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Google-parent Alphabet's profit slips as growth slows
Google-parent Alphabet on Tuesday reported its profit in the recently ended quarter slipped to $16 billion as its long sizzling ad revenue growth cooled. Alphabet profit was some $2.5 billion higher in the same quarter a year earlier, but the flow of online ad dollars that fuels the company's fortunes has slowed as inflation, war and other troubles vex the overall economy.
Biden undecided on China tariffs ahead of Xi call: W.House
President Joe Biden has still not decided whether to end some trade tariffs on China ahead of a phone call expected this week with his Chinese counterpart Xi Jinping, a senior official said Tuesday. The call, which is expected this week but has yet to be finally scheduled, will be the fifth between Xi and Biden since the Democrat took office in 2021.
US calls on Ukraine to pick prosecutor to fight corruption
The United States on Tuesday urged Ukraine to pick a credible top prosecutor to replace one sacked by President Volodymyr Zelensky, calling for action on corruption even as Kyiv battles Russian invaders.
Argentina pays tribute to icon Eva Peron on 70th anniversary of death
Crisis-wracked Argentina on Tuesday marked the 70th anniversary of the death of iconic political figure Eva Peron with a series of events, marches and tributes. - 'Standard-bearer of the humble' - Earlier this year, Argentina returned Peron's image to the 100 pesos bill after liberal former president Mauricio Macri had discontinued a series of bank notes that paid tribute to her.
Russia doing better than expected despite sanctions: IMF
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday. Meanwhile, rising energy prices are "providing an enormous amount of revenues to the Russian economy."
Don't let inflation 'genie' out of the bottle: IMF economist
The global economy is facing a worrisome slowdown, but the critical priority for policymakers is to bring raging inflation under control, the IMF's chief economist said Tuesday. - Signs of hope - Some of the primary risks facing the global economy are beyond the control of policymakers, including the potential for Russia to shut off gas supplies to Europe.
Honduras extradites alleged drug matriarch to the US
Honduras on Tuesday extradited Herlinda Bobadilla, a 61-year-old alleged gang leader arrested in a shootout that killed one of her sons, to the United States on drug charges.
Shopify cuts staff as tech firms tighten belts
Canadian e-commerce platform Shopify laid off about 10 percent of its workers Tuesday as a pandemic-driven boom in online shopping has waned. Shopify beefed up its team as online shopping boomed during the pandemic, gambling that the lifestyle shift would remain even when restrictions eased, Lutke told workers.
Lufthansa to cancel nearly all German flights Wednesday
German national carrier Lufthansa said it would have to cancel almost all flights at its domestic hubs in Frankfurt and Munich on Wednesday because of a planned strike by ground crew, adding to a summer of travel chaos across Europe.
AFP
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