Economy
New UK government faces tough economic challenge
Britain's new Labour government on Friday pledged immediate action to grow the economy after the centre-left party won a landslide general election victory. Heading into the election, Labour won support of company bosses and key UK publications -- including the Financial Times -- who believe the party can successfully manage the economy.
Rachel Reeves: Britain's first woman finance chief
Rachel Reeves, Britain's first woman finance minister, is a former child chess champion and Bank of England economist who has pledged to grow the nation's economy while showing strong fiscal discipline. After graduating, she worked as an economist for a decade, first at the Bank of England before switching to the private sector.
WHO agency says talc is 'probably' cancer-causing
The World Health Organization's cancer agency on Friday classified talc as "probably carcinogenic" for humans, however an outside expert warned against misinterpreting the announcement as a "smoking gun". Also on Friday, the IARC classified acrylonitrile, a chemical compound used to make polymers, as "carcinogenic to humans", its highest warning level.
Fuel shortages a bitter pill for Cuba's sugar cane producers
Cuba's sugar cane industry, once the world leader, first lost the United States as its main client 60 years ago, then the Soviet Union three decades later. - Plummeting production - Agricultural cooperatives were set up by the communist state 30 years ago in a bid to revitalize the industry after the fall of the Soviet Union, which was Cuba's main ally, investor and client.
“Give us few Months”: Dangote sends message to Nigerians after appointment by Tinubu
Chairman of Dangote Industries Limited, Aliko Dangote has said Nigeria's economic challenges can be surmounted in a few months with the right policies.
US hiring cools in June, unemployment up slightly: govt
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in the latest sign that the world's biggest economy is cooling as policymakers hope. Congressman Brendan Boyle, top Democrat on the House Budget Committee, stressed on Friday in a statement that the jobs report "shows an American economy that is still roaring."
Deadline nears for Boeing decision on proposed MAX agreement
More than five years after two fatal 737 MAX crashes, Boeing faces a fresh legal reckoning now that prosecutors have concluded the company flouted an earlier settlement addressing the disasters. The DOJ has said it will notify a US court on how it will proceed no later than July 7, with the agency expected to announce steps to prosecute Boeing should the company reject the settlement.
Flights suspended in Sicily's Catania as volcano erupts
Catania airport on the Italian island of Sicily was closed on Friday after Mount Etna, the largest active volcano in Europe, erupted and spewed ash into the sky, disrupting air travel. Italian authorities also issued a red warning for another volcano north of Sicily, Stromboli -- on the island of the same name -- whose eruption created ash clouds.
Asian markets down as traders await US jobs report
Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Investor sentiment was also lifted Thursday as softer US labour market data gave the Federal Reserve room to cut interest rates, with another key jobs report due Friday.
Economy
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