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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

China to almost double support for unfinished housing projects

China said Thursday it would boost credit available for unfinished housing projects to more than $500 billion as it unveiled another round of measures to shore up the sector and try to reignite the economy.

China to boost credit for property market, renovate 1 mn homes

China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy.

ECB set to cut rates again as inflation cools

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates.

Asian markets rally, with eyes on China housing briefing

Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector.

How Indigenous guards saved a Colombian lake from overtourism

In the crater of a semi-dormant volcano in southwest Colombia lies a sacred lake of startling green which used to draw a steady stream of garbage-tossing tourists before Indigenous leaders took back control.

Water crisis threatening world food production: report

Inaction on the water crisis could put more than half of the world's food production at risk by 2050, experts warned in a major report published Thursday.

Lower rates, surging stock market fail to ignite US IPO market

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.

Italy extends surrogacy ban to couples seeking it abroad

Italian lawmakers on Wednesday extended the country's ban on surrogacy to couples who seek it abroad, despite warnings the move would damage children's rights.

Panama Canal crossings down 29 percent due to drought

Traffic in the Panama Canal fell by 29 percent over the past year due to a severe drought linked to climate change, the canal's operator said late Tuesday.

Israeli minister criticises Macron over France defence show ban

Israeli delegations taking part in the major defence show Euronaval in France next month will not be permitted to set up a stand or exhibit hardware following a decision by the French government, organisers said Wednesday, prompting outrage from Israel.

Global stock markets diverge as markets focus on earmings

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry as third-quarter earnings reports continue to roll in.

Amazon bets on nuclear power to fuel AI ambitions

Amazon announced significant investments in nuclear energy on Wednesday, joining other tech giants in aiming to meet the high electric power demands of cloud computing and artificial intelligence using atomic energy.

Global stock markets diverge as tech fears linger

Wall Street shares steadied Wednesday after a tech selloff the previous day over concerns about the red-hot semiconductor industry.

Lufthansa fined 'record' $4 mn for barring Jewish passengers

US authorities have hit Lufthansa with a record $4 million penalty after finding the airline discriminated against more than 100 Jewish travelers by blocking them from boarding a flight in 2022, officials said Tuesday.

Global stock markets fall as tech fears weigh

Major Asian and European stock markets mostly fell Wednesday after concerns about the red-hot semiconductor industry fuelled a tech sell-off.

Markets struggle after Wall Street losses as tech fears weigh

Markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

UK inflation hits three-year low, fuelling rate-cut hopes

Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month.

Markets mixed after Wall Street losses as tech fears weigh

Markets were mixed on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

China set to post slowest quarterly growth this year: analysts

China's economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector.

Fake AI history photos cloud the past

A wave of touching photos showing great moments in time is fascinating amateur historians online. The problem? They are not real -- and may be clouding our view of the past.

South Korea's Han sells one million books after Nobel win

More than a million copies of books by Han Kang, the first South Korean to win the Nobel Prize for Literature, have sold locally since the honour was announced, bookstores said Wednesday.

Asian markets track Wall Street losses on worries over tech rally

Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fuelled by worries about the sustainability of the AI rally, while oil prices clawed back some of the previous two days' hefty losses.

Record number of women run for Japan general election

A record number of women are running in Japan's general election this month, although they still account for less than a quarter of candidates, local media said Wednesday.

Portrait by humanoid robot to sell at auction in art world first

The robot artist Ai-Da, a humanoid powered by artificial intelligence, will be the first of its kind to have a painting sold at a major auction house, organisers said Wednesday.

United announces $1.5 bn share buyback as earnings top estimates

United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates.

Oil prices fall on reports Israel will not strike Iran supply facilities

Oil prices tumbled Tuesday on reports that Israeli Prime Minister Benjamin Netanyahu told US President Joe Biden he would not strike Iran's crude or nuclear facilities.

US holiday spending to approach $1 tn: Retail Federation

US consumers are expected to spend close to $1 trillion during the winter holiday season, a slight uptick from the year prior, the National Retail Federation (NRF) said Tuesday.

Turkish govt delays tax plan to fund defence industry

The Turkish government on Tuesday postponed until 2025 a parliamentary debate on a proposed tax on credit cards, which it sought to fund the arms industry as conflict rages in its neighbourhood.

Russia, China step up cybercriminal recruitment, warns Microsoft

Russia, China and North Korea are becoming more aggressive and sophisticated in their recruitment of cybercriminals to steal money, gain intelligence and sway elections, Microsoft said in a threat report released Tuesday.

Boeing to raise up to $25 bn as strike weighs on finances

US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.

Oil prices fall on easing Middle East fears