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UK economy grows above forecasts, but tariffs threaten progress
UK economy grows above forecasts, but tariffs threaten progress
by  AFP

Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect. Thursday's data covers the period before April's introduction of a hike to a business tax laid out in the Labour government's maiden budget in October.

Cuban cigarillo factory overwhelmed by burning demand overseas
Cuban cigarillo factory overwhelmed by burning demand overseas
by  AFP

Cuba's sole producer of cigarillos cannot keep up with exploding demand abroad for the smaller, cheaper, machine-rolled version of the island nation's much more famous hand-crafted cigars. Unlike Cuba's famous hand-rolled "Habanos," cigarillos are aimed at a market with "lower purchasing power," said Soler.

End of nuclear in Taiwan fans energy security fears
End of nuclear in Taiwan fans energy security fears
by  AFP

Taiwan will turn off its last nuclear reactor on Saturday, fuelling concerns over the self-ruled island's reliance on imported energy and vulnerability to a Chinese blockade. - Chinese threat - Taiwan's reliance on imported fossil fuels is of particular concern given the risk of a Chinese blockade.

Stocks drop as fresh trade news awaited, oil down on Iran hopes
Stocks drop as fresh trade news awaited, oil down on Iran hopes
by  AFP

Equities stuttered Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump's tariff blitz, while oil extended losses on hopes for an Iran nuclear deal. Oil prices sank around two percent on signs that Iran could agree to certain US demands to reach a nuclear deal.

System glitch delays Australian-made rocket launch
System glitch delays Australian-made rocket launch
by  AFP

An Australian aerospace firm said Thursday it has delayed a historic first attempt to launch a locally developed rocket into orbit, citing a ground system glitch. If successful, it would be the first Australian-made rocket to make an orbital launch from Australian soil.