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Turkey central bank holds key interest rate steady
Turkey central bank holds key interest rate steady
by  AFP

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. Erdogan has allowed Turkey's central bank to hike its main policy rate from just 8.5 percent before his re-election last May to 50 percent.

Five things we learned at the China Auto Show
Five things we learned at the China Auto Show
by  AFP

One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.

Labour pledges to renationalise UK railways
Labour pledges to renationalise UK railways
by  AFP

Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year. Labour has been pretty light on policy detail as it tries not to blow a huge lead over Prime Minister Rishi Sunak's Conservatives in opinion polls, and return to power after 14 years in opposition.

US to give Micron $6.1 bn for American chip factories
US to give Micron $6.1 bn for American chip factories
by  AFP

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday. Micron is set to invest up to $125 billion across both states over the next two decades "to build a leading-edge memory manufacturing ecosystem," according to the White House.

BHP launches $38.8 billion takeover bid for rival Anglo American
BHP launches $38.8 billion takeover bid for rival Anglo American
by  AFP

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector. Its longtime rival Anglo American has a market value of about $36 billion.

The Myanmar 'water brothers' salvaging shipwrecks on the tide
The Myanmar 'water brothers' salvaging shipwrecks on the tide
by  AFP

Diving into the darkness of the Yangon River, Than Nyunt starts another murky sortie in his months-long mission to salvage a sunken ship using the power of the moon. He says he has salvaged around 40 ships, from cargo boats to passenger ferries, since he started diving over four decades ago.