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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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Historic drought adds to Argentina's economic woes

Argentina's already fragile economy is now taking a beating from nature, as the worst drought in almost 100 years decimates critical soy, wheat and corn production.

France braces for new protests after pensions deadlock

France on Thursday braced for another day of protests and strikes to denounce President Emmanuel Macron's pension reform after talks between the government and unions ended in deadlock.

UK leases barge to house 500 asylum seekers

Britain on Wednesday announced plans to house around 500 asylum seekers on a barge, as the government seeks cost-cutting measures and deterrents for arrivals crossing the Channel.

Switzerland scraps Credit Suisse execs' bonuses

The Swiss government said Wednesday it would scrap the outstanding bonuses of Credit Suisse's executive board following the bank's implosion and emergency takeover by rival UBS.

US private hiring, services activity cool in March

US private employers slowed their hiring pace in March while services sector activity eased, separate surveys showed Wednesday, in signs that the economy is cooling following efforts to contain inflation.

Four children killed in attack on Brazil preschool

A 25-year-old attacker burst into a preschool in southern Brazil and killed four children Wednesday with a bladed weapon before turning himself in to police, authorities said.

Global equities wobble as US data raises recession fear

World stock markets wavered Wednesday as investors dwelled on US recession concerns and a bumper interest-rate hike in New Zealand.

Video games 'blending' with film, says 'Mario' movie producer

Having created the most successful animated franchise of all time with "Despicable Me" and its spin-off "Minions" films, producer Chris Meledandri knows a thing or two about blockbuster movies.

WTO sees 'subpar' 2023 global trade growth

The World Trade Organization said Wednesday that 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed down by the Ukraine war and stubbornly high inflation.

'History repeats itself' as Lukaku racially abused at Juve

Romelu Lukaku said Wednesday that history was repeating itself in Italian football after the Inter Milan striker was subjected to monkey chants by Juventus fans during the two teams' stormy cup clash.

UBS says Credit Suisse merger the right choice despite risks

UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks, but still the right decision.

TotalEnergies, Iraq agree on delayed $10 bn project

French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal.

German economy to grow in 2023 as outlook brightens

The German economy, Europe's largest, is expected to dodge a recession and grow by 0.3 percent this year thanks to a drop in energy prices, leading economic institutes said Wednesday.

UBS shareholders to weigh in on Credit Suisse mega-merger

UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to Credit Suisse, done in double-quick time behind their backs.

India's 'brown beauty' make-up influencers go global

Under the glow of a ring light in the spare bedroom of a Mumbai high-rise apartment, Indian make-up maven Debasree Banerjee has found fans across the world with a simple philosophy: brown is beautiful.

Asian markets mixed as soft US data raises recession fears

Asian stocks drifted Wednesday after a retreat on Wall Street as data showing a softening in the US jobs market pointed to a slowing economy and fuelled fresh fears of a recession.

Stocks mixed as markets weigh weaker data, odds of interest rate pause

Global equities were mixed Tuesday as markets mulled over how emerging signs of economic weakness will affect interest rate policies.

Biden warns of potential AI technology dangers

President Joe Biden said at a meeting of advisors on the rapidly emerging artificial intelligence sector Tuesday that the jury is still out on whether AI poses a danger to society.

UN says Afghan women staff blocked from work by Taliban order

The Taliban have extended a ban on women working for NGOs to the United Nations' mission throughout the country, a UN spokesman announced Tuesday, calling such an order "unacceptable."

Bordeaux seeks vote on city hall door burned in protests

The mayor of Bordeaux said Tuesday the French city's residents would get to vote on what to do with the city hall door that was spectacularly destroyed by fire during anti-government protests.

US unveils fraud case against CEO of startup bought by JPMorgan Chase

US officials unveiled criminal charges Tuesday against the head of a startup who allegedly defrauded JPMorgan Chase in the course of a $175 million sale to the banking giant.

TikTok hit with UK fine, Australia government ban

TikTok was dealt fresh setbacks Tuesday as Australia joined a list of Western nations banning the Chinese-owned apps from government devices and Britain fined it for allowing children under 13 to use the social media platform.

Lagging behind, Italy's plans for EU funds at risk

When Mario Draghi left Italy's government last year, Brussels fretted over the fate of the EU recovery funds he negotiated for his country. Now, fears are rising that billions of euros could be at risk.

Credit Suisse chiefs say sorry to angry shareholders

Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke.

Raw sewage blights once-idyllic beaches on Isle of Wight

On the Isle of Wight, one of England's most popular seaside holiday destinations since Victorian times, a pipeline stretches out from the shore to pump raw sewage into coastal waters.

Latest banking crisis will be felt for years: JPMorgan Chase CEO

While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday.

One dead, many hurt as Dutch train hits crane

A Dutch passenger train derailed after smashing into a crane early on Tuesday, killing a maintenance worker and injuring 30 other people in the Netherlands' worst rail accident for years.

Israeli mining magnate loses appeal in Swiss corruption case

French-Israeli mining tycoon Beny Steinmetz largely lost on Tuesday his appeal in Switzerland against a 2021 corruption verdict linked to mining rights in Guinea.

First King Charles stamps go on sale in UK

Britain's Royal Mail began selling the first postage stamps featuring the image of King Charles III on Tuesday, following his ascension to the throne in September.

One dead after Dutch train hits crane

A Dutch passenger train slammed into a crane and derailed early on Tuesday, killing a construction worker and injuring around 30 other people in the Netherlands' worst train accident for several years.

Credit Suisse chiefs say sorry to shocked shareholders