AFP
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US Fed's preferred inflation gauge rises, with more cost pressures expected
The US Federal Reserve's preferred inflation measure edged up in August as tariffs filtered through the economy, government data showed Friday, with analysts warning of further cost pressures after President Donald Trump unveiled a slew of upcoming duties.
Facebook, Instagram to offer paid ad-free UK subscriptions
Meta announced Friday that Facebook and Instagram users in the UK will be able to buy ad-free subscriptions, extending a model already in place in Europe, to comply with regulation. Meta first announced its ad-free option in the EU at the end of 2023 to comply with tougher regulation intended to rein in big tech.
The nations and firms threatened by Trump's pharma tariffs
Donald Trump has shocked the global drug industry by announcing 100-percent tariffs on all branded, imported pharmaceutical products -- unless companies are building manufacturing plants in the United States.
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.
AFP
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