NASA revealed the names on Monday of the astronauts -- three Americans and a Canadian -- who will fly around the Moon next year, a prelude to returning humans to the lunar surface for the first time in a half century.. Besides putting the first woman and first person of color on the Moon, the US space agency hopes to establish a lasting human presence on the lunar surface and eventually launch a voyage to Mars.
The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.. - Independent of the broader OPEC+ output policy, eight members of the bloc led by heavyweight Saudi Arabia announced they would cut a further 1.16 million barrels per day of production until the end of the year.
Luxury watchmakers are using Snapchat and bitcoin to woo Generation Z, unused to wearing something on the wrist, believing younger buyers could become a powerful driver of sales growth for top-end timepieces. . "More than 50 percent of sales in China are to Gen Z and Millennials," he told AFP. The brand has also carried out sales in bitcoin, including a 350,000-Swiss franc ($380,000) watch that sold for 10 bitcoins, which was then the equivalent price when the digital currency was booming.
Egyptian President Abdel Fattah al-Sisi met Saudi Arabia's de facto ruler on a brief visit late on Sunday, state media said, as the North African country grapples with severe economic difficulties.. Sisi's visit comes after Saudi Finance Minister Mohammed Al-Jadaan said in January that oil-rich Riyadh would stop providing unconditional aid to Egypt, setting off a brief spat between state-linked media in both countries.
Sergio Ermotti, back as chief executive of UBS to oversee the mammoth takeover of Credit Suisse, has gone from local apprentice to the two-time boss of a top global bank.. Back in 2020, Ermotti called the UBS chief executive role a dream job, but he will now find it "a much less comfortable chair", the daily said.
Turkey's annual inflation rate slowed to 50 percent in March, official data showed on Monday, delivering another boost for President Recep Tayyip Erdogan ahead May elections.. Turkey's official inflation rate is questioned by independent economists from the ENAG research group, which estimates that consumer prices increased at an annualised rate of 112.5 percent in March, down from 126.9 percent in February. fo/zak/lth
Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results.. "At the request of the Company, trading in the shares of the Company on the Stock Exchange will be suspended with effect from 9:00 a.m. on Monday, 3 April 2023, pending the publication of the 2022 Annual Results," the bank said in a stock exchange filing.
A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.. The economist, who declined to be named, said that government spending had gone on imports likely related to the conflict, as well as on salary arrears for public servants.
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Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.. "The production cut, coming at a time of an uncertain global demand environment clearly shows OPEC was not happy with the movement in the oil price which had fallen over recent months," said National Australia Bank's Tapas Strickland.
