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Disney chief says Florida punishing its free speech
Disney chief says Florida punishing its free speech
Business and Economy
by  AFP

Disney chief Robert Iger on Monday said Florida's governor's is retaliating against the entertainment giant for exercising its right to free speech in an anti-business move that "seems really wrong." "Any action that thwarts those efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida."

Soaring inflation wallops Cubans already battling shortages
Soaring inflation wallops Cubans already battling shortages
Business and Economy
by  AFP

Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. For the equivalent of $1.42 in CUP, Castellanos can get 3.1 kilograms (seven pounds) of rice, a half-liter of oil, seven eggs, 1.3 kg of black beans, 2.7 kg of chicken and a packet of coffee for the month at a dedicated subsidized store.

ADB says developing Asia's growth to accelerate after China reopening
ADB says developing Asia's growth to accelerate after China reopening
Business and Economy
by  AFP

The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects. "Developing Asia's economic prospects are markedly improving on the rapid reopening in the People's Republic of China," the ADB said in its flagship outlook report.

Oil market surges on shock output cuts
Oil market surges on shock output cuts
Business and Economy
by  AFP

World oil prices soared Monday while equity markets mostly won modest increases after several top producers led by Saudi Arabia sprang surprise output cuts. The Kremlin also defended the decision, saying it was "in the interests of global energy markets for world oil prices to remain at a good level."

Mixed auto sales in US paint murky picture of car consumers
Mixed auto sales in US paint murky picture of car consumers
Business and Economy
by  AFP

Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior. "We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape and we sold more than 20,000 EVs in a quarter for the first time," Carlisle said, referring to electric vehicles.