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US Fed's favored inflation measure remains unchanged in April
The US Federal Reserve's favored measure of inflation remained unchanged in April, according to government data published Friday, as services prices remained elevated.
Chinese shopping app Temu faces stricter EU safety rules
Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs.
Stock markets diverge as inflation takes centre stage
Equity markets diverged Friday as traders fixed attention on inflation numbers from the eurozone and the United States for clues on the outlook for interest-rate cuts.
NATO allies' support grows for Ukrainian strikes in Russia
Support grew among NATO allies on Friday for using Western-donated weapons to strike inside Russian territory, while NATO chief Jens Stoltenberg downplayed Kremlin warnings of an escalation.
Chinese property giant Evergrande fined $576 mn for 'fraud'
China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday.
African tech startups cater to continent's needs
African startups, addressing overlooked needs, are putting the spotlight on a burgeoning tech scene, despite challenges like inequality and limited digitalisation.
US, UK air strikes on Yemen kill at least 16: Huthi TV
The United States and Britain carried out air strikes on Yemen in what they said was a bid to degrade Iran-backed rebels' maritime attack capabilities, with Huthi media on Friday reporting 16 killed.
Markets mostly up after tough week as US inflation looms
Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.
Asian markets bounce after tough week as US inflation looms
Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.
Young Cambodians fight to preserve ancient martial art
In a small Cambodian town near the banks of the Mekong River, law student Oeun Bunthav tenses his slender torso and steels himself for an elbow strike to his head.
Flood-hit Brazil businesses count losses, look to future
The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed.
Jury in Trump trial reaches verdict
The jury in Donald Trump's hush money trial announced Thursday in a note to the court that it has reached a verdict, indicating that this would be delivered in less than an hour.
Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse
Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years.
Tribute to late Iranian president at UN stirs anger
The UN General Assembly drew criticism Thursday for its tribute to the late Iranian president Ebrahim Raisi who died in a helicopter crash, with Washington boycotting the gathering.
Jury in Trump trial reviews evidence, resumes deliberations
Jurors returned Thursday to a second day of deliberations in Donald Trump's criminal trial with detailed requests to review portions of the evidence, leaving the Republican presidential candidate stuck awaiting his fate.
ANC on track to lose majority after watershed South Africa vote
South Africa's ruling ANC was on course to lose its 30-year-old unchallenged majority on Thursday after voters queued long into the night to cast their ballots, preliminary results and projections showed.
French pharmacists strike over pay and drug shortages
French pharmacists began their first walkout in 10 years on Thursday, closing up shop over drug shortages, low regulated prices, pharmacy closures and fears medications could be sold online.
Meta says generative AI deception held in check -- for now
Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns.
US Democrats call for criminal probe into Big Oil price-fixing
Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing.
Stock markets diverge ahead of key inflation data
Stock markets diverged Thursday as traders awaited key inflation indicators that could determine the future direction of interest rates on both sides of the Atlantic.
Africa economic growth not enough to tackle poverty: AfDB
Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.
EU states agree 'prohibitive' tariffs on Russia grain imports
EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to cut off revenues to Moscow for its war on Ukraine.
European stock markets recover slightly
Europe's main stock markets inched higher Thursday, making up just some of the losses from the previous session when shares were hit by concerns that interest rates will stay high for an extended period.
Red Bull becomes Leeds sponsor and takes minority share in club
Red Bull has purchased a minority stake in Leeds United and will become the English second-tier football club's main shirt sponsor next season, it was announced Thursday.
Why has Russian wheat been entering the EU duty-free?
Since its invasion of Ukraine, Russia's grain exports have not only been spared by European Union sanctions, but even stayed free of tariffs -- a seeming anomaly the bloc has now agreed to rectify.
Taliban govt harbours big dreams for Afghan rail
On the edge of the Afghan border with Uzbekistan, where the railway abruptly stops, throngs of young men transfer sacks of wheat or flour from freight trains to trucks.
Markets extend losses with Wall St as rate hopes dim
Asian and European markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.
Google to invest $2 bn in Malaysia: government
Google will invest $2 billion in Malaysia to house the firm's first data centre in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities.
Iran iPhone users signal dismay over new models ban
At a Tehran cafe, Hamid waves his mobile around hoping to latch onto a faint signal and thus bypass Iran's stringent ban on the latest models of iPhone.
Boeing set to deliver plan to regulators on upgrading safety
Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.
Asian markets extend losses with Wall St as rate hopes dim
Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.
Australia engaging with Ticketmaster over hacking 'incident'
The Australian government was on Thursday investigating claims by a hacking group to have stolen the details of 560 million customers from global events giant Ticketmaster, with the FBI offering its assistance.
'Come back': Champs-Elysees wants to win over Parisians
The Champs-Elysees, the iconic avenue sweeping through central Paris dotted with cafes and shops, connects the Place de la Concorde in the east with the Arc de Triomphe in the west in a single, breathtakingly straight line.
SE Asia gas expansion threatens green transition: report
Southeast Asia is on track to vastly expand its gas-fired power plant and liquid natural gas import capacity, threatening its green energy transition, a report warned Thursday.
Australia says engaging with Ticketmaster over hacking 'incident'
Australia's government said Thursday its cyber security office was "engaging" with US-based Ticketmaster after a hacking group claimed to have accessed the details of 560 million global customers.
Panama's first climate change displaced bid their island farewell
Some 1,200 members of a Panamanian Indigenous community, their island home threatened by rising sea levels, received new government-sponsored homes on the mainland Wednesday.
Trump criminal trial jury ends first day of deliberations
Jurors completed opening deliberations Wednesday on whether to convict Donald Trump in the first criminal trial of a former US president -- a decision that could upend the November's election, in which the Republican seeks to return to power.
Stocks slide, dollar gains as rate cut outlook dims
Stock markets fell Wednesday as investors locked in profits after indicators and comments from central bankers further dented hopes for interest rate cuts.
Long queues as S.Africa votes with ANC rule in balance
South Africans queued late into the night to vote Wednesday, forcing polling stations to remain open beyond closing time in a landmark general election, with the ruling ANC fighting to protect its three-decade-long grip on power.