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Crisis-mired Germany to blow through debt limit in 2023
Crisis-mired Germany to blow through debt limit in 2023
by  AFP

Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis. The finance minister, who has intoned on the importance of clear debt limits, avoided direct mention of the brake in an earlier press conference.

Speed limit cut and car-sharing coming for jammed Paris ring road
Speed limit cut and car-sharing coming for jammed Paris ring road
by  AFP

Paris will set a speed limit of 50 kilometres per hour (30 mph) on the French capital's congested ring road and add a car-sharing lane after next year's Olympic Games, city hall said Thursday. Drivers are alone in some 80 percent of the cars on the ring road.

Novo Nordisk spends big in France to expand obesity drug capacity
Novo Nordisk spends big in France to expand obesity drug capacity
by  AFP

Danish pharmaceutical giant Novo Nordisk will announce Thursday a major investment in a French production site to expand capacity for a blockbuster anti-obesity drug, the French presidency said. Novo Nordisk already said this month it was investing 42 billion Danish kroner ($6.1 billion) to expand its facilities in Denmark.

Turkey delivers another major interest rate hike
Turkey delivers another major interest rate hike
by  AFP

Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to support the slumping lira. And Erkan has been trying to calibrate rate hikes to levels that both fight inflation and avoid infuriating Erdogan.

The economy, stupid? UK PM Sunak's 'only' chance of re-election
The economy, stupid? UK PM Sunak's 'only' chance of re-election
by  AFP

UK leader Rishi Sunak's hopes of turning around his beleaguered Conservative party's fortunes before a likely general election next year hinge on a British economic recovery, observers say. However, it forecast that economic output would grow by just 0.7 percent next year, sharply down from a previous prediction of a solid 1.8-percent expansion.

Tesla's Musk says fallout from Sweden strike 'insane'
Tesla's Musk says fallout from Sweden strike 'insane'
by  AFP

Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries. Replying to a user posting about the issue on X, formerly Twitter, Musk, who had not publicly reacted to the strike previously, said simply: "This is insane."

Oil firms face 'moment of truth' in climate crisis: IEA
Oil firms face 'moment of truth' in climate crisis: IEA
by  AFP

Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the climate crisis or embracing the clean energy transition, the International Energy Agency said Thursday. "Producers must choose between contributing to a deepening climate crisis or becoming part of the solution by embracing the shift to clean energy," the IEA said.