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US new home sales fall to six-year low
US new home sales fall to six-year low
by  AFP

US new home sales fell sharply in July to their lowest rate since early 2016, the government reported Tuesday, as rising lending rates cool demand. Mortgage rates have been climbing sharply in recent months as the Federal Reserve cranks up interest rates in its battle against surging inflation.

Lamborghini has already sold all its cars until 2024
Lamborghini has already sold all its cars until 2024
by  AFP

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods seemingly unaffected by global economic uncertainty. In late July, the world's top luxury consumer goods group LVMH also reported a jump in sales and profits in the first half of the year despite the uncertain economic environment. ys-fec/hmn/rox/bp

Cyprus says major gas find could boost European supplies
Cyprus says major gas find could boost European supplies
by  AFP

A new gas discovery off Cyprus could speed up exploitation of untapped resources and help secure supplies to Europe, Cypriot Energy Minister Natasa Pilides said Tuesday. The minister said she had contacted Eni and TotalEnergies to "find ways to optimally exploit this discovery".

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