Economy
European stocks up as ECB cuts rate, US stocks mixed
European stock markets rose Thursday as the European Central Bank cut interest rates for the first time since 2019 -- but gains were muted as sticky inflation blurs the outlook for more reductions.
Chile's lithium dreams raise water concerns in the desert
As night falls in Chile's Atacama desert, the world's driest, a drilling machine extracts brine to measure levels of lithium -- a crucial mineral for the global switch to cleaner energy, but harmful in its own way. Chile is seeking to retake its position as the world's top lithium producer, but environmentalists fear extraction in the Atacama desert will harm fragile ecosystems there.
After a bitter break-up, Trump makes up with billionaire donors
In an electoral system in which money is the ultimate kingmaker, Donald Trump has been courting the country's billionaires -- and they have their checkbooks ready. On November 5, voters -- perhaps influenced by ads paid for with millions of dollars of billionaire money -- will have the final say. rle/sst/st
In first, SpaceX's megarocket Starship nails ocean splashdown
SpaceX's massive Starship rocket achieved its first ever splashdown during a test flight Thursday, in a major milestone for the prototype system that may one day send humans to Mars. NASA chief Bill Nelson wrote on X. "We are another step closer to returning humanity to the Moon through #Artemis -- then looking onward to Mars."
Boeing CEO to address safety at US Senate hearing
Boeing's outgoing CEO Dave Calhoun will testify before a US Senate panel later this month to answer questions about safety and production issues at the aircraft manufacturer, the company said Wednesday.
Private sector hiring in US cools more than expected: ADP
Job gains in the US private sector slowed again in May on a slump in manufacturing, payroll firm ADP said Wednesday, in a further sign the world's largest economy could be cooling.
World Bank says Kenya's economy to slow in 2024
Kenya's economic growth will slow to five percent this year after a "robust" performance in 2023, the World Bank said Wednesday. The World Bank said in a report that while Kenya's real GDP growth had accelerated last year to 5.6 percent from 4.9 percent in 2022, it was expected to slow to five percent this year.
Niger to set up protection force for 'strategic' sites
Niger's army says it is creating a special force to protect "strategic" sites, including uranium mines and oil wells, from "terrorist" attacks in the country plagued by jihadist violence since 2015.
As investment drive falters, Saudi milks Aramco 'cash cow'
A fresh offering of shares in Saudi Aramco, the Gulf kingdom's largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment. "The share sale happened now because the Public Investment Fund wanted to generate more cash to invest and Aramco is their cash cow," she added, referring to the Saudi sovereign wealth fund.
Economy
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