Economy
Cargo ship that destroyed Baltimore bridge towed to port
The cargo ship that collided with a Baltimore bridge nearly two months ago, collapsing it and killing six highway workers, was refloated on Monday and towed back into port.
US inflation fight will take 'further time': senior Fed official
The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday. "We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.
Ruto on first state visit by Kenyan leader to US in two decades
Kenyan President William Ruto meets his US counterpart Joe Biden in Washington this week, with the crisis in Haiti and efforts to build trade ties likely to top the agenda. Thursday's Biden-Ruto talks will focus on trade and security partnerships including Kenya's pledge to lead a UN-backed multinational mission seeking to restore order in Haiti, which has been wracked by gang-fuelled anarchy.
Crunch time looms for BHP's bid buy Anglo American
Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches. BHP did not reply to a request for comment from AFP. Anglo American said: "UK laws restrict us from commenting ahead of the deadline." sft/arb/dan
Markets rise as traders cheered by China property plan
Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.
Black farmers in Brazil changing views on coffee production
Raphael Brandao beams with pride as he describes the high-end Brazilian coffee he produces with beans sourced exclusively from Black farmers in a country where many still associate the product with slavery.
Forever fad: Rubik says his cube 'reminds us why we have hands'
The naysayers said the maddening multicoloured cube that Erno Rubik invented 50 years ago would not survive the 1980s. Even after "hundreds or thousands of years", you would still be finding ways to crack it, Rubik enthused.
Ryanair annual profit jumps on higher demand, fares
Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs. This helped offset a fuel bill up almost around a third to 5.1 billion euros.
Business and Bollywood votes in India election
India's financial capital Mumbai began voting Monday when six-week national elections resumed, with much of the megacity's business and entertainment elite vocal in their support of Prime Minister Narendra Modi.
Economy
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