The China Mail - Economy

Austria's Eurovision winner receives hero's welcome

Austrian singer JJ returned to Vienna on Sunday to a hero's welcome, greeted by hundreds of cheering fans after winning the Eurovision Song Contest in Basel.

Control tower breakdown brings flight chaos to Paris airport

A control tower breakdown forced the cancellation of about 130 flights at Paris Orly airport Sunday, leaving thousands of passengers to scramble for alternative routes, officials said.

Paris kidnap bid highlights crypto data security risks

New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical danger", the platform at the centre of last week's Paris kidnapping attempt has claimed.

Kanye West's pro-Hitler song gets millions of views on X

A new song by rapper Kanye West glorifying Nazi leader Adolf Hitler has racked up millions of views on Elon Musk's X platform, after it was banned by other sites such as YouTube.

Eurovision says 'wait and see' on Celine Dion

Just hours before Saturday's Eurovision Song Contest grand final, organisers were tight-lipped about whether ailing superstar Celine Dion might make an emotional appearance, 37 years after winning the competition.

Eurovision triggers betting interest surge

The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of Saturday's giant glamfest in Basel.

Nigeria's Nollywood finally makes it into Cannes arthouse film fold

It has taken nearly 80 years, but a Nigerian movie will finally be screened in a hallowed official slot at the Cannes film festival Sunday.

Bono says Ukraine 'keeping us free' from fascism

Rock star Bono made an impassioned plea for the West to stand by Ukraine at the Cannes film festival, saying it was keeping Europe free from fascism.

'Alpha predator' sharks and humans clash on an Israeli beach

With its golden sand and blue waters, the beach front in central Israel looks much like any other stretch of Mediterranean coast, but a closer look reveals something unusual peeking through the rippling surf: black shark fins.

Lights, cameras, action at Eurovision Song Contest final

In a blaze of laser lights, artists from 26 countries were preparing to rip the roof off at Saturday's Eurovision Song Contest final, the world's biggest live music television event.

US loses last triple-A credit rating as Moody's cuts over govt debt

The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

US loses last triple-A credit rating as Moody's cuts on growing govt debt

The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

US Fed plans to cut workforce by 10% in next 'couple of years'

US Federal Reserve Chair Jerome Powell told staff on Friday that the bank plans to cut its workforce by around 10 percent in "the next couple of years," according to a memo seen by AFP.

Trump family hotel project in Serbia in doubt after forgery probe

The future of a luxury property development by Donald Trump's son-in-law in Belgrade has been thrown into doubt over suspicions that documents used to revoke the site's protected status were forged.

Stock markets seek to hold onto gains

Global stock markets struggled for direction on Friday as they sought to hold onto weekly gains fuelled by the China-US trade war hiatus.

Ozempic-maker Novo Nordisk says CEO to step down

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, said Friday its chief executive was stepping down in the wake of "market challenges".

Eurovision door still open for Celine Dion comeback

As excitement builds for Saturday's Eurovision final, one question looms large: could superstar Celine Dion, now in fragile health, make a show-stopping appearance, 37 years after winning the competition?

Ramaphosa's talks with Trump chance to reset tattered ties

South Africa's President Cyril Ramaphosa travels to the United States next week to meet Donald Trump in a bid to rescue deteriorating relations with a vital and increasingly critical trade partner.

APEC says 'concerned' over challenges to global trade

The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs.

APEC says 'concerned' over challanges to global trade

The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs.

Asian markets stagger into weekend as trade rally runs out of legs

Markets limped into the weekend as investors consolidated gains fed by the China-US trade war hiatus, having enjoyed one of their best weeks since Donald Trump unloaded his "Liberation Day" tariff bazooka last month.

Nose cone glitch wipes Australian rocket launch

An Australian aerospace firm said Friday it has scrubbed a historic attempt to send a locally developed rocket into orbit, citing a glitch in the nose cone protecting its payload -- a jar of Vegemite.

Oil prices fall on hopes for Iran nuclear deal

Oil prices fell Thursday while global equities were mixed after President Donald Trump said the United States was close to making a deal on Iran's nuclear program.

Eric Trump says father's energy policies will help crypto

US President Donald Trump's son Eric on Thursday assured the world's leading crypto conference that Washington would hoard "a tremendous amount of bitcoin," aided by his father's policies of slashing environmental protections to ramp up energy production.

US rests case in landmark Meta antitrust trial

The US government rested its case against Facebook-owner Meta on Thursday, as it tries to persuade a US judge that the tech giant bought Instagram and WhatsApp to neutralize them as rivals.

Coinbase expects data breach to cost it up to $400 mn

Coinbase on Thursday said criminals bribed and duped their way to stealing cryptocurrency from its users, then tried to blackmail the exchange to keep the crime quiet.

Protests mark buildup to Eurovision semi-final

The 16 competitors in the Eurovision Song Contest's second semi-final went through a last dress rehearsal marked by protests Thursday ahead of a show when six of them will crash out.

US set to lose $12.5 bn in foreign tourism in 2025: industry

The United States is on track to lose some $12.5 billion in revenue from foreign tourists this year, a tourism industry group said Thursday, as the Trump administration has led a crackdown in immigrants.

US retail sales little changed, signs of pullback after pre-tariff rush

Retail sales in the United States were near-flat in April, government data showed Thursday, with indications that spending is slowing after consumers rushed to beat higher prices from President Donald Trump's sweeping tariffs.

US Fed chair warns of potential for 'more persistent' supply shocks

Federal Reserve Chair Jerome Powell on Thursday warned of the possibility of "more persistent" supply shocks, as US central bankers met for talks against a backdrop of uncertainty kicked up by Donald Trump's tariff rollout.

New Cannes Festival policy bans actor accused of rape

The Cannes film festival barred an actor in a prominent French film from the red carpet on Thursday because of sexual assault allegations, unveiling a new policy under pressure from lawmakers and activists.

'Paradigm shift': Germany says to meet Trump's NATO spending target

Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.

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