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UK economy closes in on recession
Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.
South Korea pardons Samsung boss 'to help the economy'
The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.
Asian markets struggle as traders contemplate more rate hikes
Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.
Drought tightens its grip on Morocco
Mohamed gave up farming because of successive droughts that have hit his previously fertile but isolated village in Morocco and because he just couldn't bear it any longer.
'Hopeless': Chinese homebuyers run out of patience with developers
Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.
EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up
Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that it is on the road to meeting production goals.
Stocks mixed as markets weigh improving US inflation data
Global stocks finished mixed on Thursday as investors weighed whether a second straight upbeat US inflation report could speed a pivot in Federal Reserve policy away from aggressive tightening.
Iraq to provide Lebanon with fuel for another year: Lebanon PM
Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.
Second firefighter dies after Cuban fuel depot blaze
Cuban authorities said Thursday a second firefighter has died battling a days-long blaze at a fuel depot that has also left nearly three dozen people missing or injured.
Extreme heat, price hikes impose tough choices on UK farm
Pulling up some of the sugar beet that should be about handball-size by now, Andrew Blenkiron says the parched conditions have left the root veggies stunted and dried-up.
US gas prices fall below $4 for first time since March
It's not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, providing a bit of relief for Americans struck by massive inflation at almost every turn.
'Hero' Lebanon hostage-taker turns self in after bank drama
Bystanders hailed as a hero an armed customer who held bank staff hostage for hours Thursday in Lebanon because he couldn't access funds frozen after the country's economic collapse.
Stocks rise on more positive inflation data
Stock markets were mostly higher on Thursday after new US data suggested that inflation could indeed be slowing in the world's biggest economy, raising hopes of less aggressive Federal Reserve monetary policy.
Study on serotonin and depression sparks fierce debate
A controversy in the scientific community over a recent claims anti-depressants can be ineffective at treating depression has highlighted the difficulties in understanding mental health conditions.
Soldier makes brief descent into Mexico mine where workers trapped
A soldier made a brief incursion on Wednesday into the flooded coal mine in northern Mexico where 10 workers have been trapped for a week, with relatives anxiously awaiting progress.
Singapore trims 2022 growth forecast on strong global headwinds
Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.
Scarring for life: traditional practice fades in Sudan
Kholoud Massaed of the Hadaria tribe in Sudan vividly recalls the day her face was scarred with a sharp blade, an ancient practice that was once common.
China's ex-Covid patients live under 'dark shadow' of stigma
When Zuo tested positive for Covid-19 while working as a cleaner in one of Shanghai's largest quarantine centres, she hoped it wouldn't be long before she could pick up the mop and start earning again.
Disney+ subscribers surge as Netflix stumbles
The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.
Boeing delivers first 787 in a year
Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane.
Economists urge US to return Afghanistan's frozen assets
Several dozen prominent US and international economists urged the United States Wednesday to hand over to Afghanistan $7 billion in central bank reserves frozen when the Taliban seized control of the country nearly one year ago.
Elon Musk sells nearly $7 bn in Tesla stock
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal.
Mexico says rescuers close to entering mine where workers trapped
Rescuers hope to enter a flooded coal mine in northern Mexico soon to search for 10 workers who have been trapped for a week, authorities said Wednesday.
Facebook use plunges among US teens: survey
US teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data out Wednesday.
In scorched UK, source of River Thames dries up
At the end of a dusty track in southwest England where the River Thames usually first emerges from the ground, there is currently scant sign of any moisture at all.
US inflation eases in July amid falling oil prices
US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.
Stocks jump on easing US inflation
Global stock markets bounced on Wednesday as better-than-expected US inflation data raised hopes that the US Federal Reserve will tone down its aggressive interest rate policy.
Sri Lanka protest camp clears out after crackdown
Protesters in Sri Lanka who brought down the previous government announced they were dismantling their main demonstration site near the president's office on Wednesday in the wake of a crackdown against their leaders.
US inflation eases slightly to 8.5% in July as fuel prices dip
US inflation eased slightly in July, official data showed Wednesday, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.
Elon Musk sells nearly $7 billion worth of Tesla shares
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.
Deliveroo says losses grow, to exit Netherlands
Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.
Raymond Briggs: curmudgeonly creator of 'The Snowman'
British cartoonist and illustrator Raymond Briggs called himself "a miserable old git". Even his publisher said he was "the grumpiest of grumpy old men".