AFP
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Author's articles
Why a surprisingly strong US economy is pushing up bond yields
Yields on the 10-year US government bond are flirting with a 15-year high this week, amid growing fears that strong growth and low unemployment could keep interest rates higher for longer. Economic growth in the second quarter beat expectations due in large part to resilient consumer spending, while the unemployment rate has remained close to historic lows.
Ship from Ukraine port nears Turkey despite Russian blockade
A civilian cargo vessel sailing from Ukraine neared Turkey on Thursday in defiance of a Moscow blockade that saw another ship come under attack from Russian military personnel. The Joseph Schulte's mission came just days after the Russian navy fired warning shots and boarded a small Turkish-crewed cargo vessel that was travelling to the Ukrainian port of Izmail.
Walmart reports another solid quarter as consumers focus on value
Walmart raised its full-year forecast on Thursday as it posted another quarter of solid results, grabbing market share in groceries and other staples against a backdrop of inflationary pressures. Walmart lifted full-year projections and now sees full-year earnings of between $6.36 and $6.46 a share, up 26 cents from the prior range.
Walmart raises 2024 forecast after 'strong' quarter
Walmart raised its full-year forecast on Thursday following a jump in quarterly profits, pointing to solid increases at US stores and e-commerce. Walmart lifted full-year projections and now sees full-year earnings of between $6.36 and $6.46 a share, up 26 cents from the prior range.
Ballgowns, surveillance and cloning for sale at China pet fair
A shimmering, 1.5-metre-long golden ballgown stood pride of place in a Shanghai exhibition hall Thursday -- and for the cool price of $13,700, your dog could be the lucky animal to leave Pet Fair Asia wearing it. - 'Together forever' with tech - Pet Fair Asia is taking place over several days, with organisers saying its scale this year is unprecedented.
Israel says US okays 'landmark' missile defence deal with Germany
Israel said the United States on Thursday approved the "landmark" sale of the Arrow 3 hypersonic missile defence system to Germany, in the country's biggest military deal worth $3.5 billion. "The Israeli Ministry of Defence, German Federal Ministry of Defence, and Israel Aerospace Industries will sign the landmark $3.5 billion defence agreement," it said.
China's property sector crisis fuels fears of contagion
Troubled Chinese property giant Country Garden risks defaulting on its bond payments next month, which could have disastrous consequences for the world's second-largest economy. Last week, Country Garden was unable to make two bond payments.
Israel says US okays Arrow 3 missile defence system sale to Germany
Israel said the United States on Thursday approved the sale of the Arrow 3 hypersonic missile defence system to Germany, in the country's biggest ever military deal worth $3.5 billion. The Arrow 3 system -- an interceptor designed to shoot down ballistic missiles above the Earth's atmosphere -- is jointly developed and produced by the Israel and the United States.
Ireland's fishermen fear species migration as sea temperatures soar
When he finished school Daragh McGuinness knew he wanted to join a fishing crew but now, at 23, he fears climate change may kill off the industry that has sustained his family for generations. "It could really finish the fishing, in Ireland anyway at least."
AFP
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