The National Times

Stocks advance, euro rallies

Stock markets mostly advanced on Tuesday, while the euro rallied against the dollar as traders looked ahead to a key European Central Bank meeting later this week.

Airbus tails Boeing in Farnborough jet orders tussle

European planemaker Airbus trailed its fierce US rival Boeing in an orders battle on the second day of the Farnborough airshow on Tuesday, as southern England buckled under a record heatwave.

Court battle opens in Musk, Twitter buyout fight

The high stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44 billion buyout deal.

French farms use huge fans to keep dairy cows cool

With new record high temperatures being set across France it isn't just humans that are suffering: even cows high in the mountains need fans to get through the heatwave.

Kenya rejects blame over Omanyala US visa debacle

Kenyan authorities have rejected blame over a US visa hitch that may have robbed African 100-metre champion Ferdinand Omanyala of a chance of a medal at the World Championships in Oregon.

Stocks advance despite Apple report concerns

Stock markets mostly advanced on Tuesday despite fresh recession worries on a report tech titan Apple may scale back hiring and investment.

European stocks steady amid Apple report concerns

Europe's main stock markets steadied and the euro rallied against the dollar Tuesday as traders looked ahead to a key European Central Bank meeting later this week.

Venice pushes tourists to drink from fountains and shun plastic

A few steps from Venice's St. Mark's Square, a little girl fills her water bottle at a courtyard fountain, a haven of peace far from the hordes of tourists.

Markets drop as Apple report fans economic worries

Most stocks fell Tuesday after a Wall Street sell-off fuelled by fresh recession worries following a report that Apple planned to ease back on spending due to uncertainty over the economic outlook.

Ghana IMF loan outcry pressures government over economy

Ghanaian trader Mohammed Biney was already struggling when the government passed a new tax on electronic money transactions this year to try to revive the economy.

Indian rupee breaches 80 per dollar, hits new record low

The Indian rupee fell to more than 80 per US dollar for the first time on record Tuesday, as the greenback extended its rally and foreign capital outflows intensified.

SAS and pilots' unions reach agreement, ending strike

Scandinavian airline SAS and the unions representing their pilots said Tuesday that they had reached an agreement, ending a two-week strike that has cost the ailing airline between $9 and $12 million a day.

Amanda Lee named first female pilot in US navy aviation team

The US Navy's famed aerial display team, the Blue Angels, named Lieutenant Amanda Lee on Monday as its first female pilot to fly fighter aircraft.

US bank results highlight risk and resiliency

Despite mounting worries over inflation, just-released bank earnings painted a resilient picture of the US economy and consumer, generating talk that any recession might be milder than earlier downturns.

Heatwave-hit Farnborough airshow basks in bumper Boeing order

Britain's Farnborough airshow flew into view Monday under a sweltering heatwave, as US planemaker Boeing basked in the glow of the first gigantic order in global aviation's first get-together since Covid.

Russian shelling kills 6 in Donbas, EU defends sanctions on Moscow

Russian shelling of a town in eastern Ukraine Monday killed six people, Kyiv said, as EU ministers meeting in Brussels insisted that the pressure of Western sanctions on Moscow was working.

Stellantis ending Jeep production in China

US-European carmaker Stellantis said on Monday it was ending production in China of its Jeep SUV after failing to acquire a majority stake in its joint venture with local firm GAC.

Goldman Sachs profits tumble despite strong trading results

Goldman Sachs reported a 48 percent drop in quarterly earnings Monday after setting aside more funds in case of bad loans, but shares rose as it topped analyst estimates.

Johannesburg transport project digs into wounds of the past

Off Johannesburg's main highway, surrounded by skyscrapers, heavy machinery has unearthed one of the city's original wounds -- a deep gash left by the 1880s gold rush.

Panama government and protesters strike deals to clear key highway

Panama's government and indigenous leaders reached a second deal Sunday to clear all remaining demonstrators from the Panamerican Highway in exchange for lower fuel prices, ending a two-week blockade that had stymied food deliveries.

Markets track Wall St higher on easing recession fears

Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession.

Hunger pains on Slave Island as Sri Lanka's food prices rocket

His hair is neatly combed but his cheeks are sunken and veins visible on his gaunt frame: like many Sri Lankans, Milton Pereira and his family cannot afford to buy enough food.

China urges banks to support property sector after mortgage boycott

China's banking regulator has urged lenders to extend more credit to real estate developers, as a growing number of homebuyers withhold mortgage payments on unfinished housing projects across 50 cities.

China banks vow to repay more customers after protests

Chinese regulators have promised to repay more victims of one of the country's biggest-ever banking scandals, after hundreds of thousands of customers were left without access to funds, triggering rare mass protests.

Asian markets track Wall St higher on easing recession fears

Stocks rose in Asia on Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession.

Long lines in New York for monkeypox vaccine

On a hot Sunday afternoon in New York, the epicenter of the US monkeypox outbreak, a long line of men aged 20 to 40 wait for a vaccine to protect themselves and their loved ones against the virus.

'Thor' rules again at North American box office

Marvel's latest superhero flick "Thor: Love and Thunder" pounded opponents for a second straight week to top the North American box office with an estimated $46 million haul, industry watcher Exhibitor Relations reported Sunday.

Protesters in Panama leave part of key highway

Panama's government and indigenous leaders reached a deal Sunday to clear demonstrators from part of the Panamerican Highway in exchange for lower fuel prices, but other stretches of the strategic route remained blocked by protesters demanding more concessions.

All eight crew killed in cargo plane crash in Greece

All eight crew members of a cargo plane that crashed near the Greek city of Kavala died in the accident, Serbia's defence minister said on Sunday.

Sri Lanka protest movement reaches 100 days

Sri Lanka's protest movement reached its 100th day Sunday having forced one president from office and now turning its sights on his successor as the country's economic crisis continues.

What's next for the euro after slump against dollar?

The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades.

G20 finance talks overshadowed by Ukraine end without joint communique

A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Indonesia without a joint communique after Russia's war in Ukraine divided the global forum.

G20 finance talks to end without joint communique: officials

A two-day meeting of G20 finance ministers in Indonesia is expected to end Saturday without a joint communique, two officials said, after Russia's war in Ukraine overshadowed proceedings.

Russia accused of shelling from captured Ukraine nuclear plant

Russia is using Europe's largest nuclear power plant as a base to store weapons including "missile systems" and shell the surrounding areas in Ukraine, an official with Kyiv's nuclear agency said Friday, while nearly the entire country was placed on air raid alert.

GSK spin-off to create consumer healthcare giant

British drugs giant GlaxoSmithKline on Monday demerges its newly-named consumer healthcare unit Haleon, resulting in what is set to be London's largest new stock market listing in more than a decade.

Biden to talk oil at Arab summit concluding Middle East tour

US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour.

Elon Musk asks to delay start of Twitter court battle

Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.

Elon Musk asks court to delay start of Twitter court battle