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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

Wind-powered Dutch ship sets sail for greener future

The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping to plot a route to bringing down the shipping industry's huge carbon footprint.

Potholes, a British obsession with a heavy price

Dotting the asphalt, they come in various shapes and sizes, costing drivers a fortune in vehicle repairs and even lives. In Britain, potholes are increasingly a scourge and an obsession.

Lab-grown diamonds put natural gems under pressure

The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.

Made-in-China airliner seeks buyers at Singapore Airshow

China's first domestically produced passenger jet was presented at Asia's biggest airshow, which opened in Singapore on Tuesday, as Beijing seeks to woo international buyers.

China cuts key mortgage rate to boost economy

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.

China shares dip as central bank cuts key rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

Capital One to buy Discover for $35.3 bn

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

UN agencies warn of 'explosion' in Gaza child deaths

An alarming lack of food, surging malnutrition and the rampant spread of disease could spark an explosion in child deaths in Gaza, the United Nations warned Monday.

Made-in-China airliner shown overseas at Singapore Airshow

China's first domestically produced passenger jet will be presented to potential buyers in an international debut at Asia's biggest airshow, which opens in Singapore on Tuesday.

Italy takes over troubled steel mill

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation.

Stock markets diverge before more key earnings

Major stock markets diverged Monday as traders awaited more earnings updates this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart.

Eiffel Tower closes as staff go on strike

The Eiffel Tower, one of the world's top tourist attractions, was closed Monday after staff went on strike, unions told AFP.

Asian stocks mostly up as China enjoys Lunar New Year bump

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

Ukraine PM seeks reconstruction help in Japan

Ukraine's prime minister urged Japan's government and private sector on Monday to step up support for the country's reconstruction, promising an "economic miracle" once the almost two-year-old war with Russia ends.

China new year holiday spending surges past pre-pandemic levels

China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

Asia stocks mixed as China enjoys Lunar New Year bump

Chinese stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate cuts.

New Bob Marley film gets box office love in N.America theaters

Paramount's new musical biopic "Bob Marley: One Love" enjoyed the adoration of North American theatergoers this weekend, topping the box office with estimated earnings of $27.7 million, industry watcher Exhibitor Relations reported Sunday.

Japan's 'naked men' festival succumbs to population ageing

A steam of sweat rose as hundreds of naked men tussled over a bag of wooden talismans, performing a dramatic end to a thousand-year-old ritual in Japan that took place for the last time.

Could mini nuclear stations plug South Africa's power gaps?

South African nuclear scientists want to build a new generation of mini nuclear reactors, both to plug holes in their own country's blackout-plagued grid and to build an export industry for the future.

Family ties and city life stitch style into London Fashion Week

Familial nostalgia, cultural roots and the frenetic pace of London life marked the second day of the city's Fashion Week on Saturday as up-and-coming designers showed off their styles for the season ahead.

DR Congo accuses Rwanda of airport 'drone attack'

DR Congo's army on Saturday accused Rwanda of carrying out a night-time drone attack that damaged civilian aircraft at the airport in the strategic eastern city of Goma.

Singapore engineer pivots from oil rigs to 'fish farm of the future'

A high-tech fish farm floats just off the coast of Singapore, part of a plan by a retired engineer who once built oil rigs to bring diners cleaner, healthier seafood.

WTO chief insists global trade body still counts

The head of the World Trade Organization insisted Friday the WTO was still relevant as it prepares for its main gathering with few major deals on the table.

Tens of thousands protest Hungary child abuse pardon

Tens of thousands protested Friday in central Budapest against a presidential pardon in a child abuse case that is becoming the biggest political crisis Hungarian Prime Minister Viktor Orban has faced since his return to power in 2010.

US Fed should be patient as rate cuts considered: official

The US Federal Reserve should "resist the temptation to act quickly" as it contemplates the right time to begin interest rate cuts, a senior bank official said Friday.

US wholesale prices rose more than expected in January

US wholesale prices rose more than expected in January, according to government data published Friday, as services costs were lifted by a jump in the index for hospital outpatient care.

Russian invasion catalyst for renewables in Ukraine: minister

The wartime destruction of its coalmines and several of its power plants are proving a catalyst for Ukraine's renewable energy transition, said the country's Energy Minister German Galushchenko.

France, Germany block EU deal on scaled-back app worker law

France and Germany on Friday refused to back a watered-down agreement on controversial EU rules covering app workers in the gig economy, European diplomats said.

Hot US inflation report stops Wall Street stocks rebound

A larger-than-expected rise in US wholesale prices Friday rekindled worries over the timing of interest rate cuts and brought a halt to Wall Street's recent rebound.

London Fashion Week kicks off with tribute to New York

London Fashion Week kicked off Friday with a tribute to New York, as Princess Diana's favoured couturier delivered a show featuring scarves and blouses adorned with the city's famous taxis and skyscrapers.

'Resilient' Africa set for growth rebound: ADB

Africa saw the pace of economic growth sag last year as inflation continued to rise but is set to rebound this year, the African Development Bank said Friday.

UK bank NatWest shakes off CEO turmoil as profits jump

British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil.

Portugal Colonial - Economy (English)