Germany's economy grew slightly in the second quarter, an upgrade from a previous estimate of stagnation, revised official data showed Thursday, pushing back the spectre of recession.. Private spending rose 0.8 percent from the previous quarter as the end of Covid-19 restrictions brought more tourism and restaurant dining.
With its stated purpose to "create a sustainable world together", Japan on Saturday kicks off its aid conference for Africa, where rival China has invested heavily in recent years.. - An alternative to China - With a view to "accelerating Japanese investment in Africa", the conference will focus on three pillars: economy; society; and peace and stability, according to the official presentation.
Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes.. Market sentiment was also boosted by the Chinese government's Wednesday announcement of new policies to help sustain the recovery in the world's second-largest economy.
Elon Musk's lawyers jumped Wednesday on the revelations of a Twitter whistleblower to try to force the platform to surrender vast amounts of information for their fight to cancel the billionaire's buyout bid.. Even if Musk's experts come to a different conclusion about the number of spam accounts at Twitter, that would not amount to a breach significant enough to let him break the buyout contract, Twitter attorneys argue. gc-jm/sw
Attorneys for Elon Musk and Twitter squared off in court Wednesday over the key issue of fake accounts, showing potential battle lines for the trial over whether the Tesla boss can be forced to conclude his $44 billion buyout bid.. Even if Musk's experts come to a different conclusion about the number of spam accounts at Twitter, that would not amount to a breach significant enough to let him break the buyout contract, Twitter attorneys argue.
Twitter faced scrutiny from US market regulators over how the platform calculates the number of false or spam accounts, a topic at the heart of the firm's legal battle with Elon Musk.. The issue of fake and spam accounts is at the heart of the legal battle between Twitter and Tesla chief Musk.
Bus drivers in London are set to strike over pay for two days this weekend, their union announced on Wednesday, as decades-high inflation prompts walkouts across Britain's ailing economy.. Around 1,600 drivers from the London United bus company will stage the stoppage on Sunday and Monday over the traditional end-of-summer long weekend, the union Unite said.
A strike over pay at Britain's largest container port threatens to spark fresh delays and rising costs for companies and consumers alike, but logistics experts say there should be no product shortages.. "The port is not just Britain's largest, it is the largest by quite some margin as the port of entry for almost half of ocean freight into the UK," he said, warning that delays "will have a sustained pricing impact in an already inflationary market".
Orders for big-ticket US-manufactured goods were flat in July after four straight monthly increases due to a plunge in the volatile military aircraft category, according to government data released Wednesday.. The drop in military aircraft orders was offset by the 14.5 percent jump in non-defense planes, the report said. hs/wd
Google is breaking EU law by sending users of its email service Gmail direct advertising messages, activists said in a complaint sent to French regulators on Wednesday.. The group said under EU law, that kind of marketing was allowed only if users had consented.
