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China and Pakistan to mark mega infrastructure anniversary
Chinese Vice Premier He Lifeng was due in the Pakistan capital on Sunday to mark the 10th anniversary of a mega economic plan that is the cornerstone of Beijing's Belt and Road Initiative. Ahead of the visit, banners celebrating the anniversary and flags of both countries have been put on display across the Pakistan capital.
Decoupling from China 'an illusion', French finance minister says
France's finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was "an illusion", as some Western countries question their reliance on the Asian giant.
Egypt energy-saving measures power satirical reaction
Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and ridicule to government measures for reducing energy consumption. In his televised address, Madbouli blamed the energy shortage on soaring temperatures which led consumption to exceed the government's supply of fuel.
Back on track: Europe's night trains make bumpy comeback
Night trains have made a comeback in Europe thanks to their low-carbon footprint, but after years of neglect, the renaissance has had a bumpy ride. "There was no demand and no request for night trains for over 25 years" causing manufacturing to grind to a halt, he said.
Japan presses Sri Lanka to secure China debt deal
Japan pressed bankrupt Sri Lanka on Saturday to expedite its debt restructuring, including with its biggest creditor China, to stabilise the island nation's economy after an unprecedented crisis. China holds about 52 percent of Sri Lanka's bilateral credit, with Japan and India the next biggest lenders.
UK railways hit by latest staff walkout
Rail workers in Britain held their latest strike over pay and conditions on Saturday, as more than a year of walkouts on the country's train network grinds on. The repeated strikes by rail staff have been mirrored across the public and private sectors in Britain, as workers demand pay rises in response to decades-high inflation and the worst cost-of-living crisis in a generation.
Ryanair pilots' strike in Belgium cancels almost 100 flights
A strike by Ryanair pilots in Belgium in an ongoing dispute over working conditions has cancelled 96 flights to and from Charleroi this weekend, the airport said, in the midst of the busy summer travel season. A total of 120 flights to and from Charleroi were cancelled during the previous strike weekend on July 15 and 16. jug/imm
US to help Australia boost missile manufacturing
Washington will seek to bolster its shrinking weapons stockpiles by helping Australia develop a missile manufacturing and exporting industry, top officials said Saturday after high-level talks between the two countries.
P&G shares jump as it forecasts profit growth
Procter & Gamble reported another quarter of solid profit growth behind price hikes on Friday as shares rallied on an earnings forecast that topped analyst expectations. P&G expects 2024 profits growth of between six and nine percent, with a midpoint of $6.34 per share, well above analyst expectations.
AFP
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