Economy
Europe's auto suppliers reach the end of the road
Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. "Brakes or heat pumps, it's all the same to me," said Karaca, whose two parents both worked for Continental at the factory.
Indonesia first-quarter growth boosted by election, holiday spending
Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday. Government estimates had projected growth of 5.17 percent but experts warned Jakarta's official data might not be reliable to judge economic performance.
Asian markets build on rally as US jobs data boost rate cut hopes
Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
Hollywood star Ferrell invests in Championship club Leeds: reports
Hollywood star Will Ferrell has become the latest celebrity to invest in Championship club Leeds, according to reports on Sunday. Welsh club Wrexham, recently promoted to the third tier, are owned by fellow actors Ryan Reynolds and Rob McElhenney, who started a recent trend of celebrities investing in British teams.
Currency speculators win as naira trades flat for first time in two months
The Nigerian currency, the naira experienced a marginal gain on Friday, May 3, 2024, in the official forex market, where it traded at N1,400 per dollar.
France probes TotalEnergies over 2021 Mozambique attack
French prosecutors said Saturday they were investigating oil giant TotalEnergies for possible involuntary manslaughter in connection with a 2021 jihadist attack in Mozambique that killed hundreds. The French investigation also seeks to establish whether TotalEnergies is guilty of non-assistance to people in danger, prosecutors said.
Airbnb promises to combat sex work in rentals during Paris Games
Airbnb on Friday agreed with French authorities to step up the fight against rentals on its platform being used for sex work during the Paris Olympics this summer and beyond. The home rental platform signed a convention with MIPROF, a government organisation tasked with protecting women from violence, and fighting human trafficking, the French body said.
Israel trade freeze aimed at forcing Gaza truce: Erdogan
President Recep Tayyip Erdogan on Friday said Turkey's move to halt trade with Israel was designed to force the country to a ceasefire in Gaza. But Turkey's trade action against Israel came after criticism inside the country against Erdogan's government for having failed to act sooner.
Record gold prices take shine off London jewellers
Surrounded by glass-fronted display cabinets filled with shimmering gold bracelets and necklaces at London's Pakeeza Jewellers store, manager Zahid Khan laments the impact of record-high prices of the precious metal. This high concentration leaves jewellers exposed to daily fluctuations in the market of the precious commodity, which accounts for 75 percent of the retail price.
Economy
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