Economy
False GPS signal surge makes life hard for pilots
False GPS signals that deceive on-board plane systems and complicate the work of airline pilots are surging near conflict zones, industry employees and officials told AFP. A ground collision alert sounds in the cockpit, for instance, even though the plane is flying at high altitude -- a phenomenon affecting several regions and apparently of military origin.
US embrace of remote working empties offices, weighs on banks
The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks. With empty buildings in cities of all sizes, retailers servicing employees who used to work there are also under pressure, Powell added.
Dinar ban sparks cash crunch for Kosovo Serbs
Serb communities in parts of Kosovo are struggling to get their hands on dinars, jeopardising the salaries, pensions and social security payments that thousands there get from Belgrade. The move sparked anger in Belgrade, which does not recognise Kosovo's independence and continues to finance a parallel health, education and social security system for Serbs there.
China consumer prices rise in February for first time in six months
Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes.
US FDA approves Wegovy to cut risk of heart problems
The US Food and Drug Administration has given the green light for a popular anti-obesity drug to be used to prevent serious heart conditions for the first time, in a move likely to expand insurance coverage. The recent surge in popularity of anti-obesity drugs including Wegovy and Ozempic, which mimic a gut hormone to suppress appetite, has padded the profits of the companies that make them.
Expert says 'no immediate danger' from sunken ship off Yemen
The sinking of a bulk carrier carrying thousands of tonnes of fertiliser off Yemen after a Huthi missile attack poses "no immediate danger", an expert said Friday. The main concern is the fate of the thousands of tonnes of fertiliser, Logette said.
IMF chief Georgieva says she would be "honored" to serve a 2nd term
IMF chief Kristalina Georgieva said Friday that she would be "honored" to helm the Washington-based financial institution for a second five-year term if she is renominated by member states. "I am glad to report that she confirmed that it would be an honor for her to do that, as long as she receives support from IMF members," he said, in words later mirrored by Georgieva. da-md/bbk
Zelensky holds Istanbul talks with Erdogan on war, Black Sea
Ukrainian President Volodymyr Zelensky arrived in Istanbul on Friday for talks with Turkish counterpart Recep Tayyip Erdogan on the war with Russia and Black Sea grain shipments. The two leaders are to meet at the Dolmabahce Palace in Istanbul and hold a press conference on Friday evening, according to the Turkish presidency.
US hiring beats expectations with solid showing in February
Hiring in the United States was robust in February although unemployment crept up, government data showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn. In another encouraging sign that the economy is cooling, wage growth edged down, from 0.5 percent in January to 0.1 percent in February on a monthly basis.
Economy
Load more