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Iran lawmakers sack minister over economic woes
Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a plunging currency, state television reported. - 'Chronic inflation' - "The most important problem of the country's economy is inflation, and that is chronic inflation, which has plagued our economy for years," the economy minister added.
High-stakes father-son feud rocks Singapore property giant
A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week. "As a father, firing my son was certainly not an easy decision" but the stakes were "simply too high to allow reckless power grabs to destabilise the company", he said.
Indonesians swindled by scams using President Prabowo deepfakes
Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto speaks to the camera in an Instagram video, asking his people how he can help them after his election last year.
China signals renewed tech sector support, but concerns linger
A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold -- though experts advise caution.
Two lunar landings in a week for NASA's private Moon fleet
More than fifty years passed between the last Apollo mission and the United States' return to the lunar surface, when the first-ever private lander touched down last February.
Cyclone death toll rises to four on La Reunion
At least four people have died in the Indian Ocean island of La Reunion during the passage of a devastating cyclone that sowed destruction across the overseas French territory, officials said on Saturday. On Friday, Cyclone Garance struck the territory of 900,000 people, uprooting trees, tearing off roofs and flooding homes.
Intel slows $28 bn chip factory project in Ohio
Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, saying it is taking a prudent approach to the $28 billion project. For the full year 2024, Intel recorded a net loss of $18.8 billion as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.
Why Mexican manufacturers seem unfazed by threat of Trump tariffs
If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-percent tariffs on Tuesday. On Tuesday, the tariffs he announced on all Mexican imports shortly after taking office are due to go into effect, after being suspended for a month.
Nigeria president says end in sight for economic crisis
Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a cost-of-living crisis, President Bola Tinubu said Friday. "Today, we see a light at the end of the tunnel."
AFP
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