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Police clash footage shocks Bangladesh as internet returns
When millions of Bangladeshis came back online this week after a nationwide internet shutdown, many were shocked to watch a ferocious police clampdown they had earlier only heard while bunkered in their homes.
Most stocks rise on Fed rate cut hope but strong yen batters Tokyo
Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan. "We continue to expect that the Federal Reserve will cut rates in September and December, followed by four 25 basis point reductions in 2025," said JP Morgan Asset Management's Raisah Rasid.
Bank of England to finally cut interest rate?
The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat. They add that its decision could depend on the BoE's latest forecast for British economic growth, which is due alongside Thursday's rate call.
Meta shares rise as earnings top expectations
Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump. The impressive profit came even though Meta's Reality Labs unit, devoted to virtual and augmented reality products, lost $4.5 billion, which was more than analysts expected.
Venezuela's Maduro, Elon Musk battle it out online
Venezuelan President Nicolas Maduro, whose claim to victory at the polls has been widely contested, is no friend of billionaire Elon Musk, and the feeling is clearly mutual, with their war of words escalating amid the political crisis in Caracas. Later on, the billionaire added: "Sorry to have compared the poor ass to Maduro.
French storm damage leaves rail passengers stranded
Tens of thousands of rail passengers booked on the Paris-Lyon line were unable to travel on Wednesday after trees felled by a storm blocked tracks, French rail operator SNCF said. SNCF said it did not know when the tracks would be cleared, and asked passengers with bookings to stay at home.
Boeing names new CEO as it reports hefty loss
Boeing named former Rockwell Collins chief Robert "Kelly" Ortberg its next CEO Wednesday, as the aviation giant reported a hefty loss on continued operational problems. Ortberg, 64, helped lead Rockwell Collins and integrate it into United Technology prior to his retirement from RTX in 2021.
European airport traffic returns to pre-Covid levels
Passenger traffic at European airports returned to pre-Covid levels in the first half of the year as the sector finally "turned the corner" on the pandemic crisis, the main industry association said on Wednesday.
Eurozone inflation unexpectedly rises in July
The eurozone's annual inflation rate unexpectedly edged up in July due to rising energy costs, official data showed on Wednesday. Across the eurozone, Finland recorded the lowest inflation rate in July, at 0.6 percent, Eurostat data showed.
AFP
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