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Featured

Walmart Agrees to $50 Million Settlement Over Opioid Prescription Allegations

Walmart has agreed to pay $50 million to settle federal allegations that its pharmacies knowingly filled thousands of illegal opioid prescriptions. The Department of Justice accused the retailer of prioritizing sales over compliance with controlled substance laws from 2013 onward, citing internal emails that deprioritized safety protocols.

Nepal rescuers drill through debris towards trapped tunnel workers

Nepali rescuers trying to reach hydropower workers believed trapped in tunnels swamped by flood debris deployed heavy machinery on Sunday, after rain and rising river waters hampered earlier efforts.

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Hollywood bracing for writers strike as talks end

Hollywood was preparing for a major strike by thousands of TV and movie writers, as talks to avoid a walkout ended Monday without a deal just hours before a crunch deadline.

Asian markets open higher as investors weigh Wall Street losses

Asian equities rose at the open on Tuesday following a holiday weekend, as investors digested losses on Wall Street after the takeover of First Republic Bank.

Qantas names Vanessa Hudson as first female chief executive

Australia's Qantas Group named Vanessa Hudson as its first female chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.

Search still on for alternatives to Musk-owned Twitter

Since Elon Musk took over Twitter in October, users irked by the platform's new regime have vowed to move their online presence elsewhere, though this has proved harder than some had banked on.

US hospitals broke law by denying emergency abortion: govt

Two hospitals in the US Midwest violated federal law by denying an emergency abortion to a woman who had gone into premature labor and putting her life in danger, government officials said Monday.

US stocks down after First Republic Bank takeover

Wall Street stocks ended lower on Monday as markets digested the takeover of the embattled First Republic Bank, while awaiting a key Federal Reserve policy decision this week.

Relief at First Republic sale, but US banks still face pressure

JPMorgan Chase's takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from higher interest rates.

US markets mixed after First Republic Bank takeover

Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week.

Clashes erupt at French May Day protests against Macron

Protesters clashed with security forces across France on Monday as hundreds of thousands of people took to the streets for labour day to vent their anger against President Emmanuel Macron's pension reform.

Macron minister raises eyebrows with racy novel

A new novel by French President Emmanuel Macron's heavyweight finance minister, containing one breathlessly erotic passage that has gone viral, has forced the government to explain how he finds the time for such penmanship in a period of economic trouble.

JPMorgan to buy First Republic after regulators seize control

US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.

UN holds Afghanistan crisis talks in Qatar, without Taliban

The Taliban will be absent from UN-led talks that open Monday in Qatar on how to handle Afghanistan's rulers and press them to ease a ban on women working and girls going to school.

Hollywood writers strike looms as deadline nears

Hollywood faced a cliffhanger moment Monday as talks to avert a potentially catastrophic strike by thousands of TV and movie writers remained unresolved just hours before a crunch deadline.

Germany hopes to help climate with discount travel card

Germany launches on Monday a new flat-rate public transport ticket valid across the country, but the 49-euro ($54) price point has raised doubts about the pass's potential impact.

Jewellery with Nazi links set to fetch $150mn at auction

Christie's auction house will next week launch the sale of hundreds of jewels that belonged to Austrian billionaire Heidi Horten, whose German businessman husband made his fortune under the Nazis.

'Super Mario' is year's first film to pass $1 bn globally

"The Super Mario Bros. Movie" easily held its first-place position on North American movie screens this weekend while its accumulated global total pushed past the $1 billion mark, analysts said Sunday.

Armed attack kills 10 in Ecuador port Guayaquil

At least 10 people were killed in an armed attack overnight in Guayaquil, Ecuador's main port city and economic hub that is under a state of emergency due to rising drug violence, police said Sunday.

Kaweni: France's biggest shantytown in the Indian Ocean

With its maze of huts housing 15,000 souls on a green hillside in the Indian Ocean island of Mayotte, Kaweni has grown into France's largest shantytown.

Investments, inheritance leave Charles III sitting on a fortune

Through inheritance, royal estates and shrewd investing while a prince, Charles III will be crowned on May 6 with a considerable fortune to his name.

Qatar spends big to beat post-World Cup blues

Months after hundreds of thousands of football fans packed into its hotels and stadiums, Qatar is seeking to remedy a bout of the post-World Cup blues by hosting more international events.

ECB set to hike again but analysts divided on how much

The European Central Bank is expected to deliver another interest rate increase Thursday, but analysts are divided on how big the hike will be against a backdrop of stubborn inflation and market turmoil.

Turkey nears referendum on Erdogan's two-decade rule

Turkish President Recep Tayyip Erdogan dives Sunday into the final two-week stretch before a momentous election that has turned into a referendum on his two decades of divisive but transformative rule.

China factory activity cools in April as recovery challenges loom

China's manufacturing activity contracted in April, official figures showed Sunday, due to slack global demand and a slow domestic recovery after lifting Covid-related curbs.

US Fed expected to hike again despite signs of slowing economy

The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high inflation.

Armed robbers hit Paris Bulgari jewellery boutique

Armed robbers raided the Bulgari luxury jewellery boutique in the swanky Place Vendome in central Paris in broad daylight Saturday, making off with an estimated several million euros' worth of items, police and prosecutors said.

Nikki Haley, others struggle to gain 2024 ground on Trump

Nine months before the first 2024 US presidential primary, Donald Trump's onetime UN envoy Nikki Haley is barnstorming early-voting New Hampshire, one of several Republicans scrambling to dent the huge poll lead of the nomination front-runner.

Huge fire at Crimea fuel depot after drone strike: authorities

A huge fire broke out on Saturday at a fuel depot in Sevastopol, the main port in Moscow-annexed Crimea, with authorities saying it was the result of a drone attack.

Apple and Amazon 'committed' to big screen, says theaters boss

Movie theater owners are confident that previously streaming-focused tech giants Apple and Amazon are now "committed" to putting their films on the big screen -- even if Netflix still declines to -- their trade body's new president told AFP.

First Republic bank in limbo as shares fall further

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits.

Qatar's Sheikh Jassim makes final bid to buy Man Utd: sources

Qatari banker Sheikh Jassim bin Hamad Al Thani has made a third and final offer to buy Manchester United, sources told AFP on Friday.

Global stocks mostly up as yen tumbles after Bank of Japan decision

Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.

US Fed calls for tougher bank rules after SVB collapse

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Portugal Colonial - Economy (English)