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Markets waver on inflation worry; oil rebounds from losses
Asian and European stock markets wavered on Wednesday, as traders digested Wall Street losses and data showing that runaway inflation shows no sign of easing.
Danes begin voting on joining EU's common defence policy
Traditionally eurosceptic Denmark began voting Wednesday in a referendum on whether to overturn its opt-out on the EU's common defence policy after Russia's invasion of Ukraine.
US investment fund RedBird to buy Serie A champions AC Milan
AC Milan said Wednesday that its current owners, investment fund Elliott Management, have agreed to sell the newly-crowned Italian A champions to rival fund RedBird for 1.2 billion euros ($1.3 billion).
Asian markets mixed on inflation worry, oil bounces after drop
Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.
Singaporeans in a flap at Malaysian chicken export curbs
Long queues at stalls selling a popular chicken dish, increasing prices and warnings about supply disruptions -- Singaporeans are in a flap due to curbs on poultry exports from neighbouring Malaysia.
Asian markets mixed on inflation worry, oil edges up after drop
Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.
Morocco economic rebound threatened by drought, Ukraine war
A withering drought and poor harvests plus price hikes fuelled by the war in Ukraine are threatening Morocco's fragile economic recovery and exposing structural weaknesses, experts say.
Venezuela's stuffed toy 'hospital' brings joy to kids
Judith, a 90-year-old great-grandmother in Venezuela, examines a stuffed animal meticulously in her hands before finding a hole.
Texas law against blocking online posts on hold for now
The US Supreme Court on Tuesday put back on hold a controversial Texas law barring social media platforms from "censoring" posts based on viewpoints.
Workers recall rape, beatings at VW Brazil unit: prosecutor
Victims forced to work in slave-like conditions at a Brazilian property owned by Volkswagen during the country's dictatorship recount "grave and systematic" abuses, including rapes, beatings and being tied to trees, a prosecutor said Tuesday.
Global chip shortage likely to last through 2023: US official
The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.
Spain partially reopens enclaves to Moroccan workers
Spain opened the borders of its North African enclaves Ceuta and Melilla to Moroccan workers on Tuesday, two years after their closure and following the resolution of a drawn-out diplomatic crisis.
US consumer confidence deteriorated in May: survey
Americans' feelings about the economy deteriorated in May amid concerns about job prospects, but remained relatively strong even as high inflation bites, according to a survey released Tuesday.
Biden, Fed chair discuss US inflation at White House
President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve, Jerome Powell, to discuss soaring inflation and White House attempts to tame the politically damaging price surge ahead of midterm elections.
India growth slows on inflation, higher oil prices
India's growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.
Eurozone stocks sink as inflation accelerates to record high
Eurozone equity markets sank Tuesday on news that the region's inflation rate has spiked to another record high in May on fallout from Russia's invasion of Ukraine.
Eurozone inflation soars to new record over Ukraine war
Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.
Shanghai prepares to lift more Covid curbs after lengthy lockdown
Shanghai authorities said Tuesday they will lift more restrictions in steps to return the Covid-hit city to normality, after two months of heavy-handed restrictions that throttled businesses and locked down residents.
French ex-chambermaid runs for MP after labour battle
Former chambermaid Rachel Keke took on her employers and won a gruelling battle for better working conditions in the Paris hotel where she cleaned. Now she's running to be an MP.
French economy shrinks as inflation dents confidence
France's economy contracted in the first quarter under the impact of soaring inflation, data showed Tuesday, increasing the risks for President Emmanuel Macron in key parliament elections less than two weeks away.
Markets mixed as inflation, rate worries temper rally
Stock markets were mixed Tuesday as investors battled to maintain a global rally, with inflation still niggling over a pick-up in oil prices while a top Fed official pressed for a series of sharp rate hikes.
Israel signs UAE free trade deal, its first in Arab world
Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country, building on their US-brokered normalisation of relations in 2020.
Asian markets mixed as inflation, rate worries temper rally
Asian markets were mixed Tuesday as investors battled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.
Starling bank's Anne Boden takes fintech out of London
Gazing out from the new offices of online bank Starling, Anne Boden sees the familiar, modest surroundings of the Welsh capital Cardiff rather than the skyscrapers of London's City financial district.
Asian markets swing on new inflation, rates concerns
Asian markets fluctuated Tuesday as investors struggled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.
Denmark votes on scrapping EU defence opt-out
After staying out of the European Union's common defence policy for 30 years, Denmark votes Wednesday in a referendum on whether to overturn its opt-out after Russia's invasion of Ukraine.
Mexico president's tourist train suffers new legal blow
A Mexican judge has indefinitely suspended construction of part of President Andres Manuel Lopez Obrador's flagship tourist train project in the Yucatan peninsula on environmental grounds, campaigners said Monday.
Equity markets extend rally as China eases curbs
Stock markets in Asia and Europe were higher Monday as investors were cautiously optimistic, despite concerns over inflation, as China eases some of its strict Covid curbs in Shanghai and Beijing.
Norwegian buys 50 Boeing 737 MAX, ending dispute
Low-cost carrier Norwegian Air Shuttle said Monday it would buy 50 Boeing 737 MAX 8 planes, ending a dispute between the companies and helping revive the US-made aircraft after two deadly crashes.
Thousands quarantined after Beijing man breaks Covid rules
A Beijing man has landed thousands of his neighbours in quarantine after he ignored an order to stay at home and later tested positive for Covid, prompting a police investigation.
Bodies pulled from wreckage of Nepal plane
Nepali rescuers on Monday retrieved 16 bodies from the mangled wreckage of a passenger plane strewn across a mountainside that crashed in the Himalayas with 22 people on board.
Equity markets extend Wall St rally as China eases curbs
Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy.
Bodies pulled from wreckage of missing Nepal plane
Nepali rescuers pulled 14 bodies on Monday from the mangled wreckage of a passenger plane strewn across a mountainside that went missing in the Himalayas with 22 people on board.
Asian markets extend Wall St rally as China eases curbs
Asian markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing, lifting hopes for the world's number two economy.
Nepal army finds wreckage of missing plane
Nepali rescuers found on Monday the crash site of a missing passenger plane that went down with 22 people on board, the army said.
Tech giant Grab's female co-founder blazes a trail
As co-founder of multi-billion dollar ride-hailing and food delivery firm Grab, Tan Hooi Ling is already smashing stereotypes in tech but she's also trying to blaze a trail for the next generation of female entrepreneurs in the industry.
Heartbroken Texas school massacre town begs Biden to 'do something'
Desperate pleas for a stop to the gun massacres plaguing the United States rang out Sunday during President Joe Biden's visit to Uvalde, where he prayed for the 19 children and two teachers slain by a teen gunman in the small Texas town.
EU struggles to break deadlock on Russian oil ban before summit
Ambassadors from the 27 European Union member states on Sunday examined a compromise mooted to enable them to break the deadlock on a Russian oil embargo ahead of an emergency summit in Brussels.
Biden prays in heartbroken Texas school massacre town
A distraught US President Joe Biden laid flowers and prayed Sunday at the makeshift shrine erected in Uvalde to the 19 children and two teachers murdered by a teen gunman after he stormed their elementary school.