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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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Learning a language for loss: Uyghur school in US offers link to homeland

At a weekend school in the US state of Virginia, language classes serve a dual purpose for young Uyghurs -- cultural preservation, and access to vocabulary to discuss the plight of relatives in China.

Giant SpaceX rocket leaves crater, serious damage at Texas base

Flying chunks of concrete, twisted metal sheets, craters blasted deep into the ground: the thunderous power of SpaceX's first test flight of Starship -- the biggest and most powerful rocket ever built -- inflicted serious damage on its Texas launch site.

'Super Mario' fights off 'Evil Dead' to stay on top in N.America

"The Super Mario Bros. Movie" did an impressive $58.2 million in ticket sales in North American movie theaters this weekend, easily fending off two new challengers, estimates showed Sunday.

US retailer Bed Bath & Beyond files for bankruptcy

Bed Bath & Beyond filed for bankruptcy Sunday, cementing a years-long decline that saw losses surpass a billion dollars annually as the US retailer struggled to adapt to an uncertain economy and the dominance of online shopping.

UK Labour suspends prominent MP over racism letter

The UK's main opposition Labour party suspended prominent member Diane Abbott as an MP on Sunday, pending an investigation into comments she made that Jewish people were not subject to racism "all their lives".

Manufacturers hope for AI boost in factories

Manufacturers are hoping for the artificial intelligence revolution to reach their factories, envisaging robots being used to repair complex machinery.

Signs of hope for China property market, but boom is over: analysts

Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on course to slow down in the long term.

Investors hope for answers in Credit Suisse, UBS results

When Credit Suisse's unveils what are likely its final quarterly results Monday, investors will be seeking clues to the magnitude of the challenges awaiting UBS, after it was strongarmed into taking over its stricken rival.

Family's frustration 30 years after racist murder rocked Britain

Thirty years after the murder of their son in a racist attack, Stephen Lawrence's parents are tired of broken promises.

Diane von Furstenberg: From Brussels to the big time in the States

Diane von Furstenberg is a US fashion icon. But she never forgot her Belgian roots -- as evidenced by a return to Brussels, the city of her birth, to celebrate a half-century of her glamorous career.

Google stops work on big Silicon Valley campus: report

Google has paused construction of a massive campus in the Silicon Valley city of San Jose as it reins in costs, CNBC reported on Friday.

US, European stocks finish higher after mixed data and earnings

European and US stocks edged higher on Friday following mixed data and corporate results, as markets await peak earnings season and central bank actions.

LA art exhibition on Middle East women opens amid US reproductive rights row

An exhibition of work by female artists on women in the Middle East opens in California this weekend, as a fierce battle over women's reproductive rights grips the United States.

Ukrainian farmers worried as allies choke off export route

Petro Potapenko looks at the piles of grain on his farm and wonders if he will be able to export his production now that Ukraine's western neighbours have imposed import restrictions.

London seeks to keep Europe fintech crown despite Brexit

From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion and intends on keeping its crown despite Brexit fallout and declining investments.

Canada pledges Can$13.2 bn subsidies for VW battery plant

Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion US) in subsidies over 10 years for Volkswagen's first overseas battery plant, to be built in St. Thomas, Ontario.

Mexico finally finds buyer for luxury presidential jet

Mexican President Andres Manuel Lopez Obrador said he has finally found a buyer for a luxury presidential jet that he once called an "insult" to the people -- the government of Tajikistan.

Comoros refuses migrants expelled in France standoff

The Indian Ocean archipelago of the Comoros warned Friday it would not accept migrants expelled from the neighbouring French island of Mayotte in a looming operation that has triggered a diplomatic spat.

Key dates of Twitter rollercoaster ride under Musk

There has rarely been a moment of calm since Elon Musk bought Twitter last year, quickly fired thousands of workers and restored ex-president Donald Trump's account.

Europe stocks waver after recession-driven losses elsewhere

Europe's main stock markets wavered on Friday, as dealers digested mixed data and paused after losses elsewhere that were rooted in global recession fears.

Trinity the T-Rex bought by art foundation, to go on show in Antwerp

An art foundation made the winning $6-million-bid for a composite Tyrannosaurus rex skeleton at an auction in Switzerland this week and will put it on public display, the auction house said Friday.

Disney marks centenary with retrospective in Munich

Disney is putting its cultural legacy on show in Germany in a multimedia exhibition featuring memorabilia from the Magic Kingdom, including the first ticket to Disneyland and drawings from its most famous animated pictures.

Strike brings rail traffic to a halt in Germany

Rail traffic came to an almost complete standstill in Germany on Friday as workers across the country went on strike to demand higher wages to help offset inflation.

Most markets track Wall St losses on rate, recession fears

Asian markets fell Friday on lingering recession worries as data indicated the US economy was slowing down, while Federal Reserve officials pressed their case for further rate hikes to battle stubborn inflation.

Musk's moves felt from Wall Street to the Vatican

Elon Musk was at the news epicenter Thursday, from stripping Pope Francis of Twitter verification to Tesla's drag on stocks and the explosion of the world’s largest rocket.

Fast fashion under spotlight on Bangladesh factory disaster anniversary

On April 24, 2013, a clothing factory complex near Bangladesh's capital collapsed, killing at least 1,138 workers.

Brazil may surpass US as world's No. 1 corn exporter

On his farm in the state of Mato Grosso, Brazil's grain basket, Ilson Jose Redivo finished planting his corn crop a few weeks ago, acting quickly once he'd harvested the soybeans that he'd grown on the same fields.

Police investigating $20mn gold heist at Toronto airport

Canadian police said Thursday they are investigating a heist of more than Can$20 million (US$15 million) in gold and other "high-value" goods being moved through the Toronto airport.

Reports show meager profit outlook for midsized US banks

Banks were among the poorest-performing sectors on Wall Street Thursday, after earnings from midsized lenders pointed to a weakening profit outlook in the aftermath of a recent industry crisis.

US seeks 'constructive and fair' economic ties with China: Yellen

The United States seeks a "constructive and fair economic relationship" with China, even as Washington holds firm in defending the country's national security, Treasury Secretary Janet Yellen said Thursday.

Some ECB policymakers wanted rate hike pause: minutes

Some European Central Bank policymakers wanted to pause hiking interest rates at their last meeting in March due to financial market turmoil, minutes published Thursday revealed.

EU parliament denounces Uganda anti-gay bill

The European Parliament voted to condemn Uganda's anti-LGBTQ bill Thursday and urged the European Union to find a way to pressure President Yoweri Museveni into not implementing it.

Portugal Colonial - Economy (English)