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Author's articles
US debt talks to resume after 'productive' Biden-McCarthy meeting
Negotiations to avert a catastrophic US debt default look set to go to the wire, with talks resuming Tuesday after President Joe Biden and the Republican speaker of the House failed to reach agreement ahead of a June 1 deadline. Both Biden and House Speaker Kevin McCarthy described Monday's talks as "productive," but said disagreement remained on key issues.
Private jets protest disrupts flights at Geneva Airport
Activists demonstrating against Europe's biggest private jets sales fair disrupted flights at Geneva Airport on Tuesday after chaining themselves to the planes on display. Speaking outside the airport perimeter, they insisted the intention had been to disrupt the sales fair and not regular commercial flights.
US new homes sales surged to high in April
New home sales in the United States defied expectations in April to reach a one-year high, the Commerce Department said Tuesday, fueled by increases in the south and the Midwest. New home sales cratered in the northeast in April, but were offset by a sharp increase in the south and Midwest, where sales rose by 17.8 and 11.8 percent respectively, month-on-month.
Climate protestors disrupt Shell shareholder meet
British oil and gas giant Shell faced a stormy shareholders' gathering Tuesday, as environmental protesters hit out over its pledge to tackle carbon emissions. Campaigners have slammed Shell over its goal to achieve net zero carbon emissions by 2050, accusing it of "greenwashing" or marketing as climate-friendly its operations.
How Ireland became EU's reluctant data privacy enforcer
Five years after the EU introduced a mammoth data privacy law to rein in big tech, Ireland's watchdog is its chief enforcer. And its enforcement is a challenge for Ireland, which has courted big tech with generous tax incentives.
Russia energy exports to China to grow by 40 percent: deputy PM
Russian energy deliveries to China were set to grow by 40 percent this year, Deputy Prime Minister Alexander Novak said Tuesday, as Moscow seeks to deepen ties with Beijing in the face of Western sanctions. Speaking at a Russian-Chinese Business Forum, Novak said energy was a key pillar of cooperation with China, adding that he expected supplies to grow by around 40 percent this year.
IMF says UK economy to grow this year in big U-turn
The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year, just one month after predicting a contraction. The news comes after the Bank of England forecast earlier this month that the UK economy would avoid recession this year despite the country's annual inflation stuck above 10 percent.
TikTok 'confident' of stopping Montana ban: CEO
TikTok is confident of stopping a ban in the US state of Montana, its CEO said on Tuesday, after the Chinese-owned social media app launched a legal challenge. The video-sharing app, owned by Chinese firm ByteDance, is accused by a swathe of US politicians of being under the tutelage of the Chinese government and a tool of espionage by Beijing, something the company furiously denies. th/kir
Eurozone economic growth slows in May
Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey published on Tuesday. Data from the flash Eurozone purchasing managers' index (PMI) survey published by S&P Global fell to 53.3 in May from 54.1 in April.
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