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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

Eiffel Tower to remain closed Saturday morning, unions say

France's Eiffel Tower was to remain closed on Saturday morning as staff voted to extend a strike over the monument's management, unions said Friday.

France, Armenia hail military ties amid Russia tensions

France and Armenia on Friday hailed growing military cooperation as Armenian leader Nikol Pashinyan seeks to reduce his small country's dependence on former master Russia.

Stocks waver after Nvidia-induced record rally

Global equities wavered Friday as investors digested a record-breaking week powered by US technology titan Nvidia's blockbuster results and the artificial intelligence boom.

Four dead, 14 missing after fire guts Spanish apartment block

At least four people died in a huge fire that ripped through a 14-storey apartment block in Valencia, eastern Spain, and at least 14 were reported missing, with officials warning on Friday that the death toll could rise.

French prosecutors probe sex abuse accusations against top psychoanalyst

French prosecutors are investigating accusations of rape and sexual assault, including of minors, against top French psychoanalyst Gerard Miller, they said on Friday.

Shipping insurance rates soar on Red Sea missile attacks

Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.

Asian markets advance after record rallies

Asian shares climbed Friday following a day of record highs in Japanese, US and European markets after demand for AI-powering chips drove tech gains.

Audience favorite 'True Detective' to return for fifth season

US crime series "True Detective" will return for a fifth season after the recently wrapped up edition -- following two women officers in frigid Alaska -- proved a hit with viewers, broadcaster HBO announced Thursday.

Swiss-Italian chocolate war set to end with sweet truce

Swiss giant Lindt said Thursday a deal may soon be reached with group of Italian artisan chocolatiers that will allow for the creation of a protected status for Turin's famed gianduiotto.

Lagos state intervenes to ease Nigeria cost of living crisis

The governor of Nigeria's Lagos state on Thursday unveiled a series of measures aimed at easing the soaring cost of living after protests broke out.

Argentine austerity anger mounts, but govt says its working

Argentine trains ground to a halt and hospitals were left running on fumes this week as austerity measures sparked mass walkouts -- even as the country boasted its first budget surplus in 12 years.

US Fed official warns of inflationary risk of over-consumption

A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption.

Gaza economy shrank by more than 80% in 4th quarter due to conflict: World Bank

The Israel-Hamas war has had a "catastrophic" impact on Gaza's infrastructure and caused its economy to contract by more than 80 percent in the fourth quarter of the year, the World Bank said.

Nvidia reignites stock rally, Tokyo smashes 34-year high

Global stock markets rallied Thursday as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence, with records falling in Asia, Europe and North America.

US home sales tick up in January on lower mortgage rates

Existing home sales in the United States crept up in January, according to industry data released Thursday, on slightly higher listings and demand as buyers made the most of cooler mortgage rates.

Tokyo smashes 34-year high as Nvidia reignites stock rally

Global stock markets rallied Thursday, with Tokyo breaking a record high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence.

Turkey ends tightening cycle, keeps interest rate at 45%

Turkey's central bank maintained its key interest rate at 45 percent on Thursday, marking the end of its monetary tightening cycle after eight consecutive months of hikes.

France complains of Russian 'threats' to military

France's air force pilots have been threatened with attack by Russian forces during patrol missions in international air space, French Defence Minister Sebastien Lecornu said Thursday.

Tokyo stock market breaks long-standing record high

Global stock markets rose Thursday, with Tokyo breaking its record-high that had stood since 1989, as investors cheered bumper profits from US chip giant Nvidia, seen as the bellwether for artificial intelligence.

Financial security, not fine art, helps drive Japan stocks to record high

Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs.

'Haunted' ChatGPT cranks out gibberish for hours

ChatGPT spewed nonsensical answers to users' queries for hours Tuesday into Wednesday before eventually returning to its senses.

Norway salmon farms turn to veggie menu

Norway's fish farms are feeding their salmon an increasingly vegetarian diet in order to make their businesses more sustainable, but for these carnivorous pink-fleshed fish, all is not rosy.

Asian markets climb, Tokyo hits record after US tech gains

Asian markets were mostly up on Thursday, with Tokyo's benchmark index posting a record high, after greater-than-expected earnings from tech giant Nvidia.

Japan's Nikkei breaks bubble-era record

Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s.

Elton John items fetch $8 million at New York auction

Nearly $100,000 for Elton John's monogrammed silver boots and around $2 million for a triptych by street artist Banksy from his collection: the music icon's personal items brought in almost $8 million at auction Wednesday in New York.

TSMC diversifies out of hotspot Taiwan with new Japan plant

Surrounded by fields of carrots and cabbages, workers are putting the finishing touches to a factory opening on Saturday that is a milestone for both US ally Japan and Taiwanese chip giant TSMC.

Asian markets open higher after US tech gains

Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates.

In a doughnut in Japan, unlocking the power of the Sun

With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.

Qantas says profits down but reputation rebounding

Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic.

Nvidia quarterly profit soars on demand for AI chips

Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence.

Global stocks mixed on Fed rate cut caution ahead of Nvidia results

Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.

Boeing replaces 737 MAX chief after January mid-air scare

Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes.

Portugal Colonial - Economy (English)