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US trade gap widens to largest in 18 months
The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. This was the largest deficit since October 2022, according to official data.
Boeing Starliner spacecraft springs more leaks on way to ISS
Boeing's Starliner crew capsule, which is making its way to the International Space Station on its first mission carrying astronauts, has developed two helium leaks since entering orbit but remains stable and on course for docking, NASA said.
Russian central bank chief calls for 'open economy'
Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive. At a panel discussion on Thursday, Nabiullina said Russia must prioritise "ensuring the openness of our economy."
Swiss renewable energy battle moves to the ballots
Switzerland's largest wind farm, sitting astride the ridge of the Jura mountains by the French border, consists of only 16 turbines -- tiny compared to those of other European countries. Switzerland's largest party, the hard right Swiss People's Party (SVP), has also backed the vote, warning that implementing the law could threaten Swiss energy security.
Solar investment outstrips all other power forms: IEA
More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday. Combined investment in renewables and nuclear for electricity generation is now set to reach 10 times the amount going to fossil-fuel power, led by solar, with China investing the biggest share.
Harry Potter offers magical boost to UK tourism
Sam Thorne guides Harry Potter fans through the gothic streets of Edinburgh, where controversial author JK Rowling dreamt up the boy wizard more than three decades ago. Thorne's popular guided walk ends on the colourful Instagram-friendly Victoria Street... in front of two heaving Potter merchandise shops thronged by muggles, or non-wizards.
ECB to start cutting rates from record highs
The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. The central bank will also release its own updated forecasts for growth and inflation on Thursday, which will feed into rate-setters' debate about their next move.
Asian markets track Wall St record as US jobs fuel rate cut hopes
Asian markets extended a surge on Wall Street Thursday as another round of soft US jobs data ramped up bets on the Federal Reserve cutting interest rates this year. "The 'dots' are likely to cluster around one or two interest rate cuts this year," Capital Economics' Stephen Brown said.
Chile's lithium dreams raise water concerns in the desert
As night falls in Chile's Atacama desert, the world's driest, a drilling machine extracts brine to measure levels of lithium -- a crucial mineral for the global switch to cleaner energy, but harmful in its own way. Chile is seeking to retake its position as the world's top lithium producer, but environmentalists fear extraction in the Atacama desert will harm fragile ecosystems there.
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