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Stocks tread water with eyes on oil price

Stock markets traded little changed in scant summer trading Friday, with both oil prices and the dollar slipping as investors assess the outlooks for US interest rates and the war in the Middle East.

US retail sales weakest in over a year in July

US retail sales declined unexpectedly in July, government estimates showed Friday, marking their weakest showing in more than a year as consumers pulled back at auto dealers and online stores.

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Perrier scandal bubbles up as French parliament slams cover-up

The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.

Gary Lineker to leave BBC after antisemitism row

Former England football captain Gary Lineker will leave the BBC at the end of the season, it was announced on Monday, days after he shared a social media post that contained antisemitic imagery.

French state covered up Nestle water scandal: Senate report

The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday.

Trump tariffs force EU to cut 2025 eurozone growth forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

China's Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday.

Women claim spotlight in India's macho movie industry

India's giant movie industry is known for its macho, men-centric storylines, but a wave of women filmmakers is helping to break the mould.

Stocks, dollar drop after US loses last triple-A credit rating

Stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.

Ryanair annual profit drops 16% as fares fall

Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers.

Nvidia unveils plan for Taiwan's first 'AI supercomputer'

Nvidia boss Jensen Huang announced plans for Taiwan's "first AI supercomputer", as he showcased on Monday the company's latest advances in artificial intelligence.

China factory output beats forecasts, weathering tariffs

Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal trade war with Washington.

Pro-EU mayor, nationalist historian set for Polish presidential runoff

Pro-EU Warsaw mayor Rafal Trzaskowski was set to face nationalist historian Karol Nawrocki in Poland's presidential runoff on June 1, an exit poll showed after the first round, as the far-right made record advances.

France to unveil €37 bn in foreign investment at Versailles summit: presidency

France will announce 37 billion euros ($41.3 billion) in foreign investment on Monday as President Emmanuel Macron hosts more than 200 top executives at a business summit in Versailles, the French presidency said.

Austria's Eurovision winner receives hero's welcome

Austrian singer JJ returned to Vienna on Sunday to a hero's welcome, greeted by hundreds of cheering fans after winning the Eurovision Song Contest in Basel.

Control tower breakdown brings flight chaos to Paris airport

A control tower breakdown forced the cancellation of about 130 flights at Paris Orly airport Sunday, leaving thousands of passengers to scramble for alternative routes, officials said.

Paris kidnap bid highlights crypto data security risks

New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical danger", the platform at the centre of last week's Paris kidnapping attempt has claimed.

Kanye West's pro-Hitler song gets millions of views on X

A new song by rapper Kanye West glorifying Nazi leader Adolf Hitler has racked up millions of views on Elon Musk's X platform, after it was banned by other sites such as YouTube.

Eurovision says 'wait and see' on Celine Dion

Just hours before Saturday's Eurovision Song Contest grand final, organisers were tight-lipped about whether ailing superstar Celine Dion might make an emotional appearance, 37 years after winning the competition.

Eurovision triggers betting interest surge

The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of Saturday's giant glamfest in Basel.

Nigeria's Nollywood finally makes it into Cannes arthouse film fold

It has taken nearly 80 years, but a Nigerian movie will finally be screened in a hallowed official slot at the Cannes film festival Sunday.

Bono says Ukraine 'keeping us free' from fascism

Rock star Bono made an impassioned plea for the West to stand by Ukraine at the Cannes film festival, saying it was keeping Europe free from fascism.

'Alpha predator' sharks and humans clash on an Israeli beach

With its golden sand and blue waters, the beach front in central Israel looks much like any other stretch of Mediterranean coast, but a closer look reveals something unusual peeking through the rippling surf: black shark fins.

Lights, cameras, action at Eurovision Song Contest final

In a blaze of laser lights, artists from 26 countries were preparing to rip the roof off at Saturday's Eurovision Song Contest final, the world's biggest live music television event.

US loses last triple-A credit rating as Moody's cuts over govt debt

The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

US loses last triple-A credit rating as Moody's cuts on growing govt debt

The United States lost its last triple-A credit rating from a major agency on Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity.

US Fed plans to cut workforce by 10% in next 'couple of years'

US Federal Reserve Chair Jerome Powell told staff on Friday that the bank plans to cut its workforce by around 10 percent in "the next couple of years," according to a memo seen by AFP.

Trump family hotel project in Serbia in doubt after forgery probe

The future of a luxury property development by Donald Trump's son-in-law in Belgrade has been thrown into doubt over suspicions that documents used to revoke the site's protected status were forged.

Stock markets seek to hold onto gains

Global stock markets struggled for direction on Friday as they sought to hold onto weekly gains fuelled by the China-US trade war hiatus.

Ozempic-maker Novo Nordisk says CEO to step down

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, said Friday its chief executive was stepping down in the wake of "market challenges".

Eurovision door still open for Celine Dion comeback

As excitement builds for Saturday's Eurovision final, one question looms large: could superstar Celine Dion, now in fragile health, make a show-stopping appearance, 37 years after winning the competition?

Ramaphosa's talks with Trump chance to reset tattered ties

South Africa's President Cyril Ramaphosa travels to the United States next week to meet Donald Trump in a bid to rescue deteriorating relations with a vital and increasingly critical trade partner.

APEC says 'concerned' over challenges to global trade

The Asia-Pacific Economic Cooperation group said Friday that it was "concerned" over the challenges to global trade, as ministers from APEC countries met in South Korea in the shadow of growing woes from US tariffs.

Portugal Colonial - Economy (English)