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Author's articles
Starbucks names Chipotle boss Brian Niccol as new CEO
Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role. Niccol will start in his new role on September 9, with Starbucks chief financial officer Rachel Ruggeri serving as interim CEO until then. bys/bfm
Senegal media sound alarm with news blackout
Senegalese news organisations widely heeded a call Tuesday for a news blackout to protest against economic measures by the new government which they say threaten the industry. At a newspaper kiosk in the centre of the capital Dakar, Homere Badiane said he empathised with the organisers of the protest.
Poland signs $10 bn deal for US Apache attack helicopters
Poland signed Tuesday a $10 billion deal to buy 96 Apache attack helicopters from US manufacturer Boeing, announcing the latest upgrade to Warsaw's military capabilities. "This is the landmark purchase by Poland for its armed forces of... 96 state-of-the-art AH-64E Apache attack helicopters," Defence Minister Wladyslaw Kosiniak-Kamysz told reporters.
Mercedes-Benz Korea discloses EV battery makers after fire
Mercedes-Benz Korea released the names of its electric vehicle battery suppliers on Tuesday, bowing to public outrage after one of its cars burst into flame in a parking lot earlier this month. The Mercedes-Benz model EQE 350 that exploded into flames had a battery from Chinese manufacturer Farasis Energy, Mercedes Korea disclosed on its website Tuesday.
Asian stocks build on gains ahead of US inflation data
Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.
Fitch downgrades Israel citing war in Gaza
US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. "The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts," Fitch said in a note.
Waste into gold: Oyster shells repurposed as magic 'Seawool'
Growing up on Taiwan's west coast where mollusc farming is popular, Eddie Wang saw discarded oyster shells transformed from waste to function -- a memory that inspired him to create a unique and environmentally friendly fabric called "Seawool". The Made-in-Taiwan fabric would not be possible without the island's unique oyster farming culture, Wang said.
Asian markets mixed as focus turns to US inflation data
Asian markets were mixed Monday as investors try to move on from last week's upheaval that was fuelled by US recession worries, with focus on the release of key inflation and retail data. Comments last week aimed at reassuring investors that it would not move while markets were volatile helped settle some nerves.
Do I need it? 'Underconsumption core' trends on TikTok
Exhausted from a rising cost of living in the United States and non-stop ads, some young adults on TikTok are pushing back. Over half of Gen Z adults -- age 18 to 27 -- polled in a 2024 survey by Bank of America stated the high cost of living as a top barrier to their financial success, adding that many do not make enough money to live the life they want.
AFP
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