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French pensions strikes slow before March showdown
Turnout was sharply down on Thursday for new strikes in France against a bitterly opposed pension reform being debated in parliament, with union heads hoping for a bigger showdown to come. A petition opposing the reforms has gathered over one million signatures.
US wholesale price inflation rebounds on goods prices
Wholesale prices in the United States picked up more than expected in January, according to Labor Department data released Thursday, bumped up by goods costs and fueled by higher gasoline prices. A rise in prices for goods led the January advance, said the Labor Department, adding that a significant factor was gasoline prices.
French company charged over baby milk salmonella scandal
French food company Lactalis said Thursday it had been charged over a five-year-old global scandal in which dozens of babies fell sick from salmonella-contaminated powdered formula milk.
China remains Germany's biggest trade partner in 2022
China was Germany's biggest trading partner in 2022 for the seventh year in a row, figures published Thursday showed, as policymakers worry about economic over-reliance on Beijing. Fears have been growing in Germany about an over-reliance on China against the backdrop of tensions between the West and Beijing over its ties with Russia and human rights issues.
Nigerian president moves to try to ease cash crisis
Nigeria's President Muhammadu Buhari on Thursday defended a currency swap that sparked protests and cash shortages, but ordered old, small denomination 200 naira notes to remain in circulation in a bid to ease scarcities.
Lebanese protesters smash bank facades as crisis bites
Dozens of angry demonstrators attacked several banks in Beirut on Thursday after the Lebanese pound hit a record low, AFP journalists said, amid a deepening economic crisis. On Thursday, around 50 protesters smashed the facades of four banks and burned car tyres in the central Beirut neighbourhood of Badaro, AFP journalists at the scene reported.
Will Man Utd become football's latest Gulf-backed project?
Prospective new owners of Manchester United have until Friday to reveal their interest in buying one of the world's biggest clubs, with the British press reporting a bid from Qatar which, if successful, will send shockwaves through European football.
Airbus earns record net profit of 4.2 bn euros in 2022
European aircraft manufacturer Airbus said on Thursday profits soared to a record level in 2022 despite supply chain problems limiting its ability to raise production. Despite the continuing supply chain problem, the general outlook for the sector looks promising.
Inflation nibbles at Nestle margins
Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021. Net profits fell by 45 percent to 9.3 billion francs in 2022 but the comparison with 2021 is deceptive since the disposal of shares Nestle held in L'Oreal boosted 2021 earnings.
AFP
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