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French fuel shortages spark warnings as strike hardens
Striking French refinery workers vowed Friday to pursue blockades after spurning a pay offer from industry leader TotalEnergies, prompting alarm over spreading fuel shortages ahead of broader protests in the coming days.
Pound slides amid UK political drama
The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic policy U-turn, while an equity rally ran out of steam.
'Beginning of the end': Iran activists call for new protests
Iranian activists called for fresh nationwide protests over the death of Mahsa Amini, as the movement entered a fifth week on Friday despite a crackdown that has killed dozens.
Kroger unveils $24.6 bn deal to create supermarket giant
Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would create a supermarket giant but could face tough regulatory scrutiny.
UK's Truss fires finance minister as budget plan in ruins
British Prime Minister Liz Truss on Friday fired her finance minister and abandoned the key plank of her right-wing economic platform, battling to salvage her new government as restive Conservatives plotted her own demise.
French football chiefs promise checks after workers' conditions in Qatar exposed
French football authorities said Friday they would carry out their own checks on the working conditions of migrant workers in Qatar ahead of the World Cup after new revelations in a TV documentary.
UK's Truss fires finance minister as economic plan in tatters
British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for turmoil sparked by her right-wing economic platform as restive Conservatives plotted her own demise.
JPMorgan Chase reports lower profits, warns of economic 'headwinds'
JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan defaults and highlighted the rising risk of recession.
Equities soar despite hot US inflation, pound dips on uncertainty
Asian and European equities rallied Friday despite news of surging US inflation, while the pound dipped on uncertainty over Britain's controversial budget.
Royal Mail plans up to 10,000 job cuts
British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing staff strikes that contributed to a first-half loss.
UK's Truss to face media as chaos engulfs economic plan
British Prime Minister Liz Truss will on Friday hold her first news conference, Downing Street said as her finance chief rushed home from Washington to contend with market turmoil and civil war in the ruling Conservatives.
French fuel shortages take toll as strike standoff hardens
Striking French refinery workers vowed Friday to maintain their blockades after rejecting a pay offer from oil giant TotalEnergies, raising the spectre of worsening fuel shortages ahead of a general public-sector strike next week.
Markets surge after sharp Wall St swing, pound holds gains
Equities rallied Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.
Danone plans to withdraw from most of its business in Russia
French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in Russia, retaining only its infant nutrition branch.
Pacquiao says exhibition fight 'my comeback to the ring'
Manny Pacquiao called an exhibition fight in December against a South Korean YouTuber "my comeback to the ring," saying he wants to show he "is still there in boxing."
Revolutionary manga 'The Rose of Versailles' turns 50
Japanese manga "The Rose of Versailles" features elaborate outfits, palace intrigues and passionate romances set against the backdrop of the French Revolution, but it also has its own revolutionary credentials.
Maradona's 'Hand of God' ball to go up for auction
The ball that Diego Maradona used to score his infamous "Hand of God" World Cup goal for Argentina against England in 1986 will go under the hammer next month and could fetch up to £3 million.
China consumer inflation rises to two-year high
China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices and as extreme weather hit farmers.
Asian markets surge after sharp Wall St swing, pound holds gains
Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.
Singapore's economy grows 4.4% in Q3
Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while warning of ongoing global challenges such as inflation.
Russia to help people leave annexed region as Kyiv advances
Russia agreed Thursday to help residents leave a region it "annexed" in a sign of success for Ukraine's counter-offensive, as the EU warned Moscow's army would be "annihilated" if the Kremlin uses nuclear weapons.
Zelensky seeks legal mechanism to punish all Russian 'murderers'
Ukrainian President Volodymyr Zelensky on Thursday stressed the need to punish all Russian "murderers and torturers" and appealed for more air defence systems to fight Moscow's renewed offensive.
French strikes spread as Macron's opponents push for 'confrontation'
French railway workers and civil servants voted Thursday to join striking oil refinery staff with a walkout next week, raising fears that anger over the rising cost of living could spiral into a series of blockages.
Netflix to debut subscription with ads
Netflix on Thursday said a subscription option subsidized by ads will debut in November in a dozen countries as the streaming service strives to jumpstart growth.
Braving rockets, Iraq MPs elect president who names PM after year of deadlock
Despite a rocket attack on Baghdad's Green Zone, Iraqi lawmakers Thursday elected a new president who swiftly named a prime minister in hopes of ending a year of political gridlock and violence in the war-scarred nation.
David Hockney ode to French Riviera sells for £24 million
David Hockney's 1969 painting "Early Morning, Sainte-Maxime", inspired by a French Riviera sunrise, sold for over £24 million ($27.3 million) at a London sale Thursday -- more then double the pre-sale estimate.
At IMF, UK gets lecture on having 'coherent' fiscal policy
Britain has had its knuckles rapped over its controversial debt-fueled budget at the IMF's annual meetings, with the crisis lender's chief urging London on Thursday to maintain "coherent and consistent" policies.
Kenya denies defaulting on China railway debt
Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for the construction of a railway line from the port city of Mombasa that opened in 2017.
Stocks bounce after key US inflation data
Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September, before quickly bouncing higher.
Inflation maintains grip on US with new jump in September
Inflation kept its hold on the US economy in September, jumping more than expected according to government data Thursday that adds to the headwinds facing President Joe Biden's Democrats shortly before midterm elections.
Yen hits lowest level against dollar since 1990
The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more aggressive interest rate hikes from the Federal Reserve.
Germany agrees to replace cheap national transport ticket
Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket rolled out over the summer to curb inflation and cut carbon emissions.
Long-lost London book by Nazi-supporting French author released
The second installment of long-lost manuscripts from famed French author -- and notorious Nazi supporter -- Louis-Ferdinand Celine were published on Thursday, based on his time in London.
Ukraine restores power supplies after Russian missile salvos
Ukraine said Thursday it had reset its power grid after mass Russian strikes on energy facilities as Turkey held back on an expected offer to mediate talks between Moscow and Kyiv.
US inflation persists, higher in September over prior month
US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign that pricing pressures have become more intractable despite aggressive central bank action.
UK baby murder accused wrote 'I killed them', court told
Police probing a spate of baby deaths at a UK hospital found a note stating "I am evil I did this" at the home of a nurse accused of killing them, a court was told on Wednesday.
'Challenging' year for Ikea, 10,000 layoffs in Russia
Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a "challenging" year due to inflation and scaling back in Russia.
Weak pound is major draw at London's Frieze art fair
As the global art world descends on London's Frieze fair this week, the current low value of the UK pound makes buying art in Britain particularly attractive for overseas collectors and dealers.
India's Infosys plans $1 bn buyback on strong profits
Indian outsourcing behemoth Infosys approved a $1 billion share buyback on Thursday after strong quarterly profits that reflected sustained demand for digital services.