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New lithium plant inaugurated in Argentina
French mining group Eramet and China's Tsingshan on Wednesday inaugurated a lithium production plant in Argentina to supply the booming electric car industry. The plant is not a traditional mine nor one of the environmentally damaging salt flats from which the metal used in electric batteries is normally extracted in South America's so-called lithium triangle of Argentina, Bolivia and Chile.
Threads hits 175 mn users on first anniversary
Threads, Meta's alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. Threads, which hit app stores on July 5 last year, is a spin-off of Instagram and is intended to be a rival to X, formerly known as Twitter, after that platform alienated many users and advertisers following Elon Musk's purchase in 2022.
US trade deficit expands less than expected in May: govt
The US trade gap grew slightly less than expected in May, to the widest level since late 2022, government data showed on Wednesday, as exports and imports both slipped. While this was the largest since October 2022, analysts had initially expected the gap to be the biggest in two years.
US private hiring eases unexpectedly in June: ADP
Private sector employment cooled unexpectedly in June, payroll firm ADP said Wednesday, with job creation slowing for a third month. But she added that without a hiring rebound in leisure and hospitality, "June would have been a downbeat month."
Microsoft to invest 2.2 bn euros in Spain data centres
Microsoft is to invest 2.2 billion euros ($2.4 billion) in a huge data centre project in northeastern Spain, regional authorities said Wednesday as the area seeks to establish itself as a cloud storage hotspot.
EU clears Lufthansa's proposed ITA Airways stake, with conditions
The EU's powerful competition regulator on Wednesday announced it has conditionally approved German airline Lufthansa's proposed stake in Italy's ITA Airways. The deal provided the German airline various options to increase its stake in ITA Airways -- the successor to state-owned Alitalia -- or acquire it outright at a later date.
Indonesia launches first EV battery plant
Indonesia launched its first electric vehicle battery plant on Wednesday, President Joko Widodo said, as Southeast Asian countries move to gain a foothold in the emerging industry. The plant is part of a $9.8 billion electric vehicle battery deal signed between Indonesia and LG in 2020.
Asia markets track Wall St records as Powell revives rate hopes
Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.
France's renowned Arles photo fest goes 'beneath the surface'
One of the world's most renowned photo festivals, in the French town of Arles, returned this week with a timely ode to diversity at a moment when France is turning towards the far right.
AFP
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