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Boeing strike will hurt Ethiopian Airlines growth: CEO
Africa's biggest carrier, Ethiopian Airlines, is feeling the effects of a bitter seven-week strike at plane maker Boeing, its chief executive told AFP on Friday, warning that consequences could stretch into the longterm.
US retail sales lose steam in October after hurricanes
Retail sales in the United States slowed in October, according to government data released Friday, with analysts noting that devastating hurricanes in recent months likely disrupted consumption.
Spate of child poisoning deaths sparks S.Africa xenophobia
The deaths of 23 children in Johannesburg this year from suspected food poisoning has ignited anger in South Africa against foreign nationals who run small corner shops known as spazas.
With Trump comeback, will EU go easier on ally Musk?
Donald Trump's White House comeback gives his ally Elon Musk a sizeable advantage in a running standoff with EU tech regulators -- who may now think twice before fining his X platform over disinformation concerns.
Global stocks struggle after Fed signals slower rate cuts
Global stock markets mostly struggled Friday after US Federal Reserve boss Jerome Powell indicated a slower pace of interest-rate cuts.
China tests building Moon base with lunar soil bricks
China is expected to push forward in its quest to build the first lunar base on Friday, launching an in-space experiment to test whether the station's bricks could be made from the Moon's own soil.
'Megaquake' warning hits Japan's growth
Japan's growth slowed in the third quarter after warnings of a major earthquake hit activity, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world's fourth-largest economy.
TikTok makes AI driven ad tool available globally
TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for generating marketing clips, becoming the latest platform to let advertisers tap into the technology.
Japan growth slows as new PM readies stimulus
Japan's growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world's fourth-largest economy.
China retail sales pick up speed, beat forecasts in October
China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption.
Mexico City youth grapple with growing housing crisis
Political science student Saul Lara awakes around 4:00 am to begin his long journey -- over two hours by motorcycle taxi and crowded metro -- from the outskirts of Mexico City to school.
Cracks deepen in Canada's pro-immigration 'consensus'
From the ground floor of a low-income apartment building in Toronto, Sultana Jahangir runs an organization that helps South Asian woman get established in Canada -- a challenge she said is getting harder.
Venezuela opposition activist dies in custody
A Venezuelan opposition activist who was arrested during a post-election crackdown died Thursday in custody, his party said.
Policymakers defend Fed independence amid concerns about Trump era
Two senior Federal Reserve officials praised the US central bank's independence on Thursday, amid concerns that President-elect Donald Trump may seek to influence Fed policy.
Lebanon economic losses top $5 billion in year of clashes: World Bank
More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion in economic losses, with actual structural damage amounting to billions more, the World Bank said on Thursday.
Fed Chair calls US the best-performing major economy in the world
The recent performance of the US economy has been "the best of any major economy in the world," Federal Reserve Chair Jerome Powell said Thursday, a week after the bank cut interest rates for a second consecutive meeting.
Brother of late Harrods owner also accused of sexual violence: BBC
Three women formerly employed by Harrods have accused the brother of its late boss Mohamed Al-Fayed of sexual violence, following hundreds of similar claims against the former owner of the luxury London store, the BBC reported Thursday.
New York to revive driver congestion charge plan, drawing Trump ire
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump.
China's Xi arrives in Peru for APEC summit, Biden meeting
Chinese President Xi Jinping arrived in Peru Thursday for an Asia-Pacific summit where he will meet US counterpart Joe Biden under the shadow of a looming trade war with the incoming Donald Trump administration.
Spain's Vanguardia daily to stop posting on 'disinformation network' X
Spain's La Vanguardia on Thursday became the latest newspaper to say it would cease publishing its reports on Elon Musk's social media platform X, saying it would rather lose subscribers than stay on a "disinformation network".
New York to revive driver congestion charge plan
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump.
US stocks wobble as traders weigh future Fed cuts
US stocks wobbled on Thursday as investors waited for more clues about future interest rate cuts and worries over Donald Trump's presidency clouded optimism.
BHP, Vale cleared by Brazil court over 2015 dam disaster
A Brazilian court on Thursday cleared mining giants BHP and Vale, and their Brazilian joint venture Samarco, of responsibility over a 2015 dam collapse that caused the country's worst ever environmental disaster.
Legal migration to OECD reaches new record in 2023
Migration to richer countries reached a record level for the second year running in 2023, the OECD said on Thursday, reflecting demand for foreign labour and gaps in the workforce left by ageing populations.
Central bank independence 'fundamental' for good policy: Fed official
An independent central bank is "fundamental" to good economic outcomes, a senior Federal Reserve official said Thursday, amid concerns that president-elect Donald Trump may seek to influence Fed policy.
EU fines Meta $840 million for 'abusive' Facebook ad practices
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.
Iran tells UN nuclear chief willing to resolve 'ambiguities'
Iranian President Masoud Pezeshkian told the visiting head of the UN nuclear watchdog on Thursday that his government was willing to resolve doubts about its atomic programme, ahead of US President-elect Donald Trump's arrival in office.
Coach owner Tapestry calls off Capri bid on regulatory blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators.
EU fines Meta 798 mn euros for Facebook ad antitrust breach
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.
'Terrible' AI has given tech an existential headache: activist
Technology firms are ceaselessly promoting new AI products, but climate activist Sage Lenier says AI is useless, unsustainable and has given the industry an existential problem.
Stock markets diverge as traders weigh future Fed cuts
Stock markets diverged on Thursday as investors digested US inflation data that supported the case for another interest rate cut next month, while worries over Donald Trump's presidency clouded optimism.
Burberry launches turnaround plan as posts loss
Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand.