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Ex-F1 boss Bernie Ecclestone admits fraud at UK court
Former Formula One supremo Bernie Ecclestone on Thursday pleaded guilty in a UK court to charges of failing to declare a multi-million-pound trust in Singapore to the British tax authorities.
IEA says risk of oil supply disruptions is limited
The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited but that it stands ready to intervene in markets if necessary.
EasyJet announces major Airbus deal as sector recovers
British no-frills carrier EasyJet on Thursday said it has reached a deal worth close to $20 billion for 157 Airbus planes and alterations to a previous order.
Talks to end Hollywood actors strike 'suspended': studios
Talks between Hollywood actors and studios over an ongoing strike were suspended Wednesday, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry.
Fiji minister urges 'quicker' plastic pollution treaty
The world must move faster on a plastic pollution treaty that is currently not expected to be finalised before the end of next year, Fiji's deputy prime minister told an international summit on Thursday.
Asian markets press on with rally, China fund boosts optimism
Asian stocks extended the week's gains on Thursday, undeterred by forecast-beating US wholesale inflation data as investors grew increasingly hopeful the Federal Reserve would not hike interest rates further.
Chickens keep Indigenous Guatemalans from migration agonies, for now
A brood of chickens cluck in the barn as Rebeca Perez collects eggs to sell in her village in western Guatemala -- an endeavor she hopes will keep her from emigrating to the United States as her brothers did, driven by poverty.
Fertile Cuba relies on food imports as farmers lack seeds, fuel
Crop production has plummeted in fertile Cuba as aid for farmers from a government grappling with tough sanctions and the worst economic crisis in decades has dried up.
Stock markets mixed ahead of US inflation report
US stocks ended the day higher and bourses in Europe were mixed Wednesday, while European gas prices hit six-month highs on supply constraints.
Birkenstock shares sink on Wall Street debut
Shares of German sandals maker Birkenstock fell almost 13 percent from their introductory price on Wednesday, on its first day trading on the New York Stock Exchange.
US Fed agreed to hold interest rates high 'for some time': minutes
US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday.
Birkenstock shares fall in Wall Street debut
Shares of German sandals maker Birkenstock fell about 10 percent from their introductory price on Wednesday, in premiere trades on a New York Stock Exchange whose floor was dotted with the footwear.
US Fed official lauds 'very good' progress on inflation
The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.
Finland gas pipe likely damaged by 'mechanical force': police
Finnish authorities on Wednesday said the leak leading to the shutdown of a natural gas pipeline from Estonia to Finland appeared to have been caused by "mechanical" force and not a blast.
Vienna drugstores offer free period products for women in need
Austria's capital Vienna on Wednesday rolled out a programme to combat "period poverty" with drugstores offering free sanitary products to disadvantaged women.
Mali cancels Air France clearance to resume flights: officials
Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday.
Stock markets hold onto gains after rally
US and European stock markets were broadly steady Wednesday, holding onto big gains made the previous session, while European gas prices hit six-month highs on supply constraints.
World Bank needs to get 'better', 'bigger': president
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics.
German economy to shrink in 2023, govt says
The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump.
UK businesses ask for help after rise in shoplifting
British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis.
European stock markets steady after rally
European stock markets steadied Wednesday after big gains the previous session, while European gas prices hit six months highs on supply constraints.
Qatar signs 27-year gas supply deal with France's Total: state energy firm
Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday.
Birkenstock to debut in New York with $8.6 bn IPO valuation
German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."
World Bank needs to get 'bigger': president
The World Bank could raise its lending capacity by $150 billion in the next decade but it will need to become "bigger" to respond to global challenges, its president said Wednesday.
'Immediate' cuts to methane from fossil fuel needed: IEA
Methane emissions from fossil fuels must be slashed immediately to limit climate warming, and major reductions are possible with existing technologies at low cost, the International Energy Agency said Wednesday.
China to hold Belt and Road celebration with Putin expected
China announced Wednesday it will host a gathering of foreign leaders next week to celebrate a decade of its Belt and Road infrastructure project, with Russian President Vladimir Putin expected to attend.
Birkenstock to debut in New York with $8.6 bn IPO
German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."
Asian markets build on global rally as Fed pause hopes grow
Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.
'Not proud at all': Japan's army struggles to recruit
A recent open day at a Japanese military base near Tokyo was a fun family outing but, despite the games and snacks, the army recruitment stand was bereft of visitors.
Birkenstock to target $8.6 bn IPO valuation: reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.
Birkenstock to target $8.6 bn IPO valuation: media reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.
Stocks rise, oil dips as markets assess Israel-Hamas conflict
Major equity markets advanced Tuesday after top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil fell one day after surging on the Israel-Gaza conflict.
Star witness at US crypto trial says Bankman-Fried ordered fraud
Disgraced crypto wunderkind Sam Bankman-Fried was the mastermind behind a scheme to defraud FTX clients of billions of dollars, the star witness in his US trial testified on Tuesday.
LVMH sales growth falters in third quarter
The world's top luxury group LVMH said Tuesday that its third quarter sales were nearly flat at 19.96 billion euros ($21.2 billion), a one percent increase from the same period last year.
London mayor says concerned by bedbug outbreaks in France
London's mayor warned Tuesday that a spike in bedbug cases across France "is a real source of concern", as fears grow of the blood-sucking insects spreading to Britain.
Pre-election jitters send Argentine peso to new lows
The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate.
Yellen urges more IMF, World Bank reforms for climate fight
US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.
Russian forces close in on east Ukraine's Avdiivka
Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely.
UK Labour leader Starmer vows 'decade of national renewal' if elected
Britain's opposition leader Keir Starmer vowed Tuesday to spearhead a "decade of national renewal" if his Labour party returns to power after nearly 14 years in a general election expected next year.