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Kenya's Ruto dismisses almost entire cabinet after deadly protests
Kenyan President William Ruto announced on Thursday the dismissal of almost his entire cabinet and consultations to form a "broad-based government" following widespread anti-government protests. Ruto also said Thursday that he will "immediately engage in extensive consultations across different sectors and political formations, with the aim of setting up a broad-based government".
Germany to ban Chinese telecom giants from 5G network
Germany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns. Parts from Huawei and ZTE will no longer be used in "core" 5G mobile networks by the end of 2026 at the latest, the interior ministry in Berlin said.
US consumer inflation eases more than expected in June
US inflation cooled more than expected in June, government data showed Thursday, a positive development for President Joe Biden as he fights to win confidence on his economic record in his reelection bid. The latest CPI report adds to a series of encouraging data that could give officials confidence that inflation is coming down to their two-percent target.
France says needs 25 bn euros budget cuts to keep deficit promise
The French government, under EU pressure for overspending, said Thursday it needed a total of 25 billion euros in budgetary cuts this year to keep its promise of getting deficits back under control.
EU accepts Apple plan to open iPhone tap-to-pay to rivals
The EU on Thursday approved Apple's offer to allow rivals access to the iPhone's ability to tap-to-pay within the bloc, ending a lengthy probe and sparing it a heavy fine.
Oil demand growth slowing, China consumption dips: IEA
The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped. "Oil consumption in China, long the engine of global oil demand growth, contracted in both April and May" the IEA said in its monthly report on the oil market.
Cocoa price surge eats into Barry Callebaut sales volumes
The world's top industrial supplier of chocolate, Barry Callebaut, reported Thursday a dip in sales volumes in its latest quarter as a jump in cocoa prices bit into demand. Barry Callebaut supplies cocoa and other chocolate products to food industry giants including Hershey, Nestle and Unilever.
Romania faces down Vuitton for 'stealing' its beloved blouse
Villagers in Vaideeni at the foot of Romania's Carpathian mountains are fuming at French luxury brand Louis Vuitton for "stealing" the design of their traditional blouse.
Ukraine relies on friends as Russia strikes power grid
With Russian attacks on energy infrastructure causing power cuts, Ukraine is depending on its central and eastern European neighbours to keep the lights on. Ukraine's electricity imports from neighbours Hungary, Moldova, Poland, Romania and Slovakia have been growing steadily for months as Russian attacks on its power system have intensified.
AFP
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