Economy
Asian markets mostly rise as US data boosts rate hopes
Growing hopes that the Federal Reserve and other central banks are close to cutting interest rates helped push Asian stocks higher Friday. The European Central Bank is expected to cut its rates in June.
American Airlines union seeks Biden support in contract fight
Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations.
Argentina's Milei faces 2nd general strike in 5 months
Argentina's President Javier Milei faced his second general strike Thursday in just five months in office, as workers angered by austerity cuts brought the capital to a standstill. - 'Useless sacrifice' - Just weeks after taking office in December, Milei faced his first general strike.
Porsche recalls thousands of Taycans over faulty batteries
German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire. Some 858 Taycans were initially identified as being at risk and recalled in January, but after further checks the company determined that further vehicles could also be affected.
Boeing passenger plane exits runway in Senegal injuring 11
A Boeing passenger plane came off the runway during takeoff from Dakar international airport early Thursday, injuring 11 people and shutting the hub for almost 12 hours, its operator said. Eleven people were injured, four of them seriously.
Blackstone wins bidding war for UK music rights firm
US private equity firm Blackstone emerged victorious Thursday in a takeover battle for struggling UK music rights owner Hipgnosis Songs Fund, after American group Concord refrained from improving its bid. The US private equity house last week ramped up its bid to $1.30 per share.
Nissan annual net profit nearly doubles on-year
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year. Thursday's results struck a different tone to an announcement last month when Nissan trimmed its sales and profit outlook for 2023-24, predicting a more modest net profit of 390 billion.
Chinese cities lift curbs on buying homes as property crisis bites
Two of China's wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Several of the biggest cities, including Beijing, Shanghai and Shenzhen, have partly lifted curbs but have resisted dumping them entirely.
Spanish bank BBVA goes hostile in Sabadell takeover bid
Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant. BBVA president Carlos Torres Vila is scheduled to take part in a press conference on Thursday at noon (1000 GMT) to discuss its hostile takeover bid for Sabadell.
Economy
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