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Tech firms rally on mixed day for Asian markets, with eyes on US inflation

Tech firms rallied on a mixed day for Asian stocks Monday, with traders gearing up for a crucial week of events culminating in US inflation data that could determine the Federal Reserve's decision on interest rates.

ECB set to hike interest rates as Iran war flares anew

The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation.

Last news

Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Stocks diverge, ruble slides tracking economic unrest

Europe's top stock markets rose Thursday after a mixed Asian showing, as traders assessed chances of a global recession in the wake of runaway inflation.

Hundreds stranded after ransomware attack on Indian airline

Hundreds of Indian air travellers were stranded inside their planes after the low-cost airline SpiceJet cancelled or delayed flights due to an "attempted ransomware attack", the company has said.

Asian markets mostly down as Li remarks overshadow Fed minutes

Asian markets mostly fell Thursday as Chinese Premier Li Keqiang warned the world's number two economy was in some ways worse off now than during the early days of the pandemic.

For Ukraine's Roma, discrimination adds to agonies of war

Forced to flee fighting, Lyudmyla was assured the authorities would rehouse her in a town in western Ukraine. But when she arrived, they took one look at her and turned her away.

Asian markets mixed as traders weigh Li remarks, Fed minutes

Asian markets were mixed Thursday as minutes indicating a less hawkish Fed were offset by China's premier warning that the world's number two economy was in some ways worse off now than during the early days of the pandemic.

China premier issues warning on Covid-hit economy

China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth.

Filing says Elon Musk to borrow less in Twitter bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal.

Global stocks mostly rise as Fed reiterates plan to battle inflation

Global stocks mostly rose Wednesday as markets adopted an optimistic view of Federal Reserve minutes that reiterated plans to raise interest rates.

Fed officials stressed 'determination' to bring down inflation

US central bankers stressed their "strong commitment and determination" to bring raging inflation under control including with more big interest rate increases, according to the minutes of the latest policy meeting released Wednesday.

Venezuela's state bank announces partial share sale

Venezuela's state bank said on Wednesday it would sell up to 10 percent of its shares as part of the government's plan to inject capital into public companies struggling due to a lack of investment.

US files formal trade complaint against Canada over dairy

The United States on Wednesday filed a second formal trade complaint against Canada over Ottawa's dairy import policies, which Washington says harms American producers.

Stock markets drift higher before Fed minutes

Stocks rose Wednesday ahead of the release of the minutes of the latest Federal Reserve meeting in a break in the bearish sentiment that has gripped equity markets.

Trans-themed film dazzles Cannes in Pakistan debut

The first-ever Pakistani entry in a Cannes Film Festival competition has left audiences slack-jawed and admiring of its daring portrait of a transgender dancer in the Muslim country.

European and US stock markets struggle to recover

European and US stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

European stock markets struggle to recover

European stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

British retailer Marks and Spencer exits Russia

British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country's invasion of Ukraine.

French green activists block TotalEnergies' annual meeting

More than 100 activists sought to block oil giant TotalEnergies' annual general meeting in central Paris on Wednesday to protest the energy firm's climate policies and continued presence in Russia following the invasion of Ukraine.

'We are not alone': Wartime solitude on Ukraine's ghostly front

The ground shook and birds scattered moments after Natalia Timofeyenko climbed out of her bunker to reassure herself that she was not alone on the east Ukrainian front.

Stock markets mixed as traders weigh dark outlook

Markets were mixed Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Oil, gas firms use Ukraine war to resist climate efforts: report

US oil and gas firms took advantage of energy worries over the Ukraine war to push their fossil fuel products and resist climate change regulatory measures, an analysis showed on Wednesday.

Asian markets swing as traders mull dark outlook

Asian markets fluctuated Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Ukraine war pushes Brazil toward natural fertilizers

Fearing Russia's invasion of Ukraine will disrupt its crucial supply of fertilizer imports, agricultural powerhouse Brazil is increasingly turning to natural alternatives.

Amazon delivery pressure hurting workers, labor group says

A labor coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of packages to customers.

Tunisia's first LGBTQ play lifts curtain on hidden violence

It's the first queer play to be staged in Tunisia -- director Essia Jaibi's latest work aims to challenge conservative attitudes in a country where same-sex acts are punishable by prison terms.

Countries agree to overhaul WHO funding

Shaken by the pandemic, the World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health agency, giving it much more money to spend on its own priorities.

Argentina to ease exchange control for oil and gas companies

Argentina on Tuesday announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

Gunman kills 15 at Texas elementary school

An 18-year-old gunman killed 14 children and a teacher at an elementary school in Texas on Tuesday, according to the state's governor, in the nation's deadliest school shooting in years.

Stocks mostly fall after sentiment Snap-ped

Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the owner of Snapchat that spooked investors and further shocked the tech sector.

US new home sales fall sharply in April amid rising prices

US new home sales plunged in April to their lowest in two years, even as prices continued to climb, according to government data released Tuesday, as would-be buyers felt the heat of soaring inflation and rising interest rates.

Stocks fall after sentiment Snap-ped