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20241 articles published since 08 Mar 2022

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'Turkish salmon': the Black Sea's new rose-coloured gold
'Turkish salmon': the Black Sea's new rose-coloured gold
Economy

Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: his rainbow trout, raised in submerged cages, have made him a wealthy man. Last year, the country exported more than 78,000 tonnes of trout raised in its cooler northern Black Sea waters, a figure 16 times higher than in 2018.

Europe's lithium quest hampered by China and lack of cash
Europe's lithium quest hampered by China and lack of cash
Economy

Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world.

Rice prices double in Japan as inflation accelerates
Rice prices double in Japan as inflation accelerates
Economy

Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent -- its highest level since January 2023 -- interior ministry data showed.

French state leads capital increase for satellite operator Eutelsat
French state leads capital increase for satellite operator Eutelsat
Economy

The French state will become the biggest investor in European satellite operator and Starlink competitor Eutelsat, leading a capital increase alongside private shareholders, the company said Thursday. Major shareholders stumping up alongside Paris were shipping giant CMA CGM, Indian telecoms operator Bharti Airtel and the FSP investment fund, owned by seven French insurance companies.

Trump extends deadline for TikTok sale by 90 days
Trump extends deadline for TikTok sale by 90 days
Economy

President Donald Trump announced Thursday he had given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," Trump posted on his Truth Social platform, putting off the ban for the third time.

How Trumponomics has shaken global markets
How Trumponomics has shaken global markets
Economy

US President Donald Trump has taken just a few months since his election to upend global financial markets with his economic policies. Trump's tariffs are the main culprit but the global reserve currency is also suffering from concerns about the size of the US debt -- exacerbated by a budget proposal from the president that many analysts say will be hugely expensive.

Swiss central bank cuts interest rates to zero percent
Swiss central bank cuts interest rates to zero percent
Economy

The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated. "The global economic outlook for the coming quarters has deteriorated due to the increase in trade tensions," the central bank said, adding that the outlook for Switzerland remained uncertain.

SpaceX Starship explodes during routine test
SpaceX Starship explodes during routine test
Economy

One of Elon Musk's SpaceX Starships exploded during a routine test late Wednesday in Texas, law enforcement said, in the latest setback to the billionaire's dream of turning humanity into an interplanetary species. The latest setback follows an explosion of a prototype Starship over the Indian Ocean in late May.

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