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Featured

German factory orders rise again in latest recovery sign

German factory orders climbed in July for the third month in a row, official data showed Friday, the latest sign that the struggling industrial sector of Europe's biggest economy is gradually recovering.

IUX Announces Two New Podcast Series: IUX Market Trendline and The Market Journey

IUX has announced the two new podcast series, IUX Market Trendline and The Market Journey, expanding its educational content for audiences interested in financial markets and trading.

Last news

Actor who accused Spacey says was 'frozen' during alleged 1980s assault

US actor Anthony Rapp told a New York courtroom Friday that he froze up when he was allegedly assaulted by Kevin Spacey as a minor in 1986, on the second day of the disgraced Oscar winner's trial over the accusation.

Veil protests present Iran with its 'Berlin Wall' moment, activist says

Iran may use the Islamic veil as a tool of oppression, but the hijab is also the weakest pillar of an embattled regime trying to forestall its own "Berlin Wall" moment, an Iranian-American activist based in New York tells AFP.

Tesla to deliver 1st electric semis to PepsiCo in December

PepsiCo said Friday it will receive its first Tesla semi-trucks December 1, a vehicle Elon Musk has said can travel 500 miles on a single charge.

US job gains slow, but not enough to ease inflation worries

US job gains slowed slightly in September, offering some good news for the Federal Reserve as it works to cool the economy, but official data Friday also showed wages continued to rise which underlined the challenge to tamping down rampant inflation.

Stocks fall, dollar boosted by US jobs data

Stocks mostly slid and the dollar surged Friday after US jobs data showed only a timid slowdown in the labour market, setting the stage for further aggressive interest rate hikes.

US hiring slows in September as unemployment rate dips

Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back down to the same level as July, the government reported Friday.

Crypto scammers make off with $100 mn from Binance

Scammers stole cryptocurrency worth roughly $100 million from Binance, the world's biggest exchange for cryptoassets, the firm said on Friday.

Ireland voices hope of end to post-Brexit trade row in N.Ireland

Ireland's foreign minister Simon Coveney on Friday gave hope of an end to wrangling over post-Brexit trading rules in Northern Ireland, as talks resumed to break the impasse.

Adidas puts partnership with Kanye West 'under review'

German sportswear giant Adidas said Friday it was reconsidering its partnership with Kanye West after the US rap star reportedly became disgruntled with how the brand was marketing his products.

Chipmaker TSMC's sales buck estimates, competition slowdown

Taiwanese semiconductor giant TSMC posted better-than-expected third-quarter profits on Friday as rivals warn that demand for consumer electronics is being hit by the global economic downturn.

French motorists scramble for fuel as strike cuts supply

Frustrated motorists faced more chaos at petrol pumps across France on Friday as a strike at energy giant Totalenergies entered its 12th day.

Families mourn Thai nursery dead ahead of king's visit

Weeping, grief-stricken families gathered Friday outside a Thai nursery where an ex-policeman murdered nearly two dozen children in one of the kingdom's worst mass killings.

Bringing down inflation will take time, more rate hikes: Fed officials

The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday.

Musk asks court to halt upcoming Twitter trial

Elon Musk asked a US judge Thursday to halt an upcoming trial over his troubled bid to take over Twitter, after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation.

Musk says Twitter has refused to suspend litigation on buyout

Elon Musk asked a US judge Thursday to suspend Twitter's lawsuit over their troubled takeover negotiations after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation.

IMF chief says world better prepared for this crisis

The global economy is at a difficult crossroads, buffeted by multiple shocks including soaring inflation, rising interest rates and a growing threat of broad debt crisis, but IMF Managing Director Kristalina Georgieva told AFP that institutions are better prepared to weather this storm.

Chagall painting stolen by Nazis to be auctioned in New York

A painting by Marc Chagall, which was among 15 works stolen by Nazis and eventually returned by France to the heirs of the affected families, will go on sale next month in New York, the Phillips auction house said Thursday.

Floods to drag up to 9 million Pakistanis into poverty: World Bank

Between six and nine million Pakistanis are set to be dragged into poverty as a result of cataclysmic monsoon flooding linked to climate change, the World Bank said on Thursday.

Spain smashes giant counterfeit money ring

Spanish police said Thursday they had smashed one of Europe's largest counterfeit money rings that had made over eight million euros of fake cash.

Revamp of World Bank and lenders needed to tackle global problems: Yellen

The World Bank and development lenders need to evolve to tackle the complex challenges that the world is facing, such as by going beyond country-based lending, US Treasury Secretary Janet Yellen said Thursday.

Diamond millionaire hopes to rock Lesotho vote

Sitting at the desk of a grand office in Lesotho's capital of Maseru, Sam Matekane doesn't attempt to hide his ambition.

OPEC+: a thriving Saudi-Russian marriage of convenience

By ignoring the United States and slashing its oil production, the OPEC+ group of petro-states demonstrated the tightening bond between Saudi Arabia, normally a close US ally, and Russia.

IMF chief urges action as global recession risks rise

IMF chief Kristalina Georgieva urged global policymakers Thursday to take concerted action to avoid a "dangerous 'new normal,'" as the risks of a worldwide recession are driven ever higher by repeated economic shocks.

Barcelona predict record revenues, rising profits

Barcelona on Thursday forecast profits of 274 million euros (270.7 million dollars) this season and record revenues of 1.255 billion euros.

Gunman murders at least 37 in Thai nursery attack

A former police officer shot dead at least 37 people, most of them children, when he stormed a nursery in Thailand on Thursday in one of the kingdom's deadliest mass killings.

Kenya lobby groups protest lifting of ban on GM crops

Activists and agriculture lobby groups on Thursday urged Kenya's government to reverse its decision to lift a long-standing ban on genetically modified crops as the country struggles with a crippling drought.

'Gold dust': Liberians queue for rice

In the Clara Town suburb of Liberia's capital Monrovia, Aminata Kanneh stands sweating under the hot midday sun, queueing in a 100-metre-long line to buy rice.

Annie Ernaux: 'I'm just a woman who writes'

A feminist icon for generations in France and beyond, the newly crowned Nobel literature laureate Annie Ernaux described herself to AFP earlier this year as "a woman who writes -- that's all".

Gunman murders at least 35 in Thai nursery attack

A former police officer shot dead at least 35 people, most of them children, when he stormed a nursery in Thailand on Thursday in one of the kingdom's deadliest mass killings.

Live and Let Buy: James Bond auction nets record haul for charity

A James Bond sale in London featuring the fictional superspy's Aston Martin cars, suits and wristwatch has raised £6.9 million ($7.8 million) for charity -- more than all previous 007 sales at the auction house combined.

Gunman murders at least 30 in Thai nursery attack

A former police officer stormed a nursery in Thailand on Thursday, shooting dead at least 30 people, most of them children, before killing himself and his family.

Markets mostly up as focus turns to key US jobs report

Equity markets rose Thursday as traders fought to extend this week's global rally, though concerns about the impact of a huge oil output cut on inflation tempered hopes that central banks could soon ease their rate hike campaigns.

Portugal Colonial - Economy (English)