Economy
Asian markets mostly down as China sets 5% growth goal
Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators. In China on Tuesday, leaders set a 2024 growth target of five percent, in line with last year's GDP gains but well off the double-digit expansion that for years drove the world's second-largest economy.
China's leaders set five percent growth goal for 2024
China on Tuesday set a growth target of five percent, in line with last year's GDP but a far cry from the double-digit expansion that for years drove the world's second-largest economy. The parliament will also set the military budget, which a work report seen by AFP said would increase by 7.2 percent.
The 10 contenders for the best picture Oscar
From dramas about the atomic bomb and Auschwitz, to comedies about dolls and sex-mad reanimated corpses, the lineup of best picture contenders at Sunday's Oscars is the most varied in years. Christopher Nolan's drama about the father of the atomic bomb drew critical acclaim, grossed nearly $1 billion, and has won just about every top prize Hollywood has to offer.
Argentina govt suspends state news agency Telam
Argentina's government on Monday suspended the Telam state news agency in the wake of an announcement by President Javier Milei that he would shut down what he called a mouthpiece of "propaganda" for previous leftist administrations.
American Airlines orders 260 jets from Airbus, Boeing, Embraer
American Airlines unveiled a large order on Monday of narrow-body planes from European giant Airbus, Brazil's Embraer and Boeing, including a model from the US giant that has yet to be certified.
China's leaders to set growth goals as economic woes mount
China is set to unveil some of its lowest growth targets in decades when top Communist Party officials begin an annual meeting Tuesday, as the world's second largest economy faces dire headwinds. But 12 months on and all focus will be on the dire state of China's economy, which last year posted some of its lowest growth in decades.
“It will affect businesses”: Expert speaks as CBN increases interest rate to 22.75 percent
Muda Yusuf, who is also the CEO of the Centre for the Promotion of Private Enterprise (CPPE), has reacted to the CBN Monetary Policy Committee decision.
Germany braces for fresh rail, air travel strikes
Germany braced for more travel misery after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, amid escalating rows over inflation-busting pay rises. The GDL train drivers union added to the tensions on Monday by announcing a strike wave after negotiations with Deutsche Bahn over higher pay and a shorter work week broke down.
JetBlue, Spirit Airlines cancel merger after blocked by US court
JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. "We will continue to vigorously enforce the nation’s antitrust laws," he added.
Economy
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