Portugal Colonial

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Stocks drop as Warsh fans US rate hike bets, crude up on US-Iran strikes

Asian stocks fell Monday as hawkish comments from Federal Reserve boss Kevin Warsh saw investors ramp up bets on a US interest rate hike, while oil prices spiked after a fresh flare-up in the US-Iran war.

Nepal buries dead as rescuers seek thousands missing

Nepal was burying on Monday some of the hundreds of bodies retrieved after a deadly, tsunami-like flood crashed through the Himalayan region, sweeping away villages and leaving thousands still missing.

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Musk defends paid Twitter as blue tick ultimatum looms

Elon Musk on Friday defended his controversial pay model for Twitter, claiming that any social media platform that didn't follow suit would fail because they would be swarmed by bots.

IMF approves $15.6 bn Ukraine loan package

The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday.

Fifteen hurt as two Swiss trains derail in storm

Fifteen people were injured, including at least one seriously hurt, in two separate train derailments that happened in quick succession Friday in stormy wind in northwestern Switzerland, police said.

Andrew Tate to move from jail to house arrest: Romania court

A Romanian court on Friday ordered that controversial influencer Andrew Tate and his brother be moved from jail to house arrest while they are investigated for alleged human trafficking and rape.

Mixed reception to UK unveiling trans-Pacific trade pact membership

The UK's announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership -- the country's biggest post-Brexit trade deal to date -- earned a mixed reception on Friday.

Pirates kidnap six crew from Danish ship off West Africa

Pirates who seized a Danish oil tanker off Congo last week have kidnapped six crew and abandoned ship, the French navy said Friday.

Eurozone and US inflation slow, bringing respite to policymakers

Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers.

Italy blocks AI chatbot ChatGPT over data privacy failings

Italy said on Friday it was temporarily blocking ChatGPT over data privacy concerns, the first western country to take such action against the popular artificial intelligence (AI) chatbot.

Stocks advance as inflation slows

Stocks advanced Friday as data showed inflation slowing in the eurozone and the United States, and a UK economy performing slightly better than thought.

Racism claims against ex-England captain Vaughan 'not proved'

Former England cricket captain Michael Vaughan has been cleared "on the balance of probabilities" of using racist language before a Yorkshire match in 2009.

Erdogan embarks on his toughest election test

President Recep Tayyip Erdogan travels to the heart of Turkey's earthquake disaster zone on Friday to formally kick off the toughest election campaign of his two-decade rule.

Eurozone inflation slows sharply in March as energy costs drop

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs declined, official data showed Friday.

UK recession risks linger despite brighter growth data

The UK economy performed slightly better than thought in the final quarter of last year, revised data showed Friday, but analysts warned of recession risks as inflation remains sky high.

European equities extend gains on inflation slowdown

Europe's stock markets advanced Friday on news of slowing eurozone inflation and a UK economy performing slightly better than thought.

Huawei reports huge drop in profits; Meng appointed chair

Huawei posted a massive drop in 2022 profits on Friday, as the company battered by US sanctions appointed its CEO's daughter to be its rotating chair.

Small store is lifeline for locals in war-torn Ukraine

With pink-painted walls, the small general store stocks a little bit of everything -- from cheese to cigarettes to shampoo -- providing a lifeline to local residents and soldiers.

Eurozone inflation falls sharply to 6.9% in March

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs eased, official data showed Friday.

LGBTQ Ugandans desperately seek safety from anti-gay law

"They are going to arrest us because I cannot pretend to be what I am not," said Alex, a gay man in Uganda, where MPs last week passed what has been criticised as among the world's harshest anti-gay legislation.

Huawei reports huge drop in profits as US sanctions bite

Huawei's profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant's earnings.

Pirates kidnap some crew from Danish ship in Gulf of Guinea

Pirates who seized a Danish oil tanker off Congo last week have abandoned the ship and taken some crew members with them, while the rest were found in good health, the ship's owner said Friday.

France's CGT union elects first woman as chief amid protests

France's CGT trade union federation on Friday elected surprise candidate Sophie Binet as secretary general, making her the first woman to hold the post since the body's creation in 1895, senior members told AFP.

Divided over Ukraine, Bulgaria votes for fifth time in two years

Bulgarians head to the polls on Sunday for the fifth time in two years, with the EU's poorest member -- traditionally close to Moscow -- divided over the invasion of Ukraine.

China manufacturing slows in March, services growth hits 12-yr high

China's manufacturing activity slowed in March, official figures showed Friday, while growth in the services and construction sectors surged to a 12-year high.

Japan unveils export control plans for chip equipment

Japan on Friday unveiled plans to control exports of 23 items used to make semiconductors, following US pressure for countries to impose restrictions to contain China.

Big E3 videogame expo in US is canceled

Sponsors of E3, a long-running videogame trade show, pulled the plug on its 2023 gathering, announcing on the event's website Thursday they will "reevaluate" the future of the expo.

UK claims post-Brexit win by sealing trans-Pacific trade pact membership

The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks.

Markets build on gains as bank, rate concerns ease

Most Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle.

Oscar Pistorius: Olympian hero turned disgraced killer

At the 2012 London Olympics, before 80,000 roaring fans and a constellation of camera flashes, it took Oscar Pistorius 45.44 seconds to become a global icon.

In US, men unravel stereotypes -- by knitting

Knitting has surged in popularity once again in the United States in this age of pandemics and self-care.

Panama sees record number of US-bound migrant kids

The number of US-bound children who crossed the dangerous Darien Gap between Panama and Colombia exploded by a record sevenfold in the past year, authorities said.

Vatican rejects doctrine used to justify colonial abuse

The Catholic Church took a fresh step Thursday in acknowledging abuse endured by Indigenous peoples with the Vatican formally rejecting 15th-century papal edicts that empowered Europeans to colonise non-Christian lands.

Man buys NY's iconic Flatiron building at auction, then backs out

The investor whose $190 million auction bid won him the world-famous Flatiron Building failed to complete the transaction, and the Manhattan skyscraper may go back on the block if a runner-up also forgoes purchasing rights, a broker said Thursday.

Portugal Colonial - Economy (English)