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'It's robbery': Salvadorans slow to adopt Bitcoin
Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and improve access to financial services. Economist Cesar Villalona told AFP that Bitcoin "does not exist in the local economy" in any significant way, because in El Salvador "everything" is paid in dollars: wages, services and goods.
Kugler confirmed as first Hispanic American on US Fed board
The US Senate confirmed Adriana Kugler on Thursday to a management position at the Federal Reserve, making her the first Hispanic-American to serve on the seven-person governing body in its 110-year history.
Apple shares fall on reports of China iPhone restrictions
Apple shares fell sharply for a second straight session Thursday following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities. Shares fell 3.6 percent on Wednesday after a Wall Street Journal report that China barred the use of Apple smartphones in central government agencies.
UK rejoins key European science programme after post-Brexit row
Britain and the EU said on Thursday they had struck a pact to allow British scientists back into the world's largest civilian science research programme after being frozen out in a post-Brexit row.
Philips says settles US claims over respirator recall
Philips said Thursday it had clinched a deal in the United States to settle claims related to a recall of sleep respirators that rocked the Dutch medical tech firm. Philips had previously announced in May that independent tests showed the sleep respirators at the centre of the massive recall were "unlikely" to harm patients.
UK rail firm admits failings over fatal rail crash
The company that owns and manages UK rail infrastructure on Thursday admitted health and safety breaches after a train derailment that killed three people in northeast Scotland. Network Rail -- an arm of the UK Department for Transport -- pleaded guilty to safety failings at a court hearing in Aberdeen.
Google faces £7 bn claim on behalf of UK consumers
Google is facing a new lawsuit in Britain, which accuses the US tech giant of stifling competition in the search engine market and causing prices to rise across the UK economy, a statement said Thursday.
Turkey touts market-friendly turn in global investment roadshow
Turkey's new Wall Street-trained finance chief will kick off a global investment roadshow at the G20 summit in New Delhi on Friday to drum up support for his rescue plan for the troubled emerging economy. Finance Minister Mehmet Simsek told reporters he would then travel to New York and European economic powerhouses Germany and Britain to meet with dozens of top chief executives.
Ryanair boss gets pied in Brussels
Ryanair boss Michael O'Leary got a rude welcome in Brussels on Thursday when he received two cream pies to the face while standing next to a cardboard cutout of EU chief Ursula von der Leyen. Ryanair's feed on X, the platform formerly known as Twitter, later posted that O'Leary got a "warm welcome in Brussels".
AFP
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