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Arms maker Saab posts record sales as Europe rearms
Arms maker Saab posts record sales as Europe rearms
by  AFP

Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.

Asia stocks rise in wake of Wall Street rally
Asia stocks rise in wake of Wall Street rally
by  AFP

Asian stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent company Alphabet, and the prospect of diffusing tensions in US President Donald Trump's trade war. Markets were responding to strong earnings from Google parent Alphabet, which reported on Thursday a profit of $34.5 billion in the recently ended quarter.

Intel chief vows to thin ranks at US chip maker
Intel chief vows to thin ranks at US chip maker
by  AFP

New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House tariffs and export restrictions muddy the market. Malaysia-born tech industry veteran Tan, who took over as Intel chief executive in March, has said it "won't be easy" to overcome challenges faced by the company.

Trump signs order to ramp up US deep-sea mining
Trump signs order to ramp up US deep-sea mining
by  AFP

President Donald Trump signed an executive order Thursday to expand US deep-sea mining for rare earth minerals in domestic and international waters, despite warnings by environmental groups.

Alphabet quarterly earnings lifted by cloud and AI
Alphabet quarterly earnings lifted by cloud and AI
by  AFP

Google parent Alphabet on Thursday reported profit of $34.5 billion in the recently ended quarter, powered by its cloud computing and artificial intelligence operations. Overall revenue at Alphabet grew 12 percent to $90.2 billion compared to the same period a year earlier, while revenue for the cloud unit grew 28 percent to $12.3 billion, according to the tech giant.

EU still far from tariff deal with US: French minister
EU still far from tariff deal with US: French minister
by  AFP

The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, as the bloc seeks a way out from trade tensions with Washington. But at an IMF event Thursday, German Finance Minister Joerg Kukies said he was hopeful both sides could reach a deal before the 90-day window closed.

Panama president says moving toward reopening contested mine
Panama president says moving toward reopening contested mine
by  AFP

Panamanian President Jose Raul Mulino said Thursday that his government was working toward the reopening of Central America's biggest copper mine, despite fierce opposition from environmentalists. The company said last month that it would suspend the action after starting talks with the government on reopening the mine.

Trump trade deals appear distant as tariff tensions simmer
Trump trade deals appear distant as tariff tensions simmer
by  AFP

US President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a French minister saying an agreement with the EU was "a long way" off and China insisting talks had not even started. Separately, France's economy minister Eric Lombard said Thursday in Washington that the EU and United States are far from reaching a deal on tariffs.