AFP
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Author's articles
Swatch profits plunge as China luxury crisis bites
Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year. But the Chinese market will likely remain challenging for the entire luxury goods industry until the end of the year, it said.
Belgrade's sewage problem festers despite pledges
The sight of ducklings struggling to swim in Belgrade's stinking sewage-choked rivers is one residents hope a long-promised wastewater treatment plant will make a thing of the past. Hopes for the city's water quality were raised in June after authorities announced they had found candidates willing to build a much-needed sewage treatment plant.
Stocks mixed, dollar rises as traders weigh Trump shooting
Asian markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president. Still, Katrina Ell at Moody's Analytics said: "The assassination attempt might lead to a temporary boost in the polls for Trump, but a lot can change before November.
Pakistan reaches $7 bn aid deal with IMF
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy. Pakistan's last $3 billion loan from the IMF in 2023 proved a lifeline.
Turkey puts its best foot forward to charm Chinese investors
Turkey plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD. The Chinese electric vehicle giant signed a billion-dollar deal with Ankara on Monday to open a plant in western Turkey, promising to create 5,000 jobs, a move that will help it dodge new EU tariffs.
Meta lifts restrictions on Trump's Facebook and Instagram accounts
Meta said Friday it was lifting restrictions on US presidential candidate Donald Trump's Facebook and Instagram accounts, ending measures put in place after his supporters violently stormed the US Capitol in 2021.
China launches online crackdown on 'harmful' content targeting children
China on Saturday announced a new crackdown on its tightly controlled internet, taking aim at video apps and social media platforms to purge content deemed harmful to children.
SpaceX Falcon 9 rocket experiences rare failure
SpaceX's highly reliable Falcon 9 rocket has experienced a rare failure that means the latest batch of the company's Starlink satellites won't make it into orbit, the company said Friday, as regulators opened an investigation.
US mobile giant AT&T suffers fresh massive data theft
US mobile operator AT&T reported Friday that hackers had stolen call and message data from virtually all of its customers for six months in 2022 -- around 90 million people. The data mainly comprised records of phone calls and text messages made between May 2022 and October 2022.
AFP
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