BUSINESS

Chinese authorities announced new measures to boost consumption on Monday, as fresh economic data suggested that the country's post-Covid recovery is running out of steam and growth is slowing.

Economic growth in the eurozone rebounded in the second quarter, data showed Monday, but concerns remain over inflation that is slowing yet still stubbornly high, and over stagnation in the German economy.

P&G's price hikes may continue as the company faces cost pressures on several fronts.

Frustration as other foreign nationals were set free. The United Nations Working Group on Arbitrary Detention has classified his detention as arbitrary and confirmed the family's details on his abduction.

Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.

France's finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was "an illusion", as some Western countries question their reliance on the Asian giant.

Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and ridicule to government measures for reducing energy consumption.

Voters in the Central African Republic will decide in a referendum Sunday whether to back a new constitution that would allow President Faustin Archange Touadera to seek a third term in a country which has endured several coups.

A strike by Ryanair pilots in Belgium in an ongoing dispute over working conditions has cancelled 96 flights to and from Charleroi this weekend, the airport said, in the midst of the busy summer travel season.

Rescuers were on Friday finally able to board a cargo ship packed with electric vehicles that caught fire off the Dutch coast but authorities said the flames, though less intense, still pose a risk to nearby natural sites.

Against Shanghai's glittering river skyline, Kenzo-clad models strutted down a breezy open-air runway on Friday for the French fashion brand's first-ever show in China.

Wall Street reacted favorably to more good news on the U.S. economy's fight against inflation on Friday as the latest data showed more signs of cooling.

ExxonMobil and Chevron reported profits Friday that were much lower than last year's due a drop in commodity prices, but still lofty enough to enable increased shareholder distributions.

Air France-KLM announced Friday it doubled its net profit in the second quarter, benefiting from high demand in air travel despite rising inflation which has increased costs.

Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a drag on the eurozone economy.

British bank NatWest on Friday said it had launched an independent review into its handling of arch-Brexiteer Nigel Farage, whose account it controversially shut, costing the jobs of top executives.

Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired.

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.

Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa's only profitable carrier still faces "real challenges" in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June 30 "was a very successful year," Mesfin Tasew said in an interview in Ethiopia's capital Addis Ababa.

Around 5,000 Citroen 2CVs from across the globe are tootling into the Swiss countryside this week for a mass gathering celebrating the instantly recognisable French classic car.

Chip giant TSMC said it is determined to "keep its roots in Taiwan", as it launched a massive new research and development facility in the northern city of Hsinchu on Friday.

The Bank of Japan on Friday eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates and the yen comes under pressure against other major currencies.

Romina Nunez scored the equaliser as Argentina roared back from two goals down to draw 2-2 and deny South Africa a landmark first Women's World Cup win on Friday.

This year's Emmy Awards will be postponed due to the ongoing Hollywood strikes, US media reported Thursday.

Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).

The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communications app with its popular Office suite, on concerns the firm could be cutting out competitors.

Do social media echo chambers deepen political polarization, or simply reflect existing social divisions?

The US Federal Reserve's united front against inflation could be harder to hold together going into the next hike in September, with strong economic data and falling inflation figures fueling disagreement over the best path forward.

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