Economy
Kyrgyzstan's TikTok block builds censorship fears
In her photography studio in the capital of Kyrgyzstan, Aku Sharsheeva, tried unsuccessfully to connect to TikTok this week. Sharsheeva had used TikTok, which has more than one billion monthly users worldwide and is owned by Chinese tech giant ByteDance, to market her photography business.
Tesla to recall Cybertruck over acceleration defect
Tesla is recalling 3,878 Cybertruck vehicles because of a defect that can cause unintentional vehicle acceleration, increasing crash risk, according to a US notice posted this week. If the accelerator pedal becomes trapped, "the performance and operation of the pedal will be affected, which may increase the risk of a collision," Tesla said in the notice.
Nike's Germany kit deal 'inexplicable', says Adidas CEO
The sum reportedly paid by Nike to lure the German football team away from its historic partner Adidas was "inexplicable", the CEO of the German sportswear giant Bjorn Gulden told AFP in an interview. "If the numbers are right for what Nike paid the DFB, they are inexplicable for us" on the back of Adidas's own calculations, the Norwegian CEO said.
Oil surges, equities sink as Iran blasts fan MidEast escalation fears
Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran.
Mideast in 'shadow of uncertainty' due to regional conflicts: IMF
Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday. In the face of the ongoing conflicts in Gaza and Sudan, and a recent cut to oil supplies by Gulf countries, the IMF has pared back its growth outlook for the Middle East and North Africa (MENA) region once again.
IMF chief urges attention to war-ravaged Yemen, Sudan
International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.
Family affair: Two more Arnault sons join LVMH board
Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.
Taylor Swift's 'The Tortured Poets Department' set to drop
Taylor Swift is primed to release her highly anticipated record "The Tortured Poets Department" on Friday -- the 11th studio album from the megastar who is already having a blockbuster year. The working theory is that "The Tortured Poets Department" centers on her ex, British actor Joe Alwyn, who Swift dated starting in 2016 until they broke up about a year ago.
Norway's wealth fund posts $107 bln first quarter gain
Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday. Shares, which accounted for 72.1 percent of the fund's portfolio, saw a 9.1 percent return in the first quarter, buoyed by a stock market rally amid the prospect of falling interest rates.
Economy
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