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US retail sales rise amid limited consumer tariff hit so far
US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers. Analysts described the report as solid, but some pointed to a greater risk of weakening in retail sales in the second half of 2025 following disappointing recent labor market data.
Deadline looms to avert Air Canada strike
Air Canada faced a midnight deadline Friday to avert a flight attendants strike that would shut down service, creating summer travel chaos for the carrier's 130,000 daily passengers. Air Canada detailed its latest offer in a Thursday statement, specifying that under the terms a senior flight attendant would on average make CAN$87,000 ($65,000) by 2027.
World's first humanoid robot games begin in China
The world's first-ever humanoid robot games began Friday in Beijing, with over 500 androids alternating between jerky tumbles and glimpses of real power as they compete in events from the 100-metre hurdles to kung fu.
Five things to know about Nigeria's oil sector
Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest crude producer. For decades, Nigeria has been shipping crude to Europe for refining, and the country experienced sporadic fuel shortages until the Dangote refinery came on board, resulting in improved supplies.
Asia stocks mixed before US-Russia summit
Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back ahead of a US-Russia summit on Ukraine. Oil prices dipped, reversing gains on Thursday ahead of Trump's Alaska summit with Russian President Vladimir Putin on ending the Ukraine war.
Trump's tariffs drown Brazil's fish industry
When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Fider Pescados, Brazil's second biggest exporter of tilapia, manages 400 fish ponds along the Rio Grande in the southeastern state of Sao Paulo, the country's most populous and richest.
Japan posts modest growth despite US tariffs
Japan eked out modest growth in the second quarter despite painful US tariffs, official data showed Friday, in welcome news to embattled Prime Minister Shigeru Ishiba. The cabinet office data also saw a revision upwards for its reading for the previous quarter to show an expansion of 0.1 percent.
LA 2028 to sell venue name rights in Olympic first
Organizers of the Los Angeles 2028 Olympics will sell naming rights for some competition venues to "unlock an additional revenue stream" in a move that breaks with Games tradition of forbidding brand names on stadiums and arenas.
Trump's tariffs have not reduced Panama Canal traffic -- yet
Tariffs imposed by US President Donald Trump on dozens of countries have so far not affected container ship traffic through the Panama Canal, its administrator said Thursday. Analysts have predicted that the aggressive policy will slow down traffic through the Panama Canal, through which five percent of all global shipping passes.
AFP
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