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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%.

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French startup Mistral AI vows to maintain open source

French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software.

Lego steams ahead despite struggling toy market

Lego cemented its position as the world's biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday.

Most markets push higher as US inflation data looms

Equity markets mostly rose Tuesday following the previous day's sell-off, with focus on the release of US inflation data that could play a key role in the Federal Reserve's decision-making on cutting interest rates.

Ukraine's drone industry seeks to tip scales against Russia

With suit-clad employees sipping coffees, Skyeton's offices in Ukraine's Kyiv region look like a typical tech start-up.

Black box seized after 'technical' failure on Boeing-made LATAM plane

New Zealand investigators Tuesday seized the flight recorder from a Boeing-made LATAM plane, searching for the cause of a mid-air plunge that injured dozens of terrified travellers.

Ancient community banking enters digital age in Cameroon

Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet.

Unemployed Afghans risk death and debt in hunt for gold

Tearing off a piece of mouldy flatbread, Homayon gulped tea in a brief reprieve from the din of the machines he and a dozen other men were using to dig for gold on a mountainside in northeastern Afghanistan.

Watchdogs probe 'technical' failure on Boeing-made LATAM plane

Airline watchdogs were on Tuesday investigating why a Boeing-made plane bound for New Zealand violently lost altitude mid-flight, injuring a host of terrified passengers.

Stocks slip before inflation report, as bitcoin hits fresh record

Global stock markets were mostly lower Monday, as traders prepared for fresh consumer inflation data that could provide new clarity on the US Federal Reserve's battle against rising prices.

Biden 2025 budget plan highlights policy differences ahead of elections

President Joe Biden's ambitious 2025 budget proposal, published Monday, is almost certain to be dead on arrival in the sharply divided US Congress ahead of national elections later this year.

TikTok dragged into US election as Trump opposes ban

In a major reversal, former US president Donald Trump on Monday said he was against a ban of TikTok as the fate of the popular video-sharing app was dragged into the US election campaign.

Stocks slip as bitcoin hits fresh record high

Bitcoin rose struck a fresh record high Monday but stock markets mostly fell as traders awaited more signals on the outlook for US interest rates.

British trader on trial in Denmark for massive fraud

A British hedge fund trader accused of defrauding Danish tax authorities in a billion-dollar scam went on trial in Copenhagen on Monday, with the government hoping to recover the money in the blockbuster case.

Stocks diverge; bitcoin hits fresh record high

Bitcoin struck a fresh record high Monday and stock markets diverged as traders assessed the outlook for cuts to US interest rates.

Stocks diverge; bitcoins hits fresh record high

Bitcoin struck a fresh record high Monday and stock markets diverged as traders assessed the outlook for cuts to US interest rates.

Bitcoin zooms to record beyond $72,000

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.

France's Macron faces backlash on assisted-dying plan

President Emmanuel Macron on Monday faced criticism from French medical workers and the Catholic Church over a draft bill his government plans to present to parliament in May that would allow assisted dying for certain terminally-ill patients.

S. Korea starts process to suspend licences of 4,900 striking doctors

South Korea said Monday it had started procedures to suspend the medical licences of 4,900 junior doctors who have resigned and stopped working to protest government medical training reforms, causing healthcare chaos.

Most Asian markets fall after strong US data, eyes on inflation

Asian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week.

S. Korea starts procedures to suspend licences of 4,900 striking doctors

New 'Kung Fu Panda' kicks all comers to top N.America box office

"Kung Fu Panda 4" opened at the top of the North American box office this weekend and "Dune: Part Two" became the year's first film to pass the $150 million mark domestically as movie-world glitterati gathered in Hollywood for Sunday's Oscars ceremony.

Activists protest Tesla plant expansion in Germany

Several hundred people demonstrated Sunday against plans by Tesla to expand its electric car factory near Berlin, citing environmental concerns.

In climate push, German chemical maker swaps oil for sugar

At one of Europe's largest chemical complexes, German group Covestro is trialling the manufacture of a key product using sugar as a base material instead of oil, as the industry seeks to reduce its carbon footprint.

US embrace of remote working empties offices, weighs on banks

The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks.

In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally

Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise.

Led by Musk, Silicon Valley inches to the right

Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats.

Paris Picasso Museum reopens with new selection

The Picasso Museum in Paris, which houses the world's biggest collection of the Spanish artist's works, is reopening on Tuesday with an overhauled display and a first-ever tribute to his ex-partner, the renowned painter Francoise Gilot.

Haiti capital a 'city under siege' amid spasm of gang violence

Residents of Haiti's capital scrambled for safety Saturday following the latest spasm of gang violence, with a UN group warning of a "city under siege" after armed attackers targeted the presidential palace and police headquarters.

Ireland referendum reforms 'comprehensively' rejected: Varadkar

A dual referendum in Ireland on redefining family and women's roles in the constitution has been "comprehensively" defeated, Prime Minister Leo Varadkar said on Saturday.

Early Irish referendum tallies indicate 'No' vote on family and care

Early tallies from a dual referendum in Ireland on redefining family and women's roles showed a trend towards a "No" vote and a defeat for the government on Saturday.

Soaring food prices dampen Ramadan spirits in Nigeria

The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in a generation leaving many in Africa's most populous Muslim country struggling to buy food.

China consumer prices rise in February for first time in six months

Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country's myriad economic woes.

Portugal Colonial - Economy (English)