondage gear.. Two of them showed young children holding handbags in the shape of teddy bears, which were wearing black leather straps with silver studs.

Eurozone inflation hasn't peaked yet, says ECB's Lagarde

Eurozone inflation is running at a record high and has not yet peaked, European Central Bank President Christine Lagarde said Monday, signalling further interest rate hikes to come.. "I would like to see inflation having peaked in October but I'm afraid that I would not go as far as that," Lagarde told European lawmakers in Brussels.

Irish regulator fines Meta 265 mn euros over data breach

Ireland's data regulator on Monday slapped Facebook owner Meta with a 265-million-euro ($275-million) fine after details of more than half a billion users were leaked on a hacking website.. The fine follows a landmark decision by the Irish watchdog to fine Meta a record 405 million euros in September after its Instagram platform was found to have breached regulations on the handling of children's data.

Irish regulator fines Meta 265 mn euros over data breach

Ireland's data regulator on Monday slapped Facebook owner Meta with a 265-million-euro ($275-million) fine after details of more than half a billion users were leaked on a hacking website.. The fine follows a landmark decision by the Irish watchdog to fine Meta a record 405 million euros in September after its Instagram platform was found to have breached regulations on the handling of children's data.

Saudi unveils plan for massive new airport in capital

Saudi Arabia on Monday announced plans for a new airport in Riyadh intended to spur rapid growth in the capital while advancing the kingdom's ambitious aviation goals. . "The airport project is in line with Saudi Arabia's vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of Riyadh's population to 15–20 million people by 2030," SPA said. 

Activists file legal challenge over Finnish climate inaction

Environmental organisations in Finland on Monday filed a legal challenge accusing the government of breaking its own commitments to protect the climate, the first challenge of its kind in the country.. More than 600 activists in neighbouring Sweden, including Greta Thunberg, filed a lawsuit on Friday accusing the state of climate inaction, also a first in the country. ehu/jll/gil

Celebrated Greek cheesemakers brought low by inflation

On his bougainvillaea-covered farm on the Greek island of Naxos, Yannis Karganis milks his sheep, wondering anxiously how he will cope with soaring costs and keep his cheesemaking business afloat.. The cost of transporting goods from the Greek mainland is also becoming prohibitive -- it takes more than five hours by boat to get from the main Greek port of Piraeus to Naxos.

UK start-up behind algae-based packaging bids for Earthshot glory

A British start-up founded by two ex-students from France and Spain, crafting biodegradable packaging from marine plants, is aiming to seal royal approval this week when Prince William unveils his latest Earthshot prizes.. The co-creator of Notpla, which rather than using environmentally damaging plastics makes various naturally degrading -- and even edible -- packaging from seaweed and other marine plants, says they have already felt the competition's benefits.

China Covid lockdowns shut delivery workers out of their homes

Overworked, underpaid and thoroughly fed up, Wang's troubles deepened even further when authorities abruptly locked down the delivery driver's Beijing apartment block earlier this month.. "Lots of delivery guys don't have anywhere to live at the moment," he told AFP outside a deserted office block on a cold winter afternoon last week.