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Trump offers data to justify firing of labor stats chief
US President Donald Trump on Thursday alleged that jobs data had been "purposely" altered by the government's commissioner of labor statistics to bolster his predecessor Joe Biden, presenting different figures in the wake of her firing. The revision infuriated Trump, who sacked commissioner of labor statistics Erika McEntarfer, who was confirmed in that role in January 2024.
OpenAI releases ChatGPT-5 as AI race accelerates
OpenAI on Thursday released a keenly awaited new generation of its hallmark ChatGPT, touting "significant" advancements in artificial intelligence capabilities, as a global race over the technology accelerates. "It is a significant step toward models that are really capable," he said.
Germany factory output falls to lowest since pandemic in 2020
German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.
Plastic pollution treaty talks stuck in 'dialogue of the deaf'
Plastic pollution treaty talks stuck in 'dialogue of the deaf'
Siemens warns US tariffs causing investment caution
Siemens warned on Thursday that US tariffs were prompting its customers in key sectors to slow investment decisions, even as the German industrial giant reported forecast-beating quarterly profits. CEO Roland Busch added that, in several key industries, "sales cycles have been extended and investment decisions are taking longer".
Influx of Afghan returnees fuels Kabul housing crisis
Weeks after he was forced to return from Iran, Mohammad Mohsen Zaryab was still searching for somewhere to live in Kabul, where rental prices have soared along with an influx of Afghans expelled from neighbouring countries. Multiple Kabul property dealers told AFP that rental prices had skyrocketed with the influx of returnees.
India exporters say 50% Trump levy a 'severe setback'
Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses "not viable" after President Donald Trump ordered steeper levies totalling 50 percent on imported Indian goods.
Germany factory output lowest since pandemic in 2020
German industrial production slumped to its lowest level in June since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before higher US tariffs kicked in. Data released Thursday also showed that German exports in June to the United States -- the country's biggest trading partner -- fell 2.1 percent, after having registered a steep decline in May.
Swiss reel from 'horror scenario' after US tariff blow
Switzerland scrambled for answers Thursday after a last-gasp government mission to Washington failed to stop a 39-percent tariff blow from President Donald Trump, sparking job fears in what businesses called a "horror scenario". "The horror scenario materializes," Swissmem, the association of the mechanical and electrical engineering industry, said in a statement.
AFP
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