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US shows strong job growth in August in boon to Trump ahead of midterms

The US job market registered strong growth in August, government data showed on Friday, outperforming expectations and offering President Donald Trump's Republican Party a boost ahead of upcoming midterm elections.

Stocks slip as robust US jobs data stokes rate hike chances

Stocks mostly fell on Friday after the US economy created far more jobs than expected last August, making it more likely the Federal Reserve would raise interest rates last to rein in stubbornly high inflation.

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US manufacturing growth slows to lowest since 2020: survey

US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well as easing price pressures, according to an industry survey released Monday.

Kim Kardashian pays $1.26 mn for unlawful crypto promo

US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.

UK's new Tory govt in major U-turn over tax cut for wealthy after uproar

Britain's under-fire Conservative government on Monday announced a dramatic U-turn on a controversial tax cut for high-earners, part of a debt-driven economic package that has bombed with the markets, electorate and much of the ruling party.

OPEC+ tipped to make big cut in oil output

Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the Covid pandemic in efforts to buttress prices.

UK economy not out of woods despite tax U-turn

Britain's debt-fuelled economy remains threatened by recession and the pound mired by trouble despite the government of new Prime Minister Liz Truss performing a swift tax U-turn.

Paris abandons controversial re-landscaping around Eiffel Tower

The Paris mayor's office has abandoned plans for new buildings around the foot of the Eiffel Tower following months of protests from environmentalists and a petition signed by nearly 150,000 people.

UK's new govt in major tax U-turn after uproar

Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut unveiled as part of an economic package that has bombed with the markets, electorate and his party.

Markets drop as traders eye jobs and earnings, oil jumps

Stocks slipped on Monday as investors await key US jobs data, while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates.

UK's new govt makes major tax U-turn after uproar

Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an economic package that has bombed with the markets, electorate and his party.

Tesla says deliveries increased in Q3

New vehicle deliveries by Tesla increased in the third quarter, beating the previous three months during which its Chinese factory was shuttered for multiple weeks, the US electric automaker announced Sunday.

Paramount's gruesome 'Smile' tops N.America box office

New psychological horror film "Smile" has Paramount executives beaming after topping the North American box office with an estimated $22 million in weekend ticket sales, industry watcher Exhibitor Relations reported Sunday.

Poll puts Bulgaria ex-PM Borisov back on top but short of allies

Exit polls indicated the party of conservative former premier Boyko Borisov has come first in Bulgaria's general election Sunday, the country's fourth in 18 months, held amid mounting anxiety over soaring inflation and the impact of the Ukraine war.

Fall of Ukraine rail hub threatens Russian war gains

As Russian troops retreat after losing the key Ukrainian town of Lyman they need to set up a new frontline to protect their dwindling gains -- but one key supply route has already been cut off.

Hundreds protest in Turkey in support of Iranian women

Hundreds of protesters took to the streets in Turkey on Sunday to condemn Iran's crackdown on women-led demonstrations sparked by a young woman's death after her arrest by the country's notorious morality police.

UK's PM faces TV inquisition ahead of tense Tory conference

After a week of market turmoil, dismal headlines and disastrous polls, British Prime Minister Liz Truss faces a TV grilling Sunday at the start of her restive Conservative party's annual conference.

No Terminator: Musk teases 'useful' humanoid robot

Elon Musk on Friday showed off the latest version of a humanoid robot that the world's richest man said could one day eliminate poverty.

US suicide rate rose in 2021 after falling for two years

The US suicide rate rose in 2021, particularly among young men, according to official data out Friday -- an increase that ends a two-year-decline.

Cyberattack reveals Mexico president's health scare

Hackers have stolen sensitive Mexican files including previously undisclosed information that President Andres Manuel Lopez Obrador was taken to hospital by air ambulance in January with a heart problem, the government said Friday.

Tribute to Issey Miyake at Paris Fashion Week

Japanese label Issey Miyake paid tribute to its late founder at Paris Fashion Week on Friday with the sort of choreographed dance show that he pioneered.

Foreigners arrested as Iran protests over Amini death enter third week

Iran said Friday that nine foreigners were arrested over deadly street protests sparked by the death of Kurdish woman Mahsa Amini, as demonstrations across the country entered a third week amid gunfire.

Strong US dollar an unstoppable force endangering other currencies

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.

EU to cut power use, levy energy companies

EU ministers on Friday agreed cuts to peak-hour power consumption and windfall levies on energy companies in an urgent effort to bring down sky-high energy prices.

Tobacco giant Altria ends non-compete accord with Juul

Tobacco giant Altria said Friday it ended a non-compete agreement with Juul, which is mired in a fight with a US agency over its ability to sell vaping products.

Key US inflation index shows signs of slowing in August

A closely-watched measure of US inflation showed the annual pace of price increases slowed slightly in August as energy costs fell and increases in food costs eased, according to government data released Friday.

Eurozone inflation jumps to record 10% as energy prices soar

Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.

Clashes as Iran protests over Mahsa Amini death enter third week

Iranian security forces opened fire on angry protesters as street violence sparked by the death of Kurdish woman Mahsa Amini entered a third week on Friday, foreign-based opposition media reported.

UK teen died after 'negative effects of online content': coroner

A 14-year-old British girl died from an act of self harm while suffering from the "negative effects of online content", a coroner said Friday in a case that shone a spotlight on social media companies.

UK avoids recession in boost for under-fire Truss

Britain is not yet in recession, revised data showed Friday in a boost for under-fire Prime Minister Liz Truss, but its economy may still face a downturn on soaring interest rates.

Eurozone inflation jumps to record 10%

Japan's digital minister says he's ready for a fight

Japan's media-savvy digital minister said Friday he's ready to take an iron-fisted approach to speed up the nation's slow embrace of online services at government offices and workplaces.

French economy minister 'worried' by British 'disaster'

France's economy minister said Friday that he was worried by the financial turbulence in Britain, criticising Prime Minister Liz Truss's economic policies for causing a "disaster" of high borrowing rates for her country.

Markets mixed after sell-off, sterling edges up after recovery

Markets in Asia and Europe were mixed Friday after another tough day on US trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.

Portugal Colonial - Economy (English)