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13876 articles published since 08 Mar 2022

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Channel tunnel strike blocks train travel
Channel tunnel strike blocks train travel
Economy

A wildcat strike by workers operating the Channel tunnel has blocked train travel between France and Britain since midday Thursday, train operator Eurostar said. The strike at Eurotunnel operator Getlink has blocked Eurostar trains as well as the trains shuttling trucks and cars as the peak holiday travel season gets underway.

Angola to quit OPEC over oil production quotas disagreement
Angola to quit OPEC over oil production quotas disagreement
Economy

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year. Azevedo told state broadcaster TPA that Angola is unhappy with OPEC's decision last month to further slash production next year in an effort to prop up volatile prices.

Italian MPs vote against reform of eurozone rescue fund
Italian MPs vote against reform of eurozone rescue fund
Economy

Italy's lower house of parliament, including members of Prime Minister Giorgia Meloni's party, rejected an opposition motion to approve a reform of the eurozone's bailout fund on Thursday. Meloni's post-Fascist Brothers of Italy party voted against the opposition motion on Thursday, as did the far-right League party of Deputy Prime Minister Matteo Salvini.

Benin's president urges renewal of ties with coup-hit Niger
Benin's president urges renewal of ties with coup-hit Niger
Economy

Benin President Patrice Talon on Thursday called for relations to be swiftly re-established between his country and neighbouring Niger, which is now controlled by military rulers after a coup. In his annual address to the nation before parliament, Talon expressed the "wish to see relations between Benin and the countries where coups have happened quickly re-established".

Turkey's central bank delivers smaller rate hike
Turkey's central bank delivers smaller rate hike
Economy

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation. This compares to five-point hikes in previous months.

Argentina's Milei orders major deregulation of economy
Argentina's Milei orders major deregulation of economy
Economy

Argentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices. Among the changes announced Wednesday are the elimination of a law regulating rent, as well as rules preventing the privatization of state enterprises.

Sony PlayStation 5 sales cross 50 million units
Sony PlayStation 5 sales cross 50 million units
Economy

Sales of Sony's PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to "strong momentum" this year for its flagship gaming console. Still, the PS5 reached the 50-million-unit milestone in almost the same period as its predecessor, the PS4, with Sony saying its flagship console enjoyed "strong momentum" in 2023.

Ski prices rise but skiers keep coming, for now
Ski prices rise but skiers keep coming, for now
Economy

In the heart of the Austrian Alps, workers at the world's leading ski maker churn out pair after pair for international clients who are undeterred by the sport's snowballing costs. Austrian ski lift operators have also hiked prices this year, in line with other resorts throughout the Alps.

Japan begins on-site inspection to Toyota unit Daihatsu
Japan begins on-site inspection to Toyota unit Daihatsu
Economy

Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.

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