Economy
Netherlands to select future attack submarines
The Netherlands was set to announce Friday who it has chosen for a multi-billion-euro contract to build four submarines for its navy, with a consortium headed by France's Naval Group favoured over German and Swedish rivals. The contract would be worth between 4 billion and 6 billion euros ($4.4-6.5 billion), according to newspaper De Telegraaf.
Asian markets sink on rate worries as US inflation surprises
Asian markets sank in line with Wall Street on Friday after a sharper-than-expected jump in US wholesale prices dealt a blow to hopes for interest rate cuts. The bank's dot plot estimates for rates through the rest of the year will also be closely examined, with markets pricing in three cuts -- in line with policymakers' most recent forecasts.
Patronage or conquest? Saudis move in on Egypt's culture
Saudi largesse is flooding Egypt's cultural scene, but the reception is mixed. Last month, the first "Saudi-Egyptian Night" -- a musical event at the Cairo Opera House -- caused a stir among Egypt's cultural critics.
Meghan Markle launches new lifestyle brand
Meghan Markle, the wife of Britain's Prince Harry, is launching a new lifestyle brand seemingly named after the couple's oceanside California home. Harry and Meghan, who is American, quit royal duties in 2020 and relocated to California.
Turkish ministers in Baghdad talks ahead of Erdogan visit
A high-ranking Turkish delegation held talks in Baghdad on Thursday, discussing key security and energy issues ahead of an expected visit by Turkey's president, Iraqi Foreign Minister Fuad Hussein said. "We discussed a wide range of bilateral and regional issues, and the upcoming visit," the Iraqi minister said on X, formerly Twitter.
US approves first drug for severe form of fatty liver disease
The US Food and Drug Administration (FDA) on Thursday approved the first medication for people with a severe type of non-alcoholic fatty liver disease. Madrigal Pharmaceuticals' Rezdiffra was shown to improve liver scarring in a clinical trial involving hundreds of people with non-alcoholic steatohepatitis (NASH), the worst form of the condition caused by a buildup of fat in the liver.
French parliament votes to slow down fast fashion
France's parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers. Key measures include a ban on advertising for the cheapest textiles, and an environmental charge slapped on low-cost items.
IMF chief Georgieva says 'available to serve' for second term
The managing director of the International Monetary Fund has told AFP she is making herself "available to serve" for a second five-year term running the Washington-based financial institution, shortly after she received the backing of European finance ministers.
Bitcoin not invented by computer scientist Wright: court
Australian computer scientist Craig Wright is not "Satoshi Nakamoto", the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled Thursday. "Dr Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011."
Economy
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