Economy

Most viewed

US Moon lander 'permanently' asleep after historic landing: company
US Moon lander 'permanently' asleep after historic landing: company

An uncrewed American lander that became the first private spaceship on the Moon has met its ultimate end after failing to "wake up," the company that built it said. It was also the first lunar touchdown by an American spaceship since the manned Apollo 17 mission in 1972.

by  AFP

Economy Latest News

Frustration in the air: Boeing delays hang over aviation meet
Frustration in the air: Boeing delays hang over aviation meet
by  AFP

Back-slapping over record passenger figures is tinged with frustration at the airline trade body's annual meeting as carriers lament years-long delays to deliveries of new Boeing aircraft. Headline projections of nearly five billion passengers and close to $1 trillion in revenues this year, both records, were reasons for celebration at the IATA annual general meeting in Dubai.

Behind bars: Belfast jail reborn as whiskey distillery
Behind bars: Belfast jail reborn as whiskey distillery
by  AFP

Once home to paramilitary prisoners during Northern Ireland's "Troubles", a notorious Belfast jail is now home to a whiskey still that is drawing tourists to a formerly strife-torn area. The jail -- colloquially known as the "Crum" -- opened its doors as a tourist attraction in 2012 and the firm hopes the distillery will draw even more visitors.

Asian markets in reverse as US data spark economy worries
Asian markets in reverse as US data spark economy worries
by  AFP

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year. While traders have of late taken soft economic data as a positive sign, owing to the fact it gives the Fed room to cut rates, the latest news stoked concerns about the outlook for the economy.

Nigeria union strike shuts power grid, schools, disrupts flights
Nigeria union strike shuts power grid, schools, disrupts flights
by  AFP

Nigerian labour unions shut down the national power grid and disrupted flights Monday as they began an indefinite strike that closed schools and public offices after failing to strike a new minimum wage deal with the government. In the northern city of Kano, government offices and public schools were closed.

Canadian investment group buys French club Saint-Etienne
Canadian investment group buys French club Saint-Etienne
by  AFP

Canadian investment group Kilmer Sports Ventures (KSV) have acquired former French footballing giants Saint-Etienne on Monday a day after the club returned to Ligue 1. KSV is part of Kilmer Group, a Toronto-based firm specialising in private equity, real estate, sports and media.

Microsoft to invest $3.2 bn in AI in Sweden
Microsoft to invest $3.2 bn in AI in Sweden
by  AFP

Microsoft said Monday that it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure in Sweden, its biggest investment in the country.

Turkish inflation exceeds 75% but peak in sight
Turkish inflation exceeds 75% but peak in sight
by  AFP

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan. Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.

Page was generated in 0.08318305015564