AFP
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US job gains miss expectations in August as labor market cools
US hiring bounced back in August but missed expectations while the jobless rate crept down, government data showed Friday, paving the way towards central bank rate cuts in the coming weeks. The August number came in below economists' expectations of 165,000, according to a Briefing.com consensus forecast.
Malaysia Airlines finds 'potential issue' on A350-900 engine
Malaysia Airlines said on Friday it had found a "potential issue" with the engine of an Airbus A350-900 aircraft in its fleet but added that it had been resolved. Malaysia Airlines' fleet of A350-900 planes "recently underwent a precautionary inspection, during which a potential issue with high-pressure fuel hoses on one aircraft was identified," the carrier said in a statement.
Dutch match US export curbs on semiconductor machines
The Dutch government announced Friday broader restrictions on exports of semiconductor-making machines produced by sector heavyweight ASML, aligning itself with US curbs on technology at the centre of trade tensions with China.
Google 'anti-competitive' over online ad tech: UK
US tech titan Google employs "anti-competitive practices" with regards to online advertising, Britain's competition watchdog concluded Friday in provisional findings of a two-year long investigation.
US climate envoy says discussed plans for summit on methane at Beijing talks
United States climate envoy John Podesta said on Friday that plans were moving forward for a summit with China on reducing emissions of methane and other highly polluting non-CO2 gases. The United States has expressed intentions to hold a summit with China on these types of gases at the upcoming United Nations COP29 climate summit hosted by Azerbaijan in November.
Eurozone second-quarter economic growth revised down
The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data. Eurostat also revised its figure for the 27-country European Union's economy, which expanded by 0.2 percent, slightly lower than the previous estimate of 0.3 percent.
App helps Mexican tortilla makers join digital economy
Long marginalized by the banking industry, Mexico's neighborhood tortilla producers are cautiously embracing financial technology, in a country where cash is still king for many. The change reflects a wider embrace of financial technology in Latin America's second-largest economy.
China pushes smaller, smarter loans to Africa to shield from risks
China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. The BRI made headlines for backing big-ticket projects in Africa with opaque funding and questionable impacts.
Asian markets swing as traders prepare for US jobs data
Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy. Wall Street ended the day on a tepid note, and Asian investors were equally cautious.
AFP
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