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Swiss central bank cuts interest rates to zero percent
The Swiss National Bank cut interest rates to zero percent on Thursday as inflation cools and the franc strengthens, while the economic outlook has deteriorated. "The global economic outlook for the coming quarters has deteriorated due to the increase in trade tensions," the central bank said, adding that the outlook for Switzerland remained uncertain.
SpaceX Starship explodes during routine test
One of Elon Musk's SpaceX Starships exploded during a routine test late Wednesday in Texas, law enforcement said, in the latest setback to the billionaire's dream of turning humanity into an interplanetary species. The latest setback follows an explosion of a prototype Starship over the Indian Ocean in late May.
Shortages hit Nigeria's drive towards natural gas-fuelled cars
Motorists in Nigerian cities are spending hours, or even days, queuing for natural gas to power their cars after the government promoted its use as an alternative fuel. Murtala Ishola, who is in his early 60s, said he was used to queuing for hours to fill up his gas tank but recently it had become a days-long wait.
Asian stocks drop after Fed warning, oil dips with Mideast in focus
Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. Still, with no concrete signs of escalation, oil prices edged down after another volatile day on Wednesday.
Bolivia risks debt default without new funding: president to AFP
Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. Arce has dismissed calls to stand down over an economic crisis marked by a dire shortage of foreign currency, fuel and other basics.
Waymo looks to test its self-driving cars in New York
Google-owned Waymo on Wednesday said it has applied for a permit to start testing its self-driving cars in New York City, a first for the Big Apple. New York State law limits the use of autonomous cars to testing and does not allow Waymo to offer the kind of robotaxi services it provides in San Francisco, Los Angeles, Phoenix and Austin, a Waymo spokesperson said.
Lakers to be sold in record-breaking $10 billion deal: ESPN
The Los Angeles Lakers are being sold in a record-breaking $10 billion deal that makes the iconic franchise the highest-valued sports team in US history, ESPN reported Wednesday. Walter is the chief executive of holding company TWG Global which has built an impressive portfolio of professional sports teams, including the Los Angeles Dodgers and Los Angeles Sparks.
US approves Gilead's twice-yearly injection to prevent HIV
The US Food and Drug Administration on Wednesday approved Gilead Sciences' twice-yearly injection to prevent HIV, a move the company hailed as a major breakthrough in the fight against the sexually transmitted virus. The approval also comes as President Donald Trump's administration has slashed funding for HIV treatment and prevention programs both overseas and within the United States. ia/dw
Brazil says free of bird flu, will resume poultry exports
Brazil said Wednesday it was free of bird flu, paving the way for it to resume chicken exports to China and 20 other countries after a month-long suspension.
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