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'I never corrupted anyone,' diamond magnate tells Swiss court
A French-Israeli businessman and diamond magnate insisted Wednesday he had never bribed anyone, as he sought to overturn his conviction in a vast corruption case involving mining rights in West Africa.
Crisis-hit Sri Lanka's inflation hits another record
Crisis-hit Sri Lanka's inflation hit an eleventh consecutive monthly record in August, official data showed on Wednesday, rising to 64.3 percent as the International Monetary Fund extended bailout talks by one more day.
India quarterly GDP up 13.5% on pandemic rebound, below expectations
A post-pandemic rebound saw India's economy grow 13.5 percent in the June quarter, official figures showed Wednesday, but the expansion was below forecasts thanks to the headwinds buffeting Asia's third-largest economy.
Canada economy accelerates, posts 3.3% growth in Q2
Canada's economy accelerated in the second quarter of 2022, benefitting from higher commodity prices after emerging from pandemic lockdowns to post annualized growth of 3.3 percent, the government statistical agency said Wednesday.
UK regulator bans Unilever's 'misleading' green ad
Britain on Wednesday banned an advertisement from consumer goods group Unilever over "misleading" environmental claims for its laundry detergent brand Persil.
India GDP surges 13.5% on pandemic rebound, despite headwinds
A post-pandemic rebound saw India's economy grow 13.5 percent in the June quarter, official figures showed Wednesday, but inflation and other headwinds signal a looming slowdown in Asia's third-largest economy.
Insurance payments on defaulted Russia debt to move forward
Russia's default on its international debt was fully acknowledged Wednesday by a little-known panel of financial firms when they set a date for the procedure to compensate insured investors.
European stocks drop on record eurozone inflation
European equities slid Wednesday as record-high eurozone inflation fanned fears that more interest rate hikes could herald recession.
IAEA team reaches Zaporizhzhia en route to Russia-held nuclear plant
IAEA inspectors arrived in the southern Ukrainian city of Zaporizhzhia Wednesday ahead of a visit to a Russian-held nuclear power plant, after fresh shelling near Europe's largest atomic facility.
Eurozone inflation jumps to new record 9.1%
The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.
China's factory activity contracts for second straight month in August
China's factory activity shrank in August for the second month in a row, official data showed Wednesday, as the sector was hit by strict zero-Covid restrictions and extreme heat.
Asian markets down again as traders eye more monetary tightening
Stock markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve's determination to beat inflation with higher interest rates will tip the world's top economy into recession.
China's August factory activity weakens for second straight month
China's manufacturing activity dropped in August for the second month in a row, official data showed Wednesday, as strict zero-Covid restrictions and extreme heat hit growth.
London mayor warns of possible 'Tube' fare hikes
London's mayor warned Tuesday of possible fare rises and service cuts after the capital's transport operator struck a 20-month funding deal with the UK government that still leaves a budget "gap".
Will take 'a few years' to get US inflation back to 2%: Fed official
The Federal Reserve is committed to bringing soaring US inflation back down to two percent, but that will take "a few years," a top central banker said Tuesday.
Baltic nations to boost offshore wind energy seven-fold by 2030
Nations bordering the Baltic Sea agreed Tuesday to increase offshore wind energy to 20 gigawatts by 2030, as Europe seeks to wean itself off Russian gas following Moscow's invasion of Ukraine.
Stocks extend Fed-induced sell-off
Stock markets mostly tumbled again on Tuesday, extending losses that were sparked by last week's Federal Reserve warning that more monetary tightening was on the way.
Barbecue-bashing French green MP stirs up carnivores
Are barbecues "a symbol of virility"? A prominent French green MP has sparked a national debate by suggesting that red meat is macho and grilled ribs are a gender issue.
Eurozone equities bounce from Fed-induced sell-off
Eurozone stocks rebounded Tuesday from recent losses, but London gains were capped as investors played catch-up after a long weekend.
Baidu reports 5% year-on-year decrease in Q2 revenue
Chinese internet giant Baidu Inc. on Tuesday announced second-quarter revenues of 29.6 billion yuan ($4.3 billion), down five percent from last year after the company faced a challenging economic climate and tight controls on China's once-thriving tech sector.
China state support for economy this year exceeds 2020, premier says
State support for China's economy this year is now greater than it was in 2020, Beijing's premier has said, surpassing help given at the height of the coronavirus pandemic as the country grapples with the impacts of its zero-Covid policy and a property sector crisis.
We're hiring: babies wanted for Japan nursing home
A nursing home in southern Japan is "hiring" babies for a very important job -- to keep its elderly residents company and make them smile. The salary? Nappies and milk formula.
French-Indian textile designer brings back Mughal patterns
Textiles designer Brigitte Singh lovingly lays out a piece of cloth embossed with a red poppy plant she says was probably designed for emperor Shah Jahan, builder of the Taj Mahal, four centuries ago.
China arrests hundreds over banking scandal that sparked rare protests
Chinese police have arrested more than 200 suspects linked to one of the country's biggest-ever banking scandals, which triggered rare mass protests.
Energy price hikes could force UK pubs to shut
British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday, urging the government to step in.
Last member of Brazilian indigenous community found dead
The last of his people, a Brazilian indigenous man known only as "the man of the hole" has been found dead, decades after the rest of his uncontacted tribe were killed off by ranchers and illegal miners, officials said.
Stocks extend losses after Fed chief's warning
Stocks slid further Monday and the dollar rallied as traders continued to digest US Federal Reserve chief Jerome Powell's warning of more interest rate hikes to fight inflation.
Lithuania completes Belarus border fence
Lithuania on Monday said it had finished building a fence along its border with Belarus to fight illegal immigration which the West accuses Minsk of orchestrating.
IMF approves revival of massive Pakistan loan program
The IMF board on Monday approved an agreement to revive a massive loan program for Pakistan, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.
NASA scrubs launch of giant Moon rocket, may try again Friday
NASA has scrubbed a test flight of its powerful new rocket, in a setback to its plan to send humans back to the Moon and eventually to Mars, but may shoot for another launch attempt on Friday.
IMF approves revival of massive Pakistan loan programme
The IMF has approved an agreement to revive a massive loan programme for Pakistan, the finance minister said Monday, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.
IAEA team heads to Ukraine nuclear plant, as offensive launched in south
International Atomic Energy Agency chief Rafael Grossi said on Monday he was en route to inspect Ukraine's Zaporizhzhia nuclear plant, as Kyiv's forces launched a counteroffensive to retake the occupied southern region of Kherson.
