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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.

Last news

Microsoft says EU more attractive after UK blocks deal

Microsoft on Thursday said the European Union was "more attractive" for businesses than post-Brexit Britain after the latter blocked its vast takeover of video game maker Activision Blizzard on competition fears.

Stocks rise, dollar falls before US growth data

Asian and European stock markets mostly edged higher and the dollar dropped Thursday ahead of first-quarter US growth data.

Spain to vote on key housing law ahead of elections

Lawmakers vote Thursday on a housing bill aimed at capping soaring rents and addressing Spain's dire social housing shortage as the government seeks to bolster the right to affordable housing.

UK bank Barclays profits from rising interest rates

British bank Barclays said Thursday that net profit jumped 27 percent in the first quarter, boosted by rising interest rates and non-repetition of exceptional charges.

Asian stocks rise after shaky start

Asian markets overcame a shaky start to enjoy modest gains on Thursday, bucking a session on Wall Street that saw major indices sink despite a surge in tech.

Asian stocks mixed after lacklustre session on Wall Street

Asian shares were mixed in early trade on Thursday, following a session on Wall Street that saw major indices sink despite a surge in tech.

BP faces angry shareholders over climate plans

Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors.

Ukrainian refugees struggle in nationalist Hungary

Pope Francis is set to meet refugees in Hungary this weekend, shedding light on the plight of Ukrainians trying to rebuild their lives in a state that offers a frosty reception.

Black cowgirls gallop on in face of US rodeo stereotypes

Guiding her brown mare around the arena at breakneck speed, 16-year-old Morissa Hall is extremely focused as she takes on the barrel racing course in the eastern US state of Maryland.

Out of gas in orbit? This US space company is here to help

The US company Orbit Fab is aiming to produce the go-to "gas stations" in space, its CEO tells AFP, hoping its refueling technology will make the surging satellite industry more sustainable -- and profitable.

Samsung Electronics logs worst quarterly earnings in 14 years

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

Meta surges as earnings beat expectations after belt tightening

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.

Republicans set up default clash with US debt limit bill

US Republicans voted Wednesday to raise the national borrowing limit, but only in conjunction with drastic cuts, as they sought a showdown with President Joe Biden over "excessive" spending with a potentially ruinous credit default looming.

Republicans pass bill to avert US debt crisis, slash spending

Strong Microsoft results lift Nasdaq as most global bourses fall

Blockbuster tech earnings lifted the Nasdaq on Wednesday, but recession fears weighed on other major United States and European indices while pushing oil prices lower.

Brazil court suspends Telegram app in neo-Nazi probe

A Brazilian court on Wednesday ordered the countrywide suspension of messaging app Telegram after its parent company failed to provide data sought by authorities on neo-Nazis operating on the network, officials said.

UK blocks Microsoft's $69-bn bid for 'Call of Duty' games giant

Britain on Wednesday blocked Microsoft's $69-billion takeover of "Call of Duty" video games giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Boeing reports another loss in Q1, but confirms forecast

Boeing reported a bigger-than-expected quarterly loss Wednesday due to persistent quality control problems with its jets, but shares rallied as it maintained key medium- and long-term targets.

Germany lifts growth forecast as outlook brightens

The German government Wednesday lifted its growth forecast for this year as rebounding industrial production and slowing inflation helped Europe's top economy weather an energy crisis.

UK block leaves Microsoft's $69-bn Activision takeover in peril

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Dominant US dollar faces challenge from emerging currencies

As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status.

EU unveils reforms for cheaper drugs and to avoid shortages

The EU on Wednesday unveiled a long-awaited proposed reform of legislation governing pharmaceutical drugs to make them cheaper, prevent shortages and boost new antibiotic production.

Major stock markets mostly retreat as recession fears reignite

Major stock markets mostly slid and the dollar faltered Wednesday, fuelled by concerns for the banking sector and broader fears of global recession this year.

'Cut-throat competition' fuels misery in India's crowded cities

Every morning and evening -- and for several hours in between -- tens of millions of Indians sit idle on gridlocked highways and hang from the sides of packed passenger trains in what is becoming the world's most populous nation.

Hard landing: Japan firm fails in historic Moon bid

Japanese start-up ispace conceded Wednesday its ambitious attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions.

Harris pushes abortion as key issue in 2024 US campaign

The same day US President Joe Biden announced his re-election bid, his vice president put forth abortion as a key issue in their 2024 campaign.

EU to revamp budget rules to spur growth

The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.

'Infernal': Fuel crisis driving Cubans round the bend

The streets of Havana are quieter than usual -- many of the rattling old cars the city is known for stand idle amid Cuba's worst fuel shortage in years.

Tiffany to reopen NYC flagship under French management

The tarpaulins and scaffolding that obscured the facade of Tiffany and Co's flagship New York jewelry store for years have finally come down ahead of its re-opening this week.

UK children receiving food aid spikes to over one million: charity

More than a million children in the UK received food aid in the past 12 months, an increase of 300,000 from a year earlier, as the country battles a cost of living crisis, latest figures showed Wednesday.

Japan firm fails in bid for historic Moon landing

Japanese start-up ispace conceded Wednesday its attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions.

Google, Microsoft top expectations as AI rivalry heats up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.

Portugal Colonial - Economy (English)