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CEO of Germany's Thyssenkrupp to step down, shares hit
Thyssenkrupp's chief executive Martina Merz is stepping aside early, the German industrial giant said Monday, in a surprise announcement that sent the company's shares into a nosedive. Thyssenkrupp's shares dropped 12 percent on the Frankfurt Stock Exchange following the news.
Sunak seeks to boost business links amid crisis
British Prime Minister Rishi Sunak sought to repair the government's tarnished economic record Monday, reaching out to the business community rocked by a scandal engulfing the Confederation of British Industry. Business Connect will look to boost economic growth, Sunak insisted Monday before an audience of more than 200 high-profile chief executives and business figures.
Staying zen with 'slow design' at Milan Furniture Fair
"Slow design" was all the rage at this year's Milan Furniture Fair, featuring sustainable creations made with carefully selected and hand-crafted natural materials in sharp contrast to industrial manufacturing. "Everything is made by hand.
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover
China approves coal power surge despite emissions pledge: Greenpeace
China has approved a major surge in coal power so far this year, prioritising energy supply over its pledge to reduce emissions from fossil fuels, Greenpeace said Monday.
European summit to spur wind energy production in North Sea
Nine European countries are holding a summit Monday aimed at scaling up wind power generation in the North Sea, spurred by the fall-out of the Ukraine war and the push for renewables. Dozens of bosses of energy and wind turbine companies are also participating in the summit, to suggest ways the governments can boost their countries' North Sea energy production.
Asian stocks mixed ahead of tech earnings results
Asian stocks were mixed on Monday following a muted finish on Wall Street last week, with investors holding their breath ahead of key earnings results from US tech behemoths. Wall Street ended slightly up on Friday after a relatively calm week as a wait-and-see mood took hold of markets ahead of earnings data from the likes of Amazon, Microsoft, Google parent Alphabet and Facebook owner Meta.
After settlement, new challenge for Fox News: A disinformation expert
Among the challenges still facing Fox News after its jaw-dropping settlement of a defamation case is a lawsuit planned by a high-profile disinformation expert, who is crowdfunding her way to court after a firestorm of harassment and abuse.
Giant SpaceX rocket leaves crater, serious damage at Texas base
Flying chunks of concrete, twisted metal sheets, craters blasted deep into the ground: the thunderous power of SpaceX's first test flight of Starship -- the biggest and most powerful rocket ever built -- inflicted serious damage on its Texas launch site.
AFP
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