Economy
Shipping giant CMA-CGM joins Maersk in Red Sea return
French shipping giant CMA-CGM has resumed some transit through the Red Sea, days after Danish group Maersk announced it would return as a US-led naval coalition is now policing the maritime route against Yemeni rebel attacks. Maersk announced on Sunday it was preparing to resume transit through the Red Sea, with the first voyages to take place "as soon as operationally possible".
UK retains metric system for selling after overwhelming support
The UK government said on Wednesday it had dropped its plan to start selling in imperial measures after a consultation revealed 99 percent support for keeping the metric system. But they decided against the move after 98.7 percent of the 100,938 respondents to an official consultation said they were happy using metric units when buying or selling a product.
Russia says redirected most oil exports to China, India
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost two years after Moscow was hit by Western sanctions over the Ukraine conflict.
More than a bubble: Turkish sparkling wines win fans
Drinkers are getting into something of a fizz over Turkish sparkling wine. "We received a very cautious welcome at the start," Misir told AFP. "People were saying, 'What do you mean, a Turkish sparkling wine?'"
Asian stocks track US gains in 'Santa Claus rally'
Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March. "The bets for a March Fed cut continue to grow, helping to propel stocks higher," said Navellier.
Apple to appeal US Watch ban
Apple said on Tuesday it will appeal a US import ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements. The ban on Apple's latest smartwatch models came into effect Tuesday, with the Apple Watch Series 9 and Apple Watch Ultra 2 no longer available in stores or online.
US holiday sales growth estimated at 3.1%: Mastercard
Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy. The growth in this year's holiday sales is below 2022 holiday season sales increase of 5.3 percent and much below the 2021 figure of 14.1 percent, according to NRF data.
Apple Watch import ban goes into effect in US patent clash
A US import ban on certain Apple smartwatch models came into effect Tuesday, after the Biden administration opted not to veto a ruling on patent infringements. The United States International Trade Commission (ITC) decided in October to ban Apple Watch models over a patented technology for detecting blood-oxygen levels.
Homelessness soars in rural England as living costs hit poor
Homelessness in rural England has risen by 40 percent in five years with many sleeping in the open air, tents or makeshift shelters, a British rural charity said on Tuesday.
Economy
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