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Kenyan jeans factory to fire workers as US deal expires
A Kenyan factory making jeans for US stores will start firing hundreds of workers this week as American lawmakers failed to renew Africa's duty-free access in time, its boss said Friday.
UN identifies 158 firms linked to Israeli settlements
The United Nations on Friday released a long-awaited update of its database of companies with activities in Israeli settlements in Palestinian territories, listing 158 firms from 11 countries. It came in response to a UN Human Rights Council resolution four years earlier demanding a database of firms that profited from business in illegally occupied Palestinian territory.
Turkish Airlines inks big Boeing deal after Erdogan visits US
Turkish Airlines announced on Friday a deal to buy up to 225 Boeing jets, one day after President Recep Tayyip Erdogan made his first White House visit since 2019. The Boeing deal follows Turkish Airlines' December 2023 announcement of a 355-plane order from European rival Airbus.
The world's last linen beetling mill eyes strong future
The noise is deafening and the work can be lonely, but to William Smyth, who toils in the world's last commercial linen "beetling" mill, his job is unique. The handsome riverside stone building houses three working engines and is the last commercially-run beetling mill in the world, says Andrew Wilson, a businessman who invested in the mill earlier this year.
Poland cools on Ukrainians despite their economic success
Warsaw's central business district is booming alongside Poland's economy, but those teaching yoga and taking coffee orders in bustling premises under glass and steel office towers are often Ukrainian. We are currently selling one of our premises and every day if I take seven calls from people who are interested, six are Ukrainians."
In India's Mumbai, the largest slum in Asia is for sale
Stencilled just above the stairs, the red mark in Mumbai's Dharavi slum is tantamount to an eviction notice for residents like Bipinkumar Padaya. She believes that "at best" three-quarters of Dharavi residents will be forced to leave.
Asian markets drop as US data, new tariff threats dent sentiment
Markets retreated Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world's biggest economy faring much better than expected and fresh tariff warnings from President Donald Trump.
Sought by luxury labels, Nigerian leather reclaims home market
Most Nigerian leather, often semi-finished, is exported to Europe and Asia and turned into luxury items bearing international brand labels, with zero trace of its origins. - Kano, cradle of tanneries - In Kano, a state in northern Nigeria, major international luxury brands source leather through intermediaries, who link them with tanners.
Heavy hand: Free-market US tested as Trump takes stakes in private companies
The Trump administration is in talks to take an equity stake in Lithium Americas, which would insert the government into another private enterprise in the latest challenge to American free-market traditions.
AFP
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