Portugal Colonial

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US, Canada fail to reach trade pact to avert Trump tariffs

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement.

Arctic shipping a daunting prospect in hotly contested region

With Gulf turmoil slashing Suez Canal traffic, shipping firms are tempted to try the Arctic for quicker trips between Europe and Asia -- but commercial prospects are unlikely to match countries' strategic ambitions for the North Pole.

Last news

Cheers! England's pubs toast sales boost due to Euro final

UK pubs packed with England football fans hoping their team beats Spain in Sunday's Euro 2024 final will toast a near £50-million ($65-million) sales boost, an industry body forecast.

Rwandan mother aims to prove that politics is for all

Her three-month-old daughter swaddled on her back, Jeanne d'Arc Nyiramahirwe is determined to make her voice heard as she runs for a parliamentary seat in Rwanda's elections.

European stock markets extend gains

European stock markets on Friday extended recent gains but Tokyo tanked with focus firmly on central bank activity.

TotalEnergies Uganda oil project 'devastating': conservationist

Production has yet to begin, but TotalEnergies' controversial East African oil project is already taking a dire environmental toll in Uganda's largest national parks, a leading conservationist group said Friday.

Ericsson posts $1bn quarterly loss on Vonage write down

Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.

Day labourers seek dwindling jobs pre-dawn in Shanghai suburb

A dozen men crowded around an employment agent early in the morning in suburban Shanghai, waving their identification cards as they scrambled to secure a 12-hour shift at a warehouse.

Kardashians in India for billionaire wedding gala

Socialite sisters Kim and Khloe Kardashian were among the global celebrities spotted in India on Friday to attend a lavish three-day wedding ceremony staged by Asia's richest man Mukesh Ambani.

Stocks up on US rate hopes, yen holds gains amid intervention talk

Asian markets mostly rose Friday after a largely negative day on Wall Street despite growing confidence of a US interest rate cut, while the yen saw big swings as speculation swirled that Japan had stepped into forex markets to support the currency.

Myanmar temple city pines for tourists as conflict rages

The domes and spires of Myanmar's temple city of Bagan mark an island of calm in the country's raging civil war, but with conflict keeping tourists away locals are struggling to make ends meet.

S&P 500, Nasdaq streak of records ends as US inflation ebbs

A multiday streak of US stock market records ended Thursday as investors shifted bets away from hot artificial intelligence equities toward overlooked names in anticipation of interest rate cuts.

2024 bull market leaves out US small caps, so far

A famous aphorism holds that a "rising tide lifts all boats," but small capitalization equities are still waiting for a boost from the 2024 bull market on Wall Street.

Delta profits drop despite solid demand, hitting airline shares

Delta reported lower quarterly profits Thursday despite still-strong travel demand as it moderated a plan to add capacity in the fall in light of industry overcapacity.

Germany to ban Chinese telecom giants from 5G network

Germany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns.

EU accepts Apple plan to open iPhone tap-to-pay to rivals

The EU on Thursday approved Apple's offer to allow rivals access to the iPhone's ability to tap-to-pay within the bloc, ending a lengthy probe and sparing it a heavy fine.

Oil demand growth slowing, China consumption dips: IEA

The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped.

Markets track Wall St records after Powell hints at rate cut

Asian and European stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.

Cocoa price surge eats into Barry Callebaut sales volumes

The world's top industrial supplier of chocolate, Barry Callebaut, reported Thursday a dip in sales volumes in its latest quarter as a jump in cocoa prices bit into demand.

Romania faces down Vuitton for 'stealing' its beloved blouse

Villagers in Vaideeni at the foot of Romania's Carpathian mountains are fuming at French luxury brand Louis Vuitton for "stealing" the design of their traditional blouse.

In the heart of Mauritania's desert, a green oasis cultivates equality

For the residents of Maaden, a green oasis nestled in the depths of the vast Mauritanian desert, communal living, spirituality and sustainable agriculture are the keys to a harmonious existence.

China building more wind, solar capacity than rest of world combined: report

China is building almost twice as much wind and solar energy capacity as every other country combined, research published Thursday showed.

Asian markets track Wall St records after Powell hints at rate cut

Asian stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.

Ghost Cyprus resort bears scars of half-century of division

Once Cyprus's premier beach resort, the abandoned hotels and villas of Varosha stand testament to dashed hopes of reclaiming lost property after five decades of division and failed diplomacy.

Water shortages worsen as funding dries up for northwest Syria displaced

Hussein al-Naasan struggles to provide water for his family in the scorching summer, as aid funds have dried up and conditions deteriorated in impoverished displacement camps in Syria's rebel-held northwest.

AI accessibility? Blind gamer puts ChatGPT to the test

Japanese eSports gamer Mashiro is blind and often relies on a companion to get around Tokyo -- but he hopes that artificial intelligence, hailed as a promising tool for people with disabilities, can help him travel alone.

CNN plans to launch paid streaming service, cut 100 jobs

CNN, which has struggled amid the decline of the US cable broadcasting industry, plans to launch a new paid streaming service and to cut about 100 jobs, the company's CEO said Wednesday.

US tightens steel, aluminum import rules to curb China tariff evasion

The United States unveiled stricter rules Wednesday on steel and aluminum imports from Mexico, moving to prevent China-origin goods from avoiding tariffs.

Europe's drinking water contamined by 'forever chemical': NGOs

A large sample of European drinking water has detected a substance linked to "forever chemicals" used in pesticides and refrigeration, a coalition of non-governmental organisations said Wednesday.

Public to get rare glimpse of Buckingham Palace balcony room

The room behind Buckingham Palace's famous balcony opens to the public for the first time next week, giving a rare glimpse into one of the royal residence's inner sanctums.

Europe stocks advance after Wall Street records

Europe's stock markets rose Wednesday following a record-breaking Wall Street performance after US Federal Reserve chief Jerome Powell hinted at interest-rate cuts later this year.

'Fed up': Dinar currency ban bites in Kosovo

In the central Kosovo town of Gracanica, posters advertising "10 euro return tickets" to Serbia flutter on the walls as ethnic Serbs wearily organise trips across the border to collect their pensions.

South Korea Samsung union declares 'indefinite' strike

A union representing tens of thousands of workers at Samsung Electronics in South Korea said Wednesday it would extend a three-day strike indefinitely in a bid to force management to negotiate.

Music catalog fund Hipgnosis sold to Blackstone

Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.

Portugal Colonial - Economy (English)