Economy
Brazil block on X comes into effect after judge's order
A block on Elon Musk's X social network in Brazil started to take effect early Saturday after a Supreme Court judge ordered its suspension, according to AFP. Brazilian Supreme Court judge Alexandre de Moraes on Friday ordered the suspension of the platform following a months-long standoff with the tech billionaire over disinformation in South America's largest nation.
China manufacturing contracts for fourth straight month
Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover. The non-manufacturing PMI, which includes services, was in positive territory in August at 50.3 points compared with 50.2 a month earlier.
Right-wing activist leads charge against US equality push
Ordinary Americans have "had enough" of inclusivity and diversity policies at US companies, according to Robby Starbuck, who has led a one-man campaign against the controversial initiatives. He has also campaigned against the imposition of anti-climate change policies on companies, and in a recent video on X where he has 600,000 followers denounced US militarism abroad.
Activists seek clarity over mining ban in Ecuador forest reserve
A sprawling Ecuadoran forest reserve, home to toucans and the spectacled bear, is at the heart of a tug-of-war between environmentalist and miners. The reserve is also home to 270 mammal species.
CBN releases data of currency outside banks as naira gains against dollar
The Central Bank of Nigeria has said that currency outside the banking system declined to N3.66 trillion in July, showing growing confidence in the banks.
US Fed's preferred inflation gauge steady as rate cut looms
The US Federal Reserve's favored measure of inflation held steady in July according to government data Friday, sustaining expectations that the central bank is on its way to interest rate cuts starting next month.
India growth slows to 6.7% on lower consumer spending
India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy. The Indian economy had expanded to 7.8 percent on-year in the previous March quarter.
British hospitality eyes big bucks ahead of Oasis tour
Fans are not the only ones eagerly awaiting next year's Oasis reunion tour: British hoteliers and pub owners are looking forward to a boom in business, with hopes of a Taylor Swift-style economy boost. The tour looks set to "join the likes of Taylor Swift, Harry Styles and Beyonce in delivering record-setting shows", added UKHospitality's Nicholls.
Eurozone inflation falls to three-year low in August
Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut. Across the eurozone, Lithuania recorded the lowest inflation rate in August, at 0.7 percent, Eurostat data showed.
Economy
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