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Fast-fashion giant Shein plunges 10% on Hong Kong debut

Fast-fashion retailer Shein fell 10 percent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 billion in a high-profile initial public offering.

Oil extends gains, stocks drop as Trump issues fresh Iran warning

Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the weekend and Donald Trump's warning that he will hit the country "hard".

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Hong Kong revokes visa of Chinese scientist jailed over gene editing

Authorities in Hong Kong said late Tuesday they had cancelled the work visa of a Chinese biophysicist who was jailed for creating the world's first gene-edited babies, throwing cold water on his plans to relocate his research to the city.

Walmart, Home Depot cautious on 2023 as inflation bites

Walmart reported better profits than expected over the critical holiday-season quarter Tuesday, but offered a cautious outlook on the year ahead as inflation squeezes consumers.

Spielberg channels inner child at Berlin film festival

Three-time Academy Award winner Steven Spielberg on Tuesday said childhood trauma had shaped almost all of his work as he prepared to accept a lifetime achievement award at the Berlinale film festival.

Cautious Walmart outlook hits shares despite solid Q4 profits

Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.

EU vows to boost investment in Kenya to strengthen ties

The European Union said Tuesday that it would increase its investments in Kenya by hundreds of millions of dollars, looking to bolster ties in the face of competition from China.

HSBC pre-tax profit slumps on France sale

Bank titan HSBC said Tuesday that annual pre-tax profit tumbled after taking a huge charge on the sale of French retail operations.

Dubai airport sees surge in arrivals bolstered by Russian influx

Dubai's airport welcomed 66 million passengers in 2022, more than double the previous year, it said Tuesday, a spike its chief executive attributed to "huge growth" in Russian travellers.

Anglican group rejects Archbishop of Canterbury as schism widens

A global grouping of 25 Anglican churches has said it no longer recognises Archbishop of Canterbury Justin Welby as its leader following the decision to allow the blessing of same-sex couples in England.

Zalando to cut 'hundreds of jobs'

German online fashion retailer Zalando said Tuesday it plans to cut hundreds of jobs to help it confront a "more challenging" economic environment after years of rapid growth.

Asian markets mixed, with rates set to go higher

Asian markets were mixed Tuesday, with traders trying to gauge the outlook for the US economy as they price in more interest rate hikes than previously predicted.

Energy firms not doing enough to cut methane: IEA

Oil and gas companies are not doing enough to cut methane emissions, the International Energy Agency (IEA) said Tuesday, despite high energy prices making abatement measures mostly pay for themselves.

South Korean court recognises same-sex couple's rights

A South Korean court delivered a landmark ruling on Tuesday recognising the rights of a same-sex couple for the first time, with activists hailing the verdict as a major victory for LGBTQ rights in the country.

HSBC says pre-tax profits slip to $17.5 bn in 2022

Banking giant HSBC on Tuesday announced a dip in 2022 pre-tax profits last year, on impairment charges linked to the upcoming sale of its French retail operations.

'Food for the soul:' caring for elderly left behind in Venezuela exodus

An old radio plays background music as Cira Madrid, 83, prepares coffee for a rare visitor to her small but spotless apartment in Caracas, where she lives alone.

New York 'can enrich my soul' says next Philharmonic head Dudamel

The globally renowned conductor Gustavo Dudamel is set to become the first Latino to lead America's oldest orchestra, and on Monday vowed that "New York will become my city too."

European stocks drift, dollar up tracking rates outlook

Europe's main stock markets steadied Monday after record highs for London and Paris last week as investors bet on prospects for a brighter economy despite lingering recession risks caused by high inflation.

Mauritius lashed by rains as intense Cyclone Freddy arrives

Mauritius cancelled flights and closed its stock exchange Monday as an intense tropical cyclone approached the Indian Ocean island nation, bringing rainfall and gusty winds with it.

Fear the biggest rival: first person to complete Antarctic 2.5 km swim

Chilean Barbara Hernandez, who became the first person recorded to have swum 2.5 kilometers (1.5 miles) in the near-freezing Antarctic Ocean, says fear -- not other people -- is her rival.

First-time filmmaker sparks sensation at Berlin fest

Asked how it feels to see the glowing reviews and ecstatic audiences for her new continent-spanning love story, first-time filmmaker Celine Song leans forward, blushes a little and whispers: "awesome".

Qatari bid for Man Utd poses questions over PSG's future

The announcement that a consortium led by a Qatari banker are bidding to buy Manchester United has raised questions about the potential impact for Paris Saint-Germain, who were taken over by Qatar Sports Investments (QSI) more than a decade ago.

Nigerians struggle with costs of living as election draws near

Like millions of fellow Nigerians, Rotimi Bankole says he wants to use Saturday's presidential elections to push for a better life in his oil-rich but crisis-ridden country.

UAE, Israel unveil joint naval vessel as military ties grow

The United Arab Emirates and Israel on Monday revealed their first jointly created unmanned vessel, illustrating their growing military ties as maritime threats rise in the Gulf region.

Paris transport to hire thousands to get in shape for Olympics

The Paris regional transit authority said Monday that it was seeking to hire thousands of employees to beef up services in time for the coming Rugby World Cup this year and the summer Olympics in 2024.

Gunfight after Afghan Taliban shut key border crossing with Pakistan

Gunfire erupted between Afghanistan and Pakistan border forces on Monday after Taliban authorities shut the country's busiest crossing with its eastern neighbour, officials said.

Asian markets rise but rate concerns cast shadow

Asian markets mostly rose Monday but traders remained on edge as they considered the prospect of more US interest rate hikes aimed at bringing down stubbornly high inflation.

Russia sanctions cripple Greek fur industry

In a large exhibition hall in northern Greece, Russian women would once strike a pose in a gold throne-like armchair, wrapped in their brand-new furs.

Regions in US, China most at risk for climate damage: report

Major industrial and economic centres in China and the United States are among the most vulnerable regions in the world to the increasingly destructive power of climate change-driven weather extremes, according to a comprehensive analysis Monday.

Asian markets swing on lingering rate concerns

Asian markets were mixed Monday with traders on edge as they considered the prospect of more US interest rate hikes aimed at bringing down stubbornly high inflation.

After rioting, Suriname leader appeals for return to normalcy

President Chan Santokhi on Sunday called on the people of Suriname to return to work after a spasm of rioting over the cost of living in the tiny South American country.

Kenya's Ruto urges accountability for world polluters

Kenyan President William Ruto called Sunday for rich countries to be held accountable for driving global warming and for a revamp of international financial institutions to better fight climate change.

Turkey quake survivors rescue belongings for uncertain future

"We don't know when we'll be able to come back," said Bilal Jawir as he finished loading a van with his family's things and prepared to leave the earthquake-hit Turkish city of Antakya.

Luxury sector eyes reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.

Portugal Colonial - Economy (English)