Argentina’s economy expanded 11.9 percent on a year-on-year basis in the third quarter of 2021, the country’s statistics agency said on Thursday, in line with expectations of a sharp rebound from the 10.2 percent contraction in the same period last year. The South American grains-producing […]
Day: December 16, 2021
US military spending grows as policy shifts to ‘prioritise China’
Washington, DC – Months after US President Joe Biden’s administration pulled the last American troops out of Afghanistan as part of his promise to end the country’s “forever wars“, the United States Congress approved a $777.7bn defence budget, a five percent increase from last year. […]
Nasdaq ends sharply lower as investors move away from Big Tech
The Nasdaq ended sharply lower on Thursday as the United States Federal Reserve’s announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and towards more economically sensitive sectors. Nvidia, Apple, Microsoft, Amazon and Tesla tumbled between 2.6 percent and […]
McDonald’s CEO sacked in 2019 for misconduct returns $105M
Former McDonald’s CEO Steve Easterbrook has paid back more than $105m in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive. “During my tenure as CEO, I […]
Elizabeth Holmes chose fraud over Theranos, prosecutors say
Elizabeth Holmes faces overwhelming evidence that she chose dishonesty and fraud to build up her blood-testing company Theranos Inc., a prosecutor told jurors at the close of her criminal trial. Assistant U.S. Attorney Jeff Schenk argued Thursday that Holmes “had a choice to make” when […]
Rights groups report wave of abuses against Tigrayans in Ethiopia
Armed forces from Ethiopia’s Amhara region have stepped up killings, mass detentions and expulsions of ethnic Tigrayans in neighbouring western Tigray, according to Amnesty International and Human Rights Watch (HRW). Western Tigray has seen some of the worst violence in the yearlong conflict pitting the […]
Is there a new Cold War for global leadership?
The United States, Europe and their allies in the West often portray Russia and China as threats to global peace. They cite examples including Russia’s troop build-up along the Ukraine border and China’s crackdown on human rights in Hong Kong and Xinjiang. Moscow and Beijing […]
UNESCO adds Haiti’s freedom soup to cultural heritage list
The United Nation’s cultural agency (UNESCO) has added Joumou Soup – Haiti’s national symbol of freedom from slavery – to its intangible heritage list, saying the soup is “so much more than just a dish”. UNESCO’s Intangible Cultural Heritage Committee voted on Thursday to put Joumou […]
At least five dead as US Midwest gets more ‘abnormal’ weather
At least five people have died as a powerful storm system swept across parts of the central United States amid unseasonably warm temperatures, spawning hurricane-force winds and possible tornadoes. In southeastern Minnesota, a local sheriff said a 65-year-old man was killed on Wednesday night when […]
US and Canadian missionaries kidnapped in Haiti released
A group of Canadian and US missionaries kidnapped in October by a gang in Haiti has been released, local police said on Thursday, after weeks of negotiations. “We confirm the release of the 12 people who remained”, Haitian police spokesman Gary Desrosiers told the AFP […]