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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

EU questions shopping app Temu over illegal products risk

The EU on Friday told Chinese-founded e-commerce platform Temu to hand over more information as it suspects the site is failing to do enough to stop the sale of illegal products.

Han Kang's books sell out in South Korea after Nobel win

Major South Korean bookstores sold out of author Han Kang's books Friday, as sales skyrocketed and the share price of local publishers soared following her historic Nobel Prize win.

Shanghai markets sink ahead of briefing on mixed day for Asia

Chinese shares sank Friday at the end of a volatile week as traders prepare for a highly anticipated briefing where it is hoped authorities will outline fresh fiscal stimulus to add to a raft of measures unveiled last month.

Investors, analysts eye bigger China stimulus at Saturday briefing

Investors and analysts expect China to unveil billions of dollars in new stimulus for its troubled economy Saturday as officials battle multiple headwinds including a prolonged housing crisis and sluggish consumption.

Musk unveils robotaxi, pledges it 'before 2027'

Elon Musk on Thursday unveiled what he said was a robotaxi capable of self-driving, predicting it would be available by 2027 -- about a decade after he first promised an autonomous vehicle.

Asian markets mixed after Wall St drop, Shanghai dips before briefing

Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month.

Automaker Stellantis says CEO will retire in 2026

The struggling auto giant Stellantis said late Thursday that its CEO Carlos Tavares will retire in 2026 when his contract runs out and it is now looking for a successor.

Musk's promised robotaxi unveil delayed

Tesla fans were kept waiting on Thursday for the unveiling of Elon Musk's robotaxi, years after the brash billionaire first promised a car that could drive itself.

Internet Archive reels from 'catastrophic' cyberattack, data breach

The Internet Archive, an online repository of web pages, was offline Thursday after its founder confirmed a major cyberattack that exposed the data of millions of users and left the site defaced.

Wall Street stocks retreat from records on US inflation data

Shares slipped in New York and Europe Thursday as the latest US inflation report dented the odds of rapid interest rate cuts, while crude prices jumped on worries over the Middle East.

Israel strikes central Beirut, killing 22

An Israeli air strike killed at least 22 people in central Beirut on Thursday as Israeli ground troops in Lebanon were accused of firing on the UN's peacekeeping headquarters, injuring two Blue Helmets.

Delta eyes Election Day travel pullback as profits climb

Delta Air Lines reported higher profits Thursday despite a drag from a big information technology outage and said an anticipated November pullback in travel should lift after US elections.

Over 200 women in legal talks with Harrods over Fayed abuse claims

More than 200 women are now in settlement talks with Harrods over alleged abuse by its former owner Mohamed Al Fayed, the upmarket London department store said Thursday.

Musk finally unveiling his long-promised robotaxi

Elon Musk has been promising a car that can drive itself for years, pledging a series of reveals that never materialized. On Thursday he's finally going to show the world Tesla's robotaxi.

London's Frieze art fair goes potty for ceramics

London's Frieze art fair, which opened Thursday, for the first time devotes a special section to ceramics, largely featuring Latin American artists.

US, Europe stocks fall on US inflation data

Shares slipped in New York and Europe Thursday as the latest US inflation report strengthened the case for a slower pace of interest rate cuts.

US consumer inflation eases to 2.4% in September

US consumer inflation cooled slightly less than expected last month, according to government data published Thursday, providing further evidence that price pressures are easing ahead of November's presidential election.

Ikea posts fall in annual sales after lowering prices

Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores.

Stock markets diverge, oil gains after China rebounds

Chinese stock markets returned to winning ways Thursday, closing with solid gains after China's central bank took action to boost purchases of company shares.

South Korean same-sex couples make push for marriage equality

Eleven gay and lesbian couples will attempt to register their marriages in South Korea on Friday, expecting to launch a legal process they hope will get the country to recognise marriage equality.

7-Eleven owner restructures to fight takeover

The owner of 7-Eleven announced a major restructuring on Thursday as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm.

Sri Lanka recovering faster than expected: World Bank

Cash-strapped Sri Lanka's economy was recovering faster than expected, the World Bank said Thursday, doubling the island's growth forecast to 4.4 percent for 2024.

Hong Kong, Shanghai rally as most markets track Wall St record

Chinese markets got back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Uniqlo owner reports record annual earnings

Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom.

Hong Kong, Shanghai rally as markets track Wall St record

Chinese markets get back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Indonesia biomass drive threatens key forests: report

Indonesia's push to add wood-burning to its energy mix and exports is driving deforestation, including in key habitats for endangered species such as orangutans, a report said Thursday.

Mumbai mourns Indian industrialist Ratan Tata

Crowds of mourners gathered in India's financial capital Mumbai on Thursday for the funeral of industrialist Ratan Tata, hailed as a "titan" who led one of the country's biggest conglomerates.

China opens $71 bn 'swap facility' to boost markets

China's central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country's flagging economy.

Asian markets track Wall St record as Hong Kong, Shanghai stabilise

Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers.

'Denying my potential': women at Japan's top university call out gender imbalance

Chika Ezure faced gender bias from her own family when deciding to do a master's degree at Japan's top-ranked university. After arriving on campus, she realised the resistance she faced as a woman was commonplace.

China's central bank says opens up $70.6 bn in liquidity to boost market

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

Youth facing unprecedented wave of violence, UN envoy warns

Young people are facing an unprecedented wave of violence and sexual abuse driven by war, climate change, hunger, and displacement, the UN's special representative on violence against children has warned.

Portugal Colonial - Economy (English)