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US ends leasing in its largest coal-producing region
US ends leasing in its largest coal-producing region
by  AFP

President Joe Biden's government on Thursday announced it was ending coal leases in the Powder River Basin, the nation's largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists. It won't affect current coal leases in the region, which spans southeast Montana and northeast Wyoming.

Exhibition traces Jewish origins of Hollywood
Exhibition traces Jewish origins of Hollywood
by  AFP

A new exhibition opening in California this weekend traces the Jewish origins of Hollywood. The exhibition, which is on permanent display at the Academy Museum of Motion Pictures, takes its name from the original sign that loomed over downtown Hollywood.

Stocks waver after hitting record highs
Stocks waver after hitting record highs
by  AFP

Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation, though Wall Street pushed ahead with the Dow topping the 40,000-point mark mid session for the first time.

Walmart profits rise on strong sales from wealthier shoppers
Walmart profits rise on strong sales from wealthier shoppers
by  AFP

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. The improved sales to wealthier shoppers reflect a focus on affordable pricing and convenience, as well as a greater attention to products such as fresh food, company executives said on a conference call.

China's Baidu posts weakest quarterly revenue growth in over a year
China's Baidu posts weakest quarterly revenue growth in over a year
by  AFP

Chinese internet giant Baidu announced Thursday its slowest quarterly revenue growth in over a year, as competition between top players in the country's cutting-edge tech sector intensifies. The figure represents a year-on-year increase of one percent -- the slowest quarterly revenue growth recorded by Baidu since the final quarter of 2022.

Easyjet CEO flies out in 2025 after seven years
Easyjet CEO flies out in 2025 after seven years
by  AFP

Easyjet said Thursday that chief executive Johan Lundgren would step down at the start of 2025 after seven years piloting the no-frills airline, notably through Covid turbulence.

Siemens to sell electrical motors business to KPS
Siemens to sell electrical motors business to KPS
by  AFP

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).

Monet painting fetches $35 million at New York auction
Monet painting fetches $35 million at New York auction
by  AFP

A Monet sold for nearly $35 million at auction Wednesday evening, Sotheby's said, marking a solid start to New York's spring art sales. Christie's, meanwhile, sold some $115 million in contemporary art the prior evening, including a Jean-Michel Basquiat painting for $32 million.