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US cuts Swaziland from lucrative trade pact

The US has cut Swaziland from a lucrative duty-free trade programme because of concerns about crackdowns on peaceful demonstrations and poor protection of workers' rights.

Read more: US cuts Swaziland from lucrative trade pact

   

US court blocks #Argentina debt payout

Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a US federal court has decided not to let the payment go through.

Read more: US court blocks #Argentina debt payout

   

Gaza public servants strike over pay dispute

An estimated 40,000 public servants hired by the Palestinian group Hamas have gone on strike in the Gaza Strip.

Read more: Gaza public servants strike over pay dispute

   

US economy 'shrank sharply' after winter

The US economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.

Read more: US economy 'shrank sharply' after winter

   

Nigerians reject #Shell compensation offer

Nigerians affected by two major oil spills in the country in 2008 have rejected an offer by the Royal Dutch Shell for a compensation of up to $51m.

Read more: Nigerians reject #Shell compensation offer

   

S&P downgrades Argentina's credit rating

Standard & Poor's has cut Argentina's credit rating, saying the country was more likely to default after the US Supreme Court rejected its appeal to avoid paying certain bond investors.

Read more: S&P downgrades Argentina's credit rating

   

#GM to recall another 3 million cars

General Motors has recalled 3.36 million North American cars with ignition switches that can be jarred out of the "run" position, potentially affecting power steering, power brakes and air bags.

Read more: #GM to recall another 3 million cars

   

#Russia cuts gas supplies to #Ukraine

Ukraine's energy minister says Russia has cut off all natural gas supplies to his country, adding however that he guarantees reliable gas flows will continue to Russia's European clients who get imports through pipelines via Ukraine.

Read more: #Russia cuts gas supplies to #Ukraine

   

US approves BP to use first commercial drones

The US Federal Aviation Administration (FAA) has allowed the oil company BP to use drones over US territory, the first time the agency has granted permission for commercial drone flights.

Read more: US approves BP to use first commercial drones

   

Emirates scraps order for 70 Airbus A350s

Dubai's Emirates airline has delivered a blow to European aerospace group Airbus, cancelling an order for 70 new-generation A350 airliners.

Read more: Emirates scraps order for 70 Airbus A350s

   

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