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EU-Canada trade deal stumbles in French Senate
EU-Canada trade deal stumbles in French Senate
by  AFP

The French Senate on Thursday overwhelmingly voted against a free-trade agreement between the EU and Canada, dealing a stinging blow to the government of President Emmanuel Macron. The trade deal's backers say French exports to Canada increased by 33 percent between 2017 and 2023, while imports rose 35 percent, thanks to the agreement.

US lawmakers race to avert weekend government shutdown
US lawmakers race to avert weekend government shutdown
by  AFP

US lawmakers released a $1.2 trillion package in the early hours of Thursday to complete the 2024 federal budget -- teeing off a race to sign it into law before a government shutdown looming at the weekend.

US home sales rise in February by most in a year
US home sales rise in February by most in a year
by  AFP

Sales of existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at slightly lower levels. Compared with February last year, however, home sales last month were still 3.3 percent down, NAR data showed.

Global music biz sees 10.2% growth in 2023: industry
Global music biz sees 10.2% growth in 2023: industry
by  AFP

Global music revenues were up 10.2 percent last year to $28.6 billion, according figures released Thursday, but record firms are concerned over how to maintain growth in the streaming era. The music industry grew for the ninth consecutive year, thanks largely to the continued growth of streaming (up 11.2 percent), which now accounts for more than two-thirds (67.3 percent) of global revenues.

Leaders tout nuclear power as climate tool at Brussels summit
Leaders tout nuclear power as climate tool at Brussels summit
by  AFP

More than 30 countries -- including European nations, the United States, Brazil and China -- took part on Thursday in the first-ever summit held by the United Nations' atomic energy agency to promote nuclear as a "clean and reliable source of energy".

Turkey's central bank hikes interest rate to 50%
Turkey's central bank hikes interest rate to 50%
by  AFP

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The central bank said Thursday that its "monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen".

Switzerland becomes first developed economy to cut interest rate
Switzerland becomes first developed economy to cut interest rate
by  AFP

The Swiss National Bank cut interest rates on Thursday -- the first to do so among the major central banks, saying the battle against inflation was working almost two years after launching its monetary tightening campaign. And the Norwegian central bank on Thursday kept its key interest rate unchanged at 4.5 percent but signalled it could start cutting later this year.

High inflation in Turkey dampens Ramadan's high spirits
High inflation in Turkey dampens Ramadan's high spirits
by  AFP

As the sun sets over the Bosphorus, a long queue forms on a street in Istanbul as people wait for iftar -- the evening meal that breaks Ramadan's daily fast. - Fraternity in hard times - One hour before iftar, several hundred worshippers wait impatiently before the tent where the meals will be served after sunset.