Economy
Hermes v Hermes: Turkey bookshop marks win in copyright fight
A bookseller in Turkey notched a victory over a French luxury house in a copyright battle to be able to call itself Hermes, the shop's lawyer said Tuesday, hailing an infrequent win against a major brand.
IMF maintains 2024 global growth forecast, warns of inflation risk
The IMF held global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead. But even as many countries saw better growth than anticipated early this year, the IMF flagged surprises in Japan and the United States.
Poisoned by arsenic, and with no way out, Peruvians live in fear
Sayuri Moreno found out while pregnant that her body was contaminated with arsenic, but could not afford doctors' advice to avoid breastfeeding and leave her home in a mining area in northern Peru. When Mireya Minaya was pregnant she was found to have 142 micrograms of arsenic per liter of urine.
US retail sales flat in June as consumption cools
Retail sales in the United States slipped less than analysts anticipated in June on a weaker performance in the auto and gas segments, government data showed Tuesday. But excluding auto and gas, total retail sales was up 0.8 percent in June -- indicating that there may still be some way to go yet in easing demand.
UK judge asks prosecutors to consider charges in bitcoin inventor case
A UK judge said Tuesday he will ask prosecutors to consider perjury and forgery charges against an Australian computer scientist who falsely claimed to be "Satoshi Nakamoto", the pseudonym used by the creator of the cryptocurrency bitcoin.
Bauchi, Kogi, Oyo top list of 10 most expensive states to live in Nigeria as inflation surges
According to the National Bureau of Statistics, Nigeria's inflation rate for June 2024, soared to 34.19%, with Consumer Price Index (CPI) surging in most states.
Cartier-owner Richemont says China sales tumble 27%
Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms. China has become a key market for luxury firms in recent years thanks not only to its rising ranks of millionaires but also the swelling middle class.
After Dangote, another refinery gets ready to begin fuel production, undergoes licensing
The Port Harcourt Refining Company is almost ready to join Dangote Refinery in beginning the production of petroleum products, including diesel for Nigerians to buy.
Asian traders struggle to match Wall St record as Trump odds grow
Asian markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year. The dovish comments over the past week have sent bets on a September rate cut soaring, while some traders are eyeing as many as three by the end of the year.
Economy
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