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Nippon Steel fight points to industry's uncertain future in Pennsylvania
Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche. The company has also vowed to keep US Steel's 1,000-worker office in downtown Pittsburgh.
Panamanian court acquits 28 defendants in 'Panama Papers' trial
A Panamanian court on Friday acquitted 28 people charged with money laundering in connection with the now-defunct law firm Mossack Fonseca, the epicenter of the "Panama Papers" international tax evasion scandal. The scandal led to the closure of Mossack Fonseca and shaped the international image of Panama as an offshore tax haven.
Vietnam economy expands 6.4 percent in first half of year
Vietnam's economy grew by more than six percent in the first half of 2024, government figures showed Saturday, as analysts said more reforms are needed to further boost the economy. Industrial production was up 7.5 percent, while foreign investment increased by 8.2 percent compared to the same period last year, the new figures showed.
Biden, Trump battle for blue-collar voters as steel merger looms
Working class voters in Rust Belt cities like Pittsburgh used to favor Democrats overwhelmingly, but years of economic hardship and the rise of social issues favoring Republicans have made them a swing constituency again in 2024.
Union says Boeing penny-pinching has hurt supply chain
Boeing's practice of aggressively pressuring suppliers on costs has damaged its own supply chain, contributing to the aviation giant's current woes, a top union negotiator told AFP this week.
Aid groups press to stop Sudan 'man-made' famine as 755,000 projected to starve
Aid groups are warning that Sudan's "man-made famine" could be even worse than feared, with the most catastrophic death toll the world has seen in decades, without more global pressure on warring generals. A UN-backed study said Thursday that 755,000 people are on the brink of starvation in Sudan, a death toll not seen since the 1980s when famine in Ethiopia shocked the world.
Paris Airbnb goldrush ends as Olympics approach
Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games. He pointed out that French people attending the Olympic Games are more likely to stay with friends and family.
US stocks fall after presidential debate
Wall Street stocks finished lower Friday, shrugging off better inflation data as markets weighed fallout from a US presidential debate in which incumbent Democrat Joe Biden's performance was widely panned. Biden's performance in a debate with predecessor Donald Trump was widely criticized by observers, who said it raised concerns the president is too old to run again.
EU further scrutinises Microsoft, OpenAI tie-up
The EU will examine the impact of Microsoft's multi-billion-dollar partnership with ChatGPT developer OpenAI on competition in the fast-growing AI market, the bloc's antitrust chief said Friday.
AFP
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