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Russian central bank holds key rate at two-decade high
Prices have been rising quickly across the Russian economy for months, pushed up by massive government spending on the Ukraine conflict and deep labour shortages. That spending has bloated the Russian economy, partially offsetting the impact of Western sanctions.
Massive disruption after power outage shuts London's Heathrow airport
Britain's Heathrow airport -- Europe's busiest -- shut down early on Friday after a major fire at an electricity substation cut power to the sprawling hub, causing disruption worldwide to hundreds of flights and thousands of travellers. The UK's second busiest airport, Gatwick, said it would accept some flights from Heathrow.
London's Heathrow airport closed after fire causes major power cut
Britain's Heathrow airport, Europe's busiest, was shut down early Friday after a major fire at an electrical substation supplying power to the sprawling facility west of London, officials said. London Fire Brigade said there had been a "significant" fire at a substation in Hayes, a nearby town in the London borough of Hillingdon.
Trump's call for AI deregulation gets strong backing from Big Tech
Major tech firms are pushing the administration of President Donald Trump to loosen rules on building artificial intelligence, arguing it is the only way to maintain a US edge and compete with China.
Asian markets skid into weekend as trade fears cast a pall
Asian markets limped into the weekend on Friday following a tepid lead from Wall Street as the optimism stoked by a dovish US Federal Reserve meeting gave way to long-running fears about President Donald Trump's tariff agenda.
Japan's core inflation rate slows to 3% in Feburary
Japan's core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.
Chinese electric car maker BYD aims for Europe boost
Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to rival continental brands. The European Union has imposed a 17-percent tariff on Chinese electric vehicles to make up for Chinese state subsidies.
Italy says Baku Steel submits 'best offer' for ex-Ilva plant
A year after ousting ArcelorMittal, Italy is preparing to hand over control of its giant ex-Ilva steelworks to Azerbaijan's Baku Steel, the industry minister said Thursday. Baku Steel currently operates a steel plant in Baku, the capital of Azerbaijan, with a production capacity of 800,000 tonnes per year.
Explosive Meta memoir tops US best-seller list
A scathing book about Facebook parent company Meta, whose author has been barred from promoting her work, entered at the top of the New York Times bestseller list after its first week of release in the United States. An arbitration court granted Meta's request to bar Wynn-Williams from promoting the book or making derogatory statements about the company.
AFP
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