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TotalEnergies drills first oil wells for huge Uganda project
TotalEnergies announced Tuesday it had started drilling wells for oil in Uganda as part of a huge project condemned by environmental and rights groups. "Total continues its greenwashing, trying to convince that its oil wells will not affect the local fauna thanks to the beige colour of the drilling towers 'to look like the surrounding savannah'," the two groups said in a statement.
Uncertainty as internet reaches remote Amazon
Covered in tattoos resembling jaguar spots, an Indigenous man connects to TikTok for the very first time from a previously off-the-grid village deep in the Amazon. On the day the antenna was installed, those with mobile phones -- mostly teens -- connected to TikTok, YouTube and sent voice messages on WhatsApp.
No successor named for Lebanon central bank chief: deputy PM
Crisis-hit Lebanon -- which has no president and is ruled by a caretaker government -- will also have to go without a central bank chief from next week, says the country's deputy premier.
US on 'very narrow path' to avoid recession: IMF chief economist
The US economy is on a "very narrow path" to avoiding a recession, the International Monetary Fund's chief economist says, while warning of risks to China's strong post-pandemic recovery. "But it's a very, very narrow path," he warned.
IMF nudges up 2023 economic outlook but warns of slowing global growth ahead
The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday.
General Motors reports strong results as it girds for tough labor talks
General Motors lifted its full-year forecast following another strong quarter on Tuesday as it girds for difficult labor negotiations and questions about demand for its growing electric vehicle business.
Spotify reports strong user growth, raises prices
Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.
Swedish retailer H&M sues Chinese rival Shein in Hong Kong court
Retail giant Hennes & Mauritz has sued its fast-growing rival Shein in a Hong Kong court for copyright infringement, the Swedish fashion juggernaut said Tuesday. Copyright infringement lawsuits are common in the fast-fashion world but it is often smaller, independent designers lodging complaints against giant retailers, making H&M's suit against Shein unusual.
Thousands of Afghan salons to close as Taliban deadline bites
Thousands of beauty parlours across Afghanistan were due to close permanently Tuesday following an order by Taliban authorities that cuts off one of the few revenue streams available to women, as well as a cherished space for socialising.
AFP
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