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Asian markets drift as investors assess Fed outlook
Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity.
Academy unearths long-lost 'race films' in Black cinema exhibit
Long before Denzel Washington, Spike Lee or even Sidney Poitier, generations of pioneering and revolutionary Black US filmmakers played a key role in shaping early American cinema and dispelling pejorative stereotypes, a major new Hollywood exhibition argues.
Oil prices fall but inflation stays high
Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high.
Stocks mostly up as markets digest Fed rate signals
US and European stock markets mostly rose on Thursday as investors digested US economic data and Federal Reserve signals that it will maintain its agressive monetary-tightening policy to combat inflation.
UK pet owners face grim choices amid soaring costs
Unable to afford the cost of cremation for his much-loved dog Khan under the weight of sharply increasing living costs, David Mcauliffe turned to a social media group offering help for under-pressure pet owners.
Germany to fall short of gas stock targets: regulator
The head of Germany's energy regulator said on Thursday that the country would almost certainly fail to meet its gas reserve targets in the face of a Russian supply squeeze.
In UK, workers strike as inflation crushes earnings
Railway and postal staff, dockers too. Britain's workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace.
Okinawa to Atlanta: Japan's hip-hop queen Awich
The self-proclaimed queen of Japanese hip-hop Awich has stories to tell, from discovering rap as a rebellious teenager in Okinawa to losing her husband to gun violence in America.
Cuba unable to identify remains of 14 firefighters after fuel plant blaze
The remains of 14 firefighters who died combatting a major blaze at a Cuban fuel depot last week are too badly burned to be identified, a specialist said Wednesday.
UN's Guterres, Turkey's Erdogan to meet Zelensky in Ukraine
UN chief Antonio Guterres will meet the leaders of Ukraine and Turkey in Lviv on Thursday, following a deal reached last month that allowed the resumption of grain exports after Russia's invasion blocked essential global supplies.
Fed says more US rate hikes coming, pace will slow 'at some point'
US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the hikes "at some point," the Federal Reserve said Wednesday.
More US rate hikes coming but 'at some point' pace will slow: Fed
US central bankers remain committed to raising interest rates further to quell rising prices, but agreed that "at some point" it would be appropriate to slow the pace of such hikes, the Federal Reserve said Wednesday.
Boxing star Joshua avoids comment in Saudi as tweeter jailed
Boxer Anthony Joshua declined to comment on human rights in Saudi Arabia as news broke Wednesday that a woman had been jailed for 34 years over her Twitter activity, days before his world heavyweight fight in Jeddah.
IMF sees Saudi growth soaring 7.6% this year on high oil prices
The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday.
US retail sales flatline in July as gas prices fall
US retail sales held steady in July as gas prices fell sharply, but the new data released Wednesday showed consumers are still spending, keeping the pressure on the Federal Reserve to continue its aggressive interest rate hikes.
Chinese tech giant Tencent revenue falls for first time since going public
Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China's economic downturn, pandemic disruptions and ongoing scrutiny from regulators.
Tech stocks sink world's biggest sovereign wealth fund
Norway's sovereign wealth fund, the world's largest, shrank by some 1.68 trillion kroner ($173.2 billion) in the first half of the year, weighed down by tech stocks, the Norwegian central bank said Wednesday.
China reconnects nuclear reactor after shutdown due to damage
A nuclear reactor in southern China has been reconnected to the electricity grid more than a year after it was shut down to repair damage, its operator said.
UK inflation hits new 40-year high as food prices rocket
British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.
South Korean founder of failed Terra coin admits he was 'wrong'
The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators.
Markets track Wall St up as traders weigh economic outlook
Markets rose with oil prices on Wednesday following a rally on Wall Street, with Asia given a lift after China's premier called for more measures to boost the struggling economy.
Asian markets track Wall St up as traders weigh economic outlook
Markets rose in Asia on Wednesday following a rally on Wall Street and after China's premier called for more measures to boost the struggling economy.
Asian markets fluctuate as traders weigh economic outlook
Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway inflation, in turn fuelling fears of a possible recession.
Cuba authorizes foreign investment in wholesale, retail
The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.
Stocks end mostly higher amid mixed economic news
Global stocks moved mostly higher on Tuesday, as investors were buffeted by mixed economic news and a surge in European natural gas prices that later reversed.
Ex-Man Utd star Giggs admits to lifelong infidelity in court testimony
Former footballer Ryan Giggs admitted Tuesday to being unfaithful in all his past romantic relationships but denied ever being violent towards partners, as he gave evidence over charges of assault and coercive control of an ex-girlfriend.
S.Africans rally to mark Marikana massacre 10th anniversary
Thousands of people gathered in the South African town of Marikana on Tuesday to mark a decade since dozens of striking workers were killed in the worst act of police violence since the end of apartheid.
Walmart results top estimates as inflation alters consumer behavior
Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday.
US industrial output jumps in July on solid manufacturing gain
A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday.
Chinese ship docks in Sri Lanka despite India, US concerns
A Chinese research vessel docked at Sri Lanka's Chinese-run southern port of Hambantota on Tuesday despite concerns from India and the United States about its alleged spying activities.
China factories ration power as heatwave sends demand soaring
Chinese lithium hub Sichuan province will ration electricity supply to factories until Saturday, state media reported, as a heatwave sends power demands soaring and dries up reservoirs.
Zelensky warns Zaporizhzhia 'catastrophe' would threaten whole of Europe
A "catastrophe" at the Russian-controlled Zaporizhzhia nuclear plant in southern Ukraine would threaten the whole of Europe, Ukrainian President Volodymyr Zelensky warned on Monday.
Napoli thump Verona as Osimhen racially abused
Napoli ran out convincing 5-2 winners at Verona on Monday in their opening match of the Serie A season which was marred by Victor Osimhen being targeted by racist abuse from the stands.
Putin pushes Russia's combat-tested arms for export
President Vladimir Putin on Monday promoted Russian weapons to his foreign allies, saying they had all been tested on the field of battle.
Stuttering China recovery weighs on Asian markets
Asian markets mostly rose Monday as investors cheered signs of cooling US inflation but optimism was dampened by data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector.
UK Yoga 'warriors' fighting to diversify booming industry
London-based yoga instructor Stacie Graham is on a mission to make the ancient practice more racially and socially diverse, urging her charges to become "warriors for change" in the booming industry.
China cuts rates as economic recovery weaker than expected
China's central bank slashed key interest rates Monday in a bid to kick-start the country's stuttering economic recovery as data showed factory output and retail sales for July came in weaker than analysts' expectations.
China's factory output, retail sales up in July but weaker than expected
Factory output and retail sales in China edged up in July but were weaker than analysts' expectations, official data showed Monday, as a Covid-19 resurgence and property market jitters cast a pall over hopes for a stronger economic recovery.
All systems go in Houston as NASA prepares return to Moon
Rick LaBrode has worked at NASA for 37 years, but he says the American quest to return to the Moon is by far the crowning moment of his career.