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Featured

Jaguar Land Rover to cut 4,000 jobs as European car sector hits skids

Jaguar Land Rover said Monday that it would cut "around 4,000 roles over the next two years", or about ten percent of its global workforce, in a further blow to Europe's automobile industry.

US average diesel price rises to record $5.90 a gallon: AAA

Average diesel prices in the United States climbed to a new record Monday, the motorists' association AAA said, as damage to Gulf refineries during the war against Iran disrupted supplies.

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US stocks finish bruising week on positive note

Wall Street stocks rebounded Friday after a bruising week beset with worries over inflation, the Ukraine war and the economic outlook.

Stocks bounce after Fed boss calms nerves over rates

The rebound on global stock markets extended further Friday on easing fears about the pace of interest rate rises in the United States that are aimed at bringing down the country's highest inflation in decades.

Frontline milkmaids tell tale of Ukraine's trust in outgunned army

The 26 cows feeding Oksana But and her sister in the east Ukrainian war zone are both a blessing and a curse.

UAE's ailing President Sheikh Khalifa dies aged 73

The United Arab Emirates' President Sheikh Khalifa bin Zayed Al-Nahyan died aged 73 on Friday, state media said, after battling illness for several years.

Musk says deal to buy Twitter 'temporarily on hold'

Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging.

Markets rebound after Fed boss calms nerves over rates

Global stock markets rebounded Friday on easing fears about the pace of interest rate rises in the United States that are aimed at bringing down the country's highest inflation in decades.

UAE President Sheikh Khalifa has died: official media

The United Arab Emirates' President Sheikh Khalifa bin Zayed Al-Nahyan died aged 73 on Friday, state media said, after battling illness for several years.

Emirates airline announces 'significantly' lower $1.1 bn annual loss

Emirates airline announced a "significantly reduced" annual loss of $1.1 billion dollars on Friday, down from $5.5 billion a year earlier, as pandemic travel restrictions ease.

In new album, Kendrick Lamar delivers introspection and biting social critique

Kendrick Lamar, the rapper whose poignant lyricism has soundtracked the Black Lives Matter movement and compelled many to call him the voice of a generation, dropped his first solo album in five years on Friday.

Honda yearly earnings solid despite chip crunch

Japanese auto giant Honda said Friday net profit rose 7.6 percent in the financial year to March, benefiting from strong motorbike sales and a weaker yen.

Asian stocks up after Fed boss calms nerves over rates

Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment.

Germans rethink their way of death

Germans are finding that death no longer quite becomes them.

Contemporary art to the metaverse: Takashi Murakami's poppy trip

Takashi Murakami is known for blending pop art and Asian fine arts, but for his latest exhibition in New York, he is moving into the metaverse.

Degas, Picasso sculptures bring record prices in New York

A sculpture by Edgar Degas sold Thursday for $41.6 million at Christie's in New York, the highest price paid at auction for a work by the French artist, while a bronze by Pablo Picasso also broke a record.

Asian stocks up as investors calm over potential Fed moves

Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, which rebounded at the close after investors calmed down about US policies to counter surging inflation.

Lawyer who argued landmark US abortion case outraged over possible reversal

The leak of a US Supreme Court draft ruling that would seemingly overturn the landmark Roe v. Wade decision securing a nationwide right to abortion has sparked widespread outrage -- but attorney Linda Coffee is especially miffed.

US abortion debate spills over into Canada

Anti-abortion activists galvanized, supporters of the right to the procedure aghast and worried: a debate in the United States has spilled over the border into Canada.

US baby formula shortage gives Biden new headache

The White House vowed Thursday to take action to boost supplies of baby formula as President Joe Biden was slammed by Republicans for crippling shortages nationwide.

Baby formula shortage gives Biden new headache

The White House vowed Thursday to take action to boost supplies of baby formula as President Joe Biden was slammed by Republicans for crippling shortages nationwide.

US Senate confirms Powell for second term as central bank chief

The US Senate on Thursday confirmed Jerome Powell to a second term as head of the Federal Reserve, as the central bank fights to crush soaring inflation.

Global stocks down, euro slumps over growth and inflation worries

World equities mostly fell Thursday and the euro hit a five-year dollar low as investors worried about growth amid stubborn inflation and rising interest rates.

US Senate set to confirm Powell for second term as central bank chief

The US Senate was poised Thursday to confirm Jerome Powell to a second term as head of the Federal Reserve, as the central bank works to crush soaring inflation.

Global stocks, euro slump over US inflation alarm

World equities tanked Thursday and the euro hit a five-year dollar low as slowing US inflation failed to dent fears of rising global interest rates.

Show over for Paris' famed Lido cabaret

High-kicking showgirls and nightly cabaret shows at the famed Parisian Lido club on the Champs-Elysees are set to be a thing of the past after the venue's new owner confirmed mass lay-offs on Thursday.

Global stocks slump on alarm over US inflation

World equities tanked Thursday as slowing US inflation failed to dent fears of rising global interest rates and sent oil prices diving on demand concerns.

UK recession risk gathers pace as economy shrinks in March

Britain's economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession.

Taiwan's Foxconn says impact from Chinese lockdowns limited

Taiwanese tech giant Foxconn on Thursday said the impact on production from Covid lockdowns in China was "limited" and most of its facilities in the country were operating normally.

How Sri Lanka's economy went into a tailspin

Sri Lanka is suffering its worst economic crisis since its independence from Britain in 1948.

Asian, European stocks down as inflation fears churn markets

Asian and European equities slumped on Thursday following Wall Street's lead, after a key US report renewed fears of inflation and a tightening of monetary policies.

UK oil capital tackles the energy transition... up to a point

In Aberdeen, northeast Scotland, offshore wind turbines, the extension to the city's port, and hydrogen buses are clear evidence of the move to green energy.

SoftBank reports record loss as tech shares tank

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech-share rout and a regulatory crackdown in China.

Nissan reports first full-year net profit in three years

Nissan said Thursday its full-year net profit to March 2022 returned to the black for the first time in three fiscal years, citing cost-saving efforts and positive US market conditions.

Portugal Colonial - Economy (English)