AFP
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Xi says China planning 'major' reforms ahead of key political meeting
Chinese President Xi Jinping said Friday that the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda. In a speech on Friday, Xi said policymakers "are planning and implementing major measures to further deepen reform in a comprehensive manner".
Yen weakens further to put focus on Tokyo, Asian equities rise
The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.
Palestinian brewery persists as Israeli curbs bite in wartime
Even before the Gaza war broke out, the Taybeh brewery's pale ales and lagers had to carve a rocky path to make their way out of the occupied West Bank. But this year there won't be any festivities because of the Gaza war that has killed tens of thousands of Palestinians.
Trump says inflation is 'killing our country' under Biden
Donald Trump accused Joe Biden on Thursday of doing a "poor job" on the US economy and of presiding over a disastrous rise in inflation -- reflecting how rising prices and the cost of living have become key issues ahead of November's presidential election.
US Supreme Court rejects opioid settlement that shields Sackler family
The US Supreme Court on Thursday rejected Purdue Pharma's $6 billion opioids settlement immunizing the Sackler family, which controlled the drugmaker, from future litigation. The settlement gave the families of Raymond Sackler and Mortimer Sackler protection from all future civil claims, effectively protecting their other assets from opioid-related lawsuits.
Nike shares tumble on tepid outlook as CEO eyes Olympics marketing win
Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games. He also vowed an impressive marketing blitz at the upcoming Olympic Games in Paris.
'Not crazy to be optimistic' on climate tech, Gates tells investors
Microsoft co-founder Bill Gates on Thursday urged investors to get behind cutting-edge climate technologies he says would drive a "green industrial revolution" and a next wave of global prosperity. - 'Green industrial revolution' - Less than a decade ago, Gates said, there was very little investor interest in climate technologies.
IMF slightly downgrades US economic forecast for 2024
The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained "robust, dynamic, and adaptable to changing global conditions."
US investigative agency sanctions Boeing for discussing probe
A US investigative authority sharply rebuked Boeing for sharing details about an ongoing probe of a near-catastrophic aviation incident that were not supposed to be discussed publicly. Under the party agreement Boeing signed with the NTSB, the company is supposed to refer all comment on the Alaska Airlines probe to the agency.
AFP
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