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Author's articles
US Fed's favored inflation gauge ticks higher as fuel costs rise
The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but a metric stripping out volatile food and energy prices continued to ease.
Impact of Baltimore port closure on global supply chains
The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain. While the bridge incident will have "little to no impact" on US refined oil products, shipping fuel supplies "could tighten" on the Atlantic Coast as vessels refuel outside Baltimore, S&P said. lem/ak/lth/gil
Disinformation targeting Brigitte Macron spreads beyond France
Years after false posts began circulating on social media purporting Brigitte Macron is a transgender woman, the French first lady remains the target of fake claims with the transphobic disinformation spreading to the United States.
Turkish Airlines returns to Libya after near decade-long break
Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended over security concerns in the conflict-torn country. Turkish Airlines flies to 130 countries and 346 destinations.
Fragile South Sudan risks turmoil over oil disruption: experts
Oil-dependent South Sudan is at risk of economic and political turmoil over the shutdown of a key pipeline in its war-torn neighbour, Sudan, experts have warned. Boutros Magaya, head of a South Sudanese parliamentary sub-committee on petroleum, warned of the "grave implications" of the shutdown on people's livelihoods and security and that the country faced an "imminent economic crisis".
Armenian banks to ditch Russian cards over US sanctions
Armenian banks on Friday said they would stop processing transactions made by Russian Mir payment cards due to Western sanctions imposed on Moscow for its invasion of Ukraine. In September 2022, the US Treasury Department threatened foreign banks with secondary sanctions for servicing Mir cards, a Russian card payment system.
Chinese tech giant Huawei says profits more than doubled in 2023
Chinese tech giant Huawei on Friday said its profits more than doubled in 2023, as it ramps up efforts to bounce back a year that saw the company apparently defy US sanctions with the release of a high-end smartphone. The rise in profits follows a year in which the firm raised eyebrows in Washington with the release of its Mate 60 Pro smartphone.
Vietnam Q1 growth hits five-year high on strong exports
Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports. A major global manufacturing hub, Vietnam also earned $93 billion from goods exports in the first quarter, up 17 percent year-on-year.
In Canada's Quebec, residents miffed over mining boom
Canada's Quebec province is rich with minerals needed for everything from electric cars to cell phones, but residents living atop the potential windfall are worried their backyards will be dug up -- and they won't get a dime. The southern areas of the province -- where most of the population lives -- is the most sought after.
AFP
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