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Youthful, gaming-obsessed Saudi seeks homegrown hit
Young Saudis wander through a museum of video game history stretching from the original Pac-Man to PlayStation 5, a project intended to inspire them to create their own blockbuster titles. - Early days - Youthful Saudi Arabia appears ripe for the video game market, with nearly two-thirds of the non-immigrant population aged under 30.
Libya lights up after years of power cuts
It's midnight just before the weekend.
Pressure mounts on Country Garden despite temporary reprieve
Country Garden creditors have approved postponing the repayment of a key loan, narrowly avoiding a potential default, Bloomberg reported Saturday. But bondholders voted to postpone that deadline to 2026 to allow the group to recover financially, according to Bloomberg.
China's Country Garden wins vote on debt to avoid default: Bloomberg
Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment, narrowly avoiding a potential default, Bloomberg reported Saturday. But late Friday, bondholders agreed to postpone Saturday's repayment deadline until 2026, Bloomberg reported.
Canada wildfires inflict brutal toll on tourism, other areas of economy
Joanna Schlosser found refuge from advancing wildfires at a winery where she works, but is now dealing with a tourism downturn and other wide-ranging fallout on the business -- and Canada's economy. "We're now facing a pretty devastating season in terms of winery traffic and sales," said Schlosser.
Mohamed Al-Fayed: Egyptian tycoon who craved 'Establishment' approval
Few things were beyond the reach of billionaire Egyptian tycoon Mohamed Al-Fayed who has died at the age of 94. For years afterwards, Fayed refused to accept the deaths were the result of speeding and intoxication by Paul, who also died.
Kenya unveils plans for nationwide e-bike scheme
Kenya unveiled Friday plans to roll out electric motorbikes across the country under a green transport scheme to reduce carbon emissions and pollution. It said in a statement it plans to set up 3,000 battery charging and swapping stations in Kenya, in addition to 350 already across Africa, with a planned rollout eventually of more than one million electric vehicles throughout the country.
Brazil economy slows, but beats forecasts again in Q2
Brazil's economic growth slowed to 0.9 percent in the second quarter, officials said Friday, but once again beat expectations in a fresh boost for President Luiz Inacio Lula da Silva. Brazil's economy also beat forecasts in the first quarter, when it expanded by 1.8 percent -- revised down Friday from an initially reported figure of 1.9 percent.
US hiring rises unexpectedly but labor market shows signs of cooling
Hiring in the United States logged a surprise jump last month, government data showed on Friday, but unemployment rose to the highest level since early 2022 as the economy shows signs of cooling. On Friday, Labor Department data showed that average hourly earnings in August rose 0.2 percent, slower than the month before.
AFP
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