Economy
P&G profits dip, says China recovery will take time
Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away. Beauty sales were dented by volume declines in Greater China, where the super-premium SK-II skin care brand has been weak for a number of quarters.
US regulator probes Tesla's self-driving mode after crashes
The US auto safety regulator said Friday that it has opened an investigation into Tesla's Full Self-Driving (FSD) software after receiving four reports of crashes, one of which involved a pedestrian being struck and killed. "One of the crashes involved a pedestrian being struck and killed; one crash involved a reported injury," it said.
Stellantis workers march in Italy over production slump
Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker of Fiat and Jeep in Italy. Production stoppages and temporary lay-offs have created tensions between the company and Rome.
Meta unveils AI tie-up with horror movie producers
Tech giant Meta has unveiled a partnership with horror film production company Blumhouse to road-test its latest AI video tool. But Blumhouse founder Jason Blum said he welcomed the chance to test the program while it was still being developed.
Naira sinks lower in official market, nears N2,000/$ in black market
The naira depreciated again in the official foreign exchange market, and the parallel window on Thursday, October 17, 2024, closed at N1,660.49 per dollar and N1,700
With record production, Moldova plum farmers hail EU integration
In a warehouse north of Moldova's capital, farmer Stefan Bitlan inspects boxes of plums soon heading to Germany as he has turned to exporting to the EU rather than Russia.
Nigerians sacrifice cars as cost of living crisis worsens
Nigeria's economic crisis and soaring petrol prices forced Bolaji Emmanuel to give up his driver and his Honda Pilot utility vehicle, as he struggles with spiking living costs. Car dealers in Lagos and Abuja told AFP that they had seen more and more people trading their fuel-guzzling cars and sports utility vehicles (SUVs) for more efficient vehicles to cut costs.
Asian markets swing as China economic growth slows
Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street. Gold rose past $2,700 to a new record and crude prices edged up on geopolitical uncertainties after Israel said it killed Hamas chief Yahya Sinwar.
World Bank president focused on job creation ahead of annual meetings
The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview. The World Bank also plans to announce new goals to tackle global gender disparities and to boost agribusiness to tackle food security.
Economy
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