Economy
Viral marketing stunts made 'Deadpool' a $1bn hit, says Disney exec
From cameos in K-pop videos to cooking chimichangas with celebrity chefs, movie stars like Ryan Reynolds are trying ever-more unorthodox stunts to reach fragmented Gen-Z audiences, according to Disney's marketing chief.
Thousands protest in Serbian capital against lithium mine
Thousands hit the streets in Serbia's capital Belgrade Saturday to protest the rebooting of a controversial lithium mine set to serve as a vital source to power Europe's green energy transition. Thousands chanted "Rio Tinto get out of Serbia" and "You won't dig" as they rallied in downtown Belgrade before setting off on a march through the city.
Dollar scarcity hits Nigeria, Mauritius, other African countries, central banks step in
According to Bloomberg, African central banks are boosting their market operations in an attempt to maintain their falling currencies and lower import inflation.
Ethiopian Airlines signs deal for $6 billion mega airport
Ethiopian Airlines has signed a deal for the design of a new $6 billion airport described as the biggest in Africa, state media reported. Ethiopian Airlines is the largest in Africa, last month reporting revenue of $7 billion for its 2023/24 financial year, carrying 17.1 million passengers.
“Naira is gaining”: CBN predicts new exchange rate as dollar crashes again, FX Reserves rise
The Nigerian naira has gained further against the US dollar for three days, trading at N1,593.57 per dollar in the official market, and N1,595/$ in the black market.
In drought-hit Sicily, rainwater is dumped in the sea
Sicilian lemon producer Rosario Cognata is furious: his fruit is withering due to the drought, while just a few kilometres away rainwater is being dumped into the sea. "Okay, the drought is due to lack of rain.
Russian economic growth dips in second quarter as inflation rises
The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating". The bank's governor Elvira Nabiullina said the economy was showing signs of "overheating" and pointed to difficulties with international payments -- an effect of Western sanctions -- as another factor driving up inflation.
French economy to get Olympics boost: central bank
The French central bank said Friday that the nation's economy should get a considerable bump from the Olympic and Paralympic Games. The Olympic Games officially opened in late July and the Paralympic Games finish in September.
China launches appeal at WTO over EU electric vehicle tariffs
Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China. "On August 9, China appealed to the World Trade Organization's dispute settlement mechanism over the EU's temporary anti-subsidy measures on EVs," a spokesperson for the country's commerce ministry said in a statement.
Economy
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