Nestle sales slump under strong franc but volumes recover
Nestle, the food giant whose brands include Nespresso coffee and Perrier water, saw first-quarter sales figures slump due to the strong value of the Swiss franc and a baby formula recall, but sales volumes overall edged higher.
Read moreOil prices jump, stocks retreat as US-Iran peace talks stall
Oil prices and the dollar jumped Thursday while most equity markets slid as the United States and Iran appeared no closer to resuming peace talks.
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18 injured, five critically, in head-on train crash in Denmark
Two commuter trains collided head-on near the Danish capital early Thursday leaving five critically hurt and 13 others with lesser injuries, officials said.
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Africa faces 86 mn tonne fuel shortfall by 2040: AFC
The Iran war has exposed Africa's vulnerability to fuel chokepoints and is heading for a 86 million tonne fuel shortfall by 2040, the Africa Finance Corporation (AFC) said Thursday.
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Reggae icon Meta to headline Stereo Africa Festival in Dakar
Rising reggae star Meta Dia will headline this year's Stereo Africa Festival in Dakar celebrating contemporary African music and the sounds of the diaspora.
Read moreIran defies US blockade to claim tolls from Hormuz shipping
Iran has banked the first proceeds from the tolls it is exacting on shipping through the Strait of Hormuz, a senior official said Thursday, as disruption triggered by the US-Israeli war against the Islamic republic continued to batter the world economy.
Read morePentagon denies clearing Hormuz Strait mines will take six months
The Pentagon blasted as cherry picking and false on Thursday a news report saying that the department assessed it could take six months to completely clear the Strait of Hormuz of Iranian-laid mines.
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17 injured, five critically, in head-on train crash in Denmark
Two commuter trains collided head-on near the Danish capital early Thursday leaving five critically hurt and 12 others with lesser injuries, emergency services said.
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Iran economy looks set to withstand US naval blockade
A US naval blockade of Iranian ports is likely to squeeze Iran's oil output in the coming weeks but claims it will throw the Islamic republic into economic free fall remain premature, analysts say.
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EssilorLuxottica sales slide as investors turn wary of AI glasses
Shares in EssilorLuxottica, the world's top maker of eyeglasses, slid on Thursday as analysts said investors have turned wary of AI glasses.
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