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France makes multibillion-euro gamble on Olympic gold
France makes multibillion-euro gamble on Olympic gold
Economy
by  AFP

France is facing a bill of almost nine billion euros for hosting the Paris Olympics but top officials say the financial fallout could be more "psychological" than economic. For Bank of France governor Francois Villeroy de Galhau, the Paris Olympics will have more of a "psychological" impact than economic.

Xi says China planning 'major' reforms ahead of key political meeting
Xi says China planning 'major' reforms ahead of key political meeting
Economy
by  AFP

Chinese President Xi Jinping said Friday that the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda. In a speech on Friday, Xi said policymakers "are planning and implementing major measures to further deepen reform in a comprehensive manner".

Palestinian brewery persists as Israeli curbs bite in wartime
Palestinian brewery persists as Israeli curbs bite in wartime
Economy
by  AFP

Even before the Gaza war broke out, the Taybeh brewery's pale ales and lagers had to carve a rocky path to make their way out of the occupied West Bank. But this year there won't be any festivities because of the Gaza war that has killed tens of thousands of Palestinians.

Trump says inflation is 'killing our country' under Biden
Trump says inflation is 'killing our country' under Biden
Economy
by  AFP

Donald Trump accused Joe Biden on Thursday of doing a "poor job" on the US economy and of presiding over a disastrous rise in inflation -- reflecting how rising prices and the cost of living have become key issues ahead of November's presidential election.

US Supreme Court rejects opioid settlement that shields Sackler family
US Supreme Court rejects opioid settlement that shields Sackler family
Economy
by  AFP

The US Supreme Court on Thursday rejected Purdue Pharma's $6 billion opioids settlement immunizing the Sackler family, which controlled the drugmaker, from future litigation. The settlement gave the families of Raymond Sackler and Mortimer Sackler protection from all future civil claims, effectively protecting their other assets from opioid-related lawsuits.