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Featured

Spain's General Strike Links Housing Crisis to Lost Purchasing Power

Spain experienced its first nationwide general strike in 14 years as unions protested soaring housing costs and shrinking purchasing power. Transport and traffic were disrupted in several large cities, although unions and employer groups offered sharply different estimates of participation.

Euro-Area Inflation Reaches 4% as Energy Prices Jump

Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.

Last news

P&G profits dip, says China recovery will take time

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

US regulator probes Tesla's self-driving mode after crashes

The US auto safety regulator said Friday that it has opened an investigation into Tesla's Full Self-Driving (FSD) software after receiving four reports of crashes, one of which involved a pedestrian being struck and killed.

Global stock markets rise on China hopes

Most Asian and European stock markets rose Friday after Chinese economic growth data beat forecasts and officials flagged fresh measures to boost the world's second biggest economy.

Stellantis workers march in Italy over production slump

Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker of Fiat and Jeep in Italy.

Meta unveils AI tie-up with horror movie producers

Tech giant Meta has unveiled a partnership with horror film production company Blumhouse to road-test its latest AI video tool.

Asian markets rise as China economy tops forecasts, gold hits record

Hong Kong and Shanghai soared Friday to lead gains across most Asian markets Friday after Chinese growth beat forecasts and officials flagged fresh measures to boost the world's number two economy.

From Siberia to the Sahara: Huskies conquer Mauritania

As dusk fell on the edge of Nouakchott, Kayo the husky left a trail of paw prints in the warm Sahara sand, an incongruous yet increasingly familiar sight in Mauritania.

With record production, Moldova plum farmers hail EU integration

In a warehouse north of Moldova's capital, farmer Stefan Bitlan inspects boxes of plums soon heading to Germany as he has turned to exporting to the EU rather than Russia.

Nigerians sacrifice cars as cost of living crisis worsens

Nigeria's economic crisis and soaring petrol prices forced Bolaji Emmanuel to give up his driver and his Honda Pilot utility vehicle, as he struggles with spiking living costs.

Asian markets swing as China economic growth slows

Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street.

World Bank president focused on job creation ahead of annual meetings

The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week's gathering of the world's finance ministers and central bankers in Washington, its president said in an interview.

Japan's core inflation rate slows in September

Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.

Global stocks climb as ECB cuts rates and tech rebounds

European and US stock markets mainly rose Thursday as the European Central Bank cut interest rates and results from key chip maker TSMC calmed fears that the tech sector was struggling.

EU leaders urge new laws to speed up migrant returns

EU leaders called Thursday for urgent new legislation to increase and speed up migrant returns on Thursday, after a summit in Brussels that crystallised a rightward shift in the bloc's rhetoric.

Israel says killed Hamas chief Sinwar in Gaza

Israel said Thursday its forces killed Hamas chief Yahya Sinwar in a Gaza operation, dealing a massive blow to the group it has been fighting since the October 7, 2023 attack.

ECB bans transgender women from women's professional cricket

Transgender women will be unable to feature in the top two tiers of the new women's domestic structure or the women's Hundred, the England and Wales Cricket Board announced on Thursday.

IMF chief calls for unity on shared challenges in 'deeply troubled times'

The international community must come together despite the "difficult geopolitical environment" to tackle shared challenges like lackluster growth and the existential threat posed by climate change, the head of the IMF said Thursday.

Onboard wifi is latest frontline in airline competition

Free onboard wifi has become the latest battleground between the world's leading airlines as the once expensive and unreliable service finally delivers quality comparable to being at home.

Instagram moves to face rising tide of sextortion scams

Meta, the parent company of Facebook and Instagram, on Thursday announced new measures to fight sextortion, a form of online blackmail where criminals coerce victims, often teens, into sending sexually explicit images of themselves.

Israel says 'checking' if Hamas chief Sinwar killed in Gaza

Israel said Thursday it was checking whether it had successfully "eliminated" Hamas chief Yahya Sinwar in a Gaza operation, in what would constitute a massive blow against the group it has been fighting since the October 7 attack.

EU leaders talk tough on migration, but divided on action

Migration was at the top of the agenda as EU leaders met in Brussels on Thursday, with most governments keen to display a tough stance after hard-right gains in several countries, but little agreement on a course of action.

Global stocks climb as ECB cut rates and tech rebounds

European and US stock markets rose Thursday as the European Central Bank cut interest rates and results from key chip maker TSMC calmed fears that the tech sector was struggling.

US retail sales pick up pace in September

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches.

ECB makes back-to-back interest rate cuts as inflation falls

The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering borrowing costs as inflation in the eurozone cools faster than expected.

What's next in Swedish rape investigation into Mbappe?

Following media reports that French football star Kylian Mbappe is being investigated for rape in Sweden, all eyes have turned to the Nordic country's legal system to know what happens next.

Nestle overhauls executive team as sales slump

Nestle's new CEO lowered sales growth expectations for 2024 and announced a leadership reshuffle on Thursday in what one analyst described as a "painful reset" for the global food giant.

S Korean court recognises misogyny as hate crime motive

A South Korean court has recognised misogyny as a motive for a hate crime, its spokesperson told AFP Thursday, a decision activists hailed as a breakthrough for women's rights.

Couche-Tard executives in Japan to push 7-Eleven deal

Executives from Canada's Alimentation Couche-Tard are in Japan in a bid to overcome resistance to their $47-billion takeover of 7-Eleven's parent but are being given the cold shoulder, according to interviews published Thursday.

Markets mixed as China's latest stimulus leaves traders wanting

Stocks in Shanghai and Hong Kong slipped on a mixed day for Asian markets Thursday as Chinese traders gave shrug to Beijing's latest plan to boost the country's troubled property sector, which came up short of expectations.

Taiwan's TSMC posts sharp rise in third quarter net profit

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology.

Asian markets rally but China's latest stimulus leaves traders wanting

Asian markets rose Thursday following a healthy run on Wall Street, with Chinese investors giving a cautious welcome to Beijing's latest plan to boost the country's troubled property sector.

UN report says 1.1 billion people in acute poverty

More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected.

Portugal Colonial - Economy (English)