Business

Port blocked by Baltimore bridge collapse is key hub for US shipping

BALTIMORE, March 26, 2024 (AFP) – Baltimore’s Francis Scott Key Bridge, named after the poet who penned the lyrics to the US national anthem, used to carry an average of around 31,000 passengers a day across one of the busiest harbors in the United States. Its nighttime collapse, within seconds of being struck by a container ship, is likely to cause substantial economic damage for as long as it continues to force the closure of […]

Japan drugmaker reports death after health supplement recall

TOKYO, March 26, 2024 (AFP) – A Japanese drugmaker said Tuesday it is investigating one death from kidney dysfunction potentially linked to health supplements recalled last week by the firm. It comes a day after the company said it was aware of 26 cases of people being hospitalised in relation to the prescription-free tablets. Kobayashi Pharmaceutical, which sells over-the-counter drugs and dietary supplements, has received an additional 50 unconfirmed reports of hospitalisations as of Tuesday […]

McDonald’s stores shut in Sri Lanka over poor hygiene case

COLOMBO, March 24, 2024 (AFP) – McDonald’s stores across Sri Lanka shut Sunday after the US fast-food giant launched a legal battle with its local franchise holder over allegations of poor hygiene, court officials said. The Commercial High Court of Colombo ordered the closures until April 4, after the parent company accused the local franchise holder of failing to meet international hygiene standards. “The closure was ordered pending an investigation,” a court official said. He […]

‘Dragon Ball’ theme park planned in Saudi Arabia

TOKYO, March 22, 2024 (AFP) – A theme park based on Japan’s “Dragon Ball” manga franchise will be built in Saudi Arabia’s new high-end tourist attraction of Qiddiya just outside Riyadh, authorities said Friday. The announcement comes two weeks after fans of the massively popular and influential series were shocked by news of the death of its creator Akira Toriyama, aged 68. The 500,000-square-metre (125-acre) park will allow fans to “live the adventures at the […]

US lawmakers race to avert weekend government shutdown

By Frankie TAGGART WASHINGTON, March 21, 2024 (AFP) – US lawmakers released a $1.2 trillion package in the early hours of Thursday to complete the 2024 federal budget — teeing off a sprint to sign it into law before a government shutdown looming at the weekend. The six-bill, 1,012-page package represents the largest and most contentious section of federal funding, with cash running out at midnight on Friday night for three-quarters of the government, including […]

Vietnam confirms recall of nearly 6,000 VinFast electric cars

HANOI, March 22, 2024 (AFP) – Vietnam’s leading electric car manufacturer VinFast has recalled almost 6,000 vehicles after a fault in their indicator system was discovered, the government has confirmed, in a fresh blow to the firm. The communist state’s first homegrown auto maker is hoping to compete with electric vehicle (EV) giants such as Tesla, and is trying to crack the global market. But VinFast has struggled to convince international drivers its EVs are […]

Clothing giant Shein in focus as France targets fast fashion

By Jing Xuan Teng, with Peter Catterall in Beijing SHANGHAI, March 22, 2024 (AFP) – With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm — and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion. Customers love the Chinese-founded firm’s massive catalogue of ultra-cheap items, from $8 sundresses to 48-cent bracelets, at a time when inflation has […]

US sues Apple: DOJ alleges illegal monopoly practices with iPhone

By Alex PIGMAN WASHINGTON, March 22, 2024 (AFP) – The US Department of Justice sued Apple on Thursday, accusing the tech giant of illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers. The lawsuit, also brought by multiple US states, said Apple raked in hundreds of billions of dollars by allegedly making it difficult for consumers to switch to cheaper smartphones and devices. The long anticipated case against […]

EU chief proposes raising tariffs on Russian grain

BRUSSELS, Belgium, March 22, 2024 (AFP) – EU chief Ursula von der Leyen said Thursday Brussels was proposing raising tariffs on Russian and Belarusian grain to protect Europe’s farmers and punish Moscow over its war on Ukraine. The announcement came hours after Ukrainian President Volodymyr Zelensky complained to EU leaders that it was not fair Russian grain continued to have “unrestricted” access to their markets, while Ukrainian imports were being limited. “It will prevent Russian […]

Spring’s splendor: Celebrating 75 years of blooms at Keukenhof

LISSE, Netherlands, March 22, 2024 (AFP) – The world’s biggest tulip garden opened to the public on Thursday for its 75th edition, with hundreds of thousands of people expected to enjoy a bewildering array of seven million bulbs in the western Dutch city of Lisse. Keukenhof park, southwest of Amsterdam in the heart of “bulb country”, contains millions of tulips of every colour as well as other flowers across 32 hectares (80 acres). The park […]

EU and Philippines relaunch free trade talks

  BRUSSELS, Belgium, March 18, 2024 (AFP) – The European Union and the Philippines announced the resumption of negotiations for a free trade agreement on Monday, with Brussels saying the first round of talks should begin “later this year”. “The conditions are right to take our trade relations to the next level,” EU trade commissioner Valdis Dombrovskis said at a press conference in Brussels. Talks began in 2015 under then-Philippine president Benigno Aquino but stalled […]

India recaptures ship MV Ruen from Somali pirates, rescues crew

NEW DELHI, March 16, 2024 (AFP) – India’s navy recaptured a ship from Somali pirates off the Indian coast Saturday, the military said, rescuing the crew and ending a three-month takeover of the Maltese-flagged bulk carrier MV Ruen. The December hijacking of the ship was the first time since 2017 that any cargo vessel had been successfully boarded by Somali pirates. “#IndianNavy thwarts designs of Somali pirates to hijack ships plying through the region by […]