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China winter sports sector zooms along despite climate risk ahead
Packed slopes, plush turtle butt pads and 11-dollar passes: this is low-cost skiing in China, where winter sports are on a government-greased track to take in a projected $137 billion this year. The cheapest daytime passes at the two-slope ski area cost around $11 for two hours, including gear hire.
Trump tariffs loom large in South Korea's 'steel city'
Smoke billows from chimneys as factories churn in South Korea's steelmaking heartland, now under threat from Washington's swingeing new tariffs on the port city's largest export. It is home to the nation's top steelmaker, POSCO, a major force in South Korea's industrialisation and development as an export powerhouse, alongside giants like Hyundai Steel and Dongkuk Steel.
Spanish tourist hotspot Malaga to ban horse-drawn carriages
A pair of tourists admire the shimmering Mediterranean from their horse-drawn carriage on the seaside promenade in Spain's southern port of Malaga -- a postcard image whose days are numbered. Animal rights activists criticise horse-drawn carriages for tourists because of the strain they put on the animals, especially during the searing summer heat.
OpenAI board rejects Elon Musk-led buyout offer
OpenAI's board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company for $97.4 billion. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," chairman of the board Bret Taylor said in a statement posted by the company on Musk-owned X, formerly Twitter.
Russian central bank sharply raises inflation forecast
Russia's central bank sharply raised its inflation forecast for 2025 on Friday, warning there was no sign rocketing price increases would go into reverse. Prices are now expected to go up between seven to eight percent this year, compared with an earlier forecast for 2025 of between 4.5 to five percent, the central bank said in a statement.
US retail sales see biggest drop in nearly two years on harsh weather
US retail sales plunged by the most in almost two years last month as cold weather hit the country alongside wildfires in California, data showed Friday, reflecting broad declines while President Donald Trump returned to office.
Tunisian startup takes on e-waste challenge
Engineer turned social entrepreneur Sabri Cheriha hunches over a washing machine at a small depot in a suburb of Tunisia's capital, the unassuming home of a startup he launched to tackle the country's mounting electronic waste problem.
Bordeaux wine harvest drops to lowest level since 1991
Cold weather, disease and capacity cuts pushed wine production in France's Bordeaux region last year to a low not seen in three-and-a-half decades, the local industry body said Friday. Unfavourable weather, especially episodes of frost, weighed on production, while a high level of rainfall in the spring favoured the spread of disease, notably mildew.
Alibaba shares soar on reports of potential Xi meeting with Jack Ma
Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut's co-founder Jack Ma. Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it would supply AI technology to power Apple's iPhones in China.
AFP
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