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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

Victims sue FBI for Epstein probe failings

A dozen victims of disgraced financier Jeffrey Epstein sued the FBI on Wednesday, accusing the agency of failing to adequately investigate allegations against the accused sex offender.

Senior US Fed official backs 'careful' approach to rate cuts

The US Federal Reserve should be "careful" about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by US central bank officials in recent months about moving too quickly.

Argentina's annual inflation soars above 250% in January

Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday.

More hunger, less money: Argentine soup kitchens count rations

In an Argentine soup kitchen, empty plastic containers are piling up from hungry visitors, and the cooks are worried their limited supply of pasta will not be enough to fill them.

Renault bounces back in 2023 with net profit of 2.2 bn euros

French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and price increases that helped it attain a record margin.

Sticky UK inflation stokes Bank of England rate-cut debate

British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.

Research shows lasting effects of smoking after quitting

Researchers are still discovering how smoking continues to harm people's health even years after they quit, with a new study on Wednesday revealing tobacco's lasting effect on the immune system.

Stocks bounce after data-induced drop

European and US stocks rebounded Wednesday from the previous day's sharp losses, as dealers went fishing for bargains, digested lower-than-expected UK inflation and shrugged off equity losses elsewhere.

German auto supplier Continental says to cut 7,150 jobs

German auto supplier Continental said Wednesday it would cut some 7,150 posts worldwide by 2025 as the difficult switch to electric vehicles forces companies in the sector to retool.

'Working is duty': French PM tells rail workers ahead of holiday strike

French Prime Minister Gabriel Attal on Wednesday warned train controllers against disrupting travel during school holidays as ticket inspectors geared up to strike this weekend.

European stocks rebound from losses

European stock markets rebounded Wednesday from the previous day's sharp losses, as dealers went fishing for bargains, digested lower-than-expected UK inflation and shrugged off equity losses elsewhere.

'Mock marriages' give hope to Thai LGBTQ community

Dozens of same-sex couples were joined in the bonds of mock matrimony in ceremonies across Thailand's sprawling capital on Wednesday, in a dress rehearsal for official unions expected later this year if a change in the law goes ahead.

UK's Labour vows action as anti-Semitism scandal reemerges

Britain's main Labour opposition vowed Wednesday to act decisively over allegations of anti-Semitism, after suspending a second prospective MP over "unacceptable comments" about Israel.

Body Shop's UK business slides into administration

The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk.

Sony hikes profit forecast but says PS5 sales to slow

Japan's Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit's sales target, with the flagship console currently in its fourth year on the market.

UK inflation holds at 4.0 percent in January: data

Britain's annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday.

Most of Asia tracks Wall St down as US data dents rate cut hopes

Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.

From insurgent to premier, N Macedonia's PM bridges ethnic divide

Former guerrilla commander Talat Xhaferi became the first ethnic Albanian to lead North Macedonia after being elected as caretaker prime minister late last month, highlighting strides in ethnic relations.

Cambodia warns students of 'losing dignity' on Valentine's Day

Authorities in Cambodia have issued a stern rebuke to students to avoid "inappropriate activities" this Valentine's Day, warning them of the perils of "losing dignity".

Fears that pirates are returning to seas off Somalia

The daring attack in December bore unsettling hallmarks of the piracy that once terrorised global shipping off eastern Africa: a cargo vessel hijacked, its crew taken to Somalia, and disappeared.

US House leader rejects Ukraine aid despite Biden's plea

The Republican leader of the US House of Representatives on Tuesday blocked war aid for Ukraine, ignoring President Joe Biden's plea that passing the bill was vital for standing up to "Russian dictator" Vladimir Putin.

Global stocks drop on sticky US inflation

Stocks in the United States and Europe slumped on Tuesday while the dollar climbed as data showed that US inflation slowed less than expected in January, diminishing chances of an early interest rate cut.

Nine trapped in Turkish gold mine landslide

Hundreds of Turkish rescuers on Tuesday searched through a cyanide-laced field for nine gold mine workers who were swallowed by a massive landslide that rolled over their open pit.

Young Senegalese want to vote no matter what

Street vendor Mohamed Al Amine Toure, 23, is devastated over the delay of Senegal's presidential election. He had been all geared up to go out and vote.

Body Shop's UK business slides into bankruptcy

The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered bankruptcy, administrators said Tuesday, placing thousands of jobs at risk.

From tourism to energy, Senegal economy braces for fallout

Senegal's hotels have seen a wave of cancellations since political unrest hit the West African country and many foreign companies are nervous about the deadly troubles.

Stocks drop on sticky US inflation

Valentine's Day strike misery for UK lovers

Britain's couples could struggle for Valentine's Day gifts and meals after Amazon staff went on strike over pay Tuesday -- and will soon be joined by takeaway delivery drivers, organisers said.

Body Shop's UK arm falls into administration: statement

US Senate passes Ukraine aid bill, House likely to reject it

The US Senate on Tuesday approved long-delayed funding for Ukraine's war effort, part of a foreign aid package that right-wing House Speaker Mike Johnson has indicated his Republican-led chamber will reject.

European stock markets drop tracking data

Europe's main stock markets declined in morning trade Tuesday as investors tracked unemployment numbers and looked ahead to US inflation data due later in the session.

Far right could exploit EU's economic slump to win big in June vote

Soaring food costs, economic stagnation and deteriorating living standards risk pushing voters into the far right's arms in European elections later this year, which could shake up the political agenda in Brussels.

Portugal Colonial - Economy (English)