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Featured

Kroenke to buy baseball's Los Angeles Angels: statement

US billionaire Stan Kroenke on Tuesday agreed terms to buy the Los Angeles Angels baseball team, adding to his sports franchise empire that already includes the NFL's Los Angeles Rams and the English Premier League's Arsenal.

Global bond sell-off, surging oil prices send markets into the red

A sell-off of bonds from key countries worldwide deepened on Tuesday, sending government borrowing costs soaring and equities lower as investors fretted that energy-driven inflation would force central bankers to hike interest rates.

Last news

Netflix soars to 230 mn subscribers, co-founder steps down

US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.

Fed Vice Chair sees high rates 'for some time' to cool prices

Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases.

France gripped by strikes, protests against pension reform

Hundreds of thousands took to the streets in France on Thursday to protest a deeply unpopular pensions overhaul, with some demonstrators clashing with police in Paris, as strikes disrupted public transport, schools and much of the civil service.

Pat Cullen: 'tenacious' leader of UK's striking nursing union

In the space of just a few months, Pat Cullen has become the public face of Britain's nurses, whose historic strike has laid bare a health service on its knees.

US takes 'extraordinary' steps to avoid looming default

The US Treasury began taking measures Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit.

EU parliament head publishes list of gifts

The speaker of the European Parliament, Roberta Metsola, has disclosed the many gifts she has received on behalf of the institution in the past year, as the scandal-hit institution seeks to rebuild credibility.

Mixed results at P&G as consumers adapt to higher prices

Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products giant offset lower volumes with price increases.

Stocks slide on returning recession fears

Stock markets mostly slid and other major assets including the dollar and oil weakened Thursday after disappointing US data renewed worries about possible global recession this year.

Indian tycoon Adani's firm seeks billions from investors

Indian multibillionaire Gautam Adani's flagship conglomerate launched the country's biggest-ever secondary share sale on Thursday, as it seeks to bolster its balance sheet and broaden its shareholder base.

EU parliament chief publishes list of gifts late

The head of the European Parliament, Roberta Metsola, has disclosed the many gifts she has received in the past year, albeit late, as the scandal-hit institution seeks to rebuild credibility.

France gripped by strikes over Macron's pension reform plan

Strikes crippled much of France's public transport on Thursday as protesters came out in force against a deeply unpopular pensions overhaul, with schools and media also heavily affected.

Markets drift after Wall St tumble as recession fears return

Markets were mixed Thursday while oil prices fell and the dollar weakened after disappointing US data renewed worries about a recession in the world's biggest economy.

Tens of millions head home for China holidays as Xi flags Covid worry

Tens of millions in China headed to their rural hometowns for Lunar New Year celebrations Thursday, though President Xi Jinping said he was "concerned" about the countryside's ability to weather a Covid surge.

Asian markets mixed after Wall St tumble as recession fears return

Markets were mixed Thursday while oil prices fell and the dollar weakened after disappointing US data renewed worries about a recession in the world's biggest economy.

The black hell of Albania's ageing oil fields

The people of Zharrez in central Albania live amid a stinking apocalyptic landscape of leaking oil wells and rusting storage tanks, the soil blackened from spills of crude that seep into their water.

Wholesale energy dives but bills remain sky high

Plunging wholesale gas prices have sparked speculation of an end to Europe's energy crisis -- but consumers' electricity and gas bills remain sky high, fuelling runaway inflation.

Macron, Sanchez to ink Franco-Spanish friendship treaty

French President Emmanuel Macron meets Spain's Pedro Sanchez for a joint summit in Barcelona Thursday, with Paris seeking Spanish support for its uncompromising stance on a dispute over US protectionism.

Sakhalin exception: the Russian energy Japan can't quit

This year's Group of Seven president Japan has joined the bloc's condemnation of Russia's Ukraine invasion, imposing sanctions and agreeing on an oil price cap, with one exception: Moscow's Sakhalin energy projects.

France gears up for 'hellish' day of pension protests

France's government was facing a day of strikes and protests Thursday set to disrupt transport and schooling across the country as workers oppose a deeply unpopular pensions overhaul.

Bird statue fetches $100,000 as Musk auctions Twitter HQ items

A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters.

Japan's 2022 trade deficit hits record on energy costs

Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen.

Asian markets track Wall St lower as recession fears return

Most stocks dropped alongside oil prices Thursday and the dollar weakened after disappointing US data renewed worries about a recession in the world's biggest economy.

Saudi camel-whisperers use 'special language' to train herd

The cries of camel herder Hamad al-Marri mean nothing to the untrained ear, but his animals respond instantly, gathering behind him to walk together across the Saudi desert.

Jury hears Musk told 'lies' that cost Tesla investors millions

A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having funding in place to take the company private, costing his clients millions of dollars.

Microsoft to axe 10,000 jobs as tech gloom deepens

Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants.

US stocks retreat while Bank of Japan decision weighs on yen

Wall Street stocks tumbled Wednesday as traders weighed the latest US data showing slowing economic activity, while the yen retreated after the Bank of Japan decided against further tweaking monetary policy.

International arrests over 'criminal' crypto exchange

The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates in Europe, during an international operation against "darknet" markets.

Champagne celebrates record sales in 2022

The waning Covid pandemic in many parts of the world helped put people in a celebratory mood, industry leaders said Wednesday, driving 2022 Champagne sales to an all-time high above six billion euros.

US arrests Russian crypto boss for alleged criminal 'haven'

US authorities said Wednesday they had arrested the owner of China-based cryptocurrency exchange Bitzlato for alleged money laundering, hailing the move as a global "blow to the cryptocrime ecosystem."

UK millionaire says rich people like him should be taxed more

A rich Briton is among a group of millionaires in Davos pushing for governments to tax those like him more in order to bridge a wealth gap he warns is fragmenting the world.

Microsoft says it will axe 10,000 employees over poor economy