BUSINESS

The eurozone's worse-than-expected  GDP figures come as inflation and higher interest rates have curbed demand in top economy Germany

Eurozone In Recession At Start Of 2023

The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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Chris Licht has ended his tenure as head of CNN

CNN Chief Chris Licht Ends Turbulent Run At Network

Chris Licht, the embattled head of CNN, has stepped down "effective immediately," the network's parent company Warner Brothers Discovery announced Wednesday, as the global news outlet struggles to reverse a ratings decline.
Rwanda's President Paul Kagame ordered the sacking of two long-serving generals

Rwanda's Kagame Orders Major Military Purge

Rwandan President Paul Kagame has embarked on a major shakeup of the country's military, with a round of dismissals announced Wednesday after the appointment of a new defence minister, army chief and head of internal security.
The weak trade data is the latest to indicate China's economy is struggling

China's Exports Fall 7.5% In May, Adding To Stimulus Talk

China's exports fell in May for the first time since February, data showed Wednesday, breaking a two-month growth streak as a post-Covid rebound faded and adding to speculation that officials will unveil fresh stimulus measures.
US securities regulators sued Coinbase in the latest crackdown by authorities on the cryptocurrency market

US Steps Up Crypto Crackdown With Coinbase Suit

In their second major action against a big crypto player in two days, US regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk.

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