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Citigroup results boosted by trading, higher interest rates
Citigroup reported better-than-expected results Friday following a strong performance in trading, as executives described US consumption as healthy despite rising inflation.
US retail sales zoom higher in June despite high prices
US retail sales shot up one percent in June amid the ongoing surge in prices, according to new data Friday that spelled more bad news for the Federal Reserve as it struggles to rein in rampant inflation.
Stocks rise as US consumers keep spending
Stocks rose Friday after the latest data showed that US consumers continue to spend more in the latest signal of the strength of the economy despite high inflation and rising interest rates.
Ukraine enlists public in push for high-tech 'Army of Drones'
In an undulating expanse of grassland at the city limits, a pick-up truck kicks up dust as it hurtles downhill, its passengers belting out the theme to 1980s hit comedy "Police Academy".
Biden takes off on historic flight to Saudi Arabia
President Joe Biden departed Tel Aviv on Friday aboard a historic direct flight from Israel to Saudi Arabia, the latest stop on his first Middle East tour as US leader.
In West Bank, Biden says Palestinians need to see 'political horizon'
US President Joe Biden said during a trip to the occupied West Bank on Friday that Palestinians need to see a path towards statehood, even if hopes for a peace process with Israel remain bleak.
Western nations condemn Russia over Ukraine at G20 Indonesia talks
Western finance chiefs condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russia of sending a "shockwave" through the world economy and its technocrats of complicity in the war's alleged atrocities.
Europe stocks rise before US earnings
European equities rose Friday as traders awaited the latest US bank results at the end of yet another volatile week for markets.
Search operations continue after deadly Russian strikes on Ukraine's Vinnytsia
Ukrainian rescuers on Friday continued search operations in the central city of Vinnytsia, where Russian strikes killed at least 23 people, including children.
Biden meets Palestinian leader ahead of Saudi visit
US President Joe Biden met Palestinian leader Mahmud Abbas in the occupied West Bank on Friday for talks expected to focus on economic measures without striking any major diplomatic breakthrough.
US, Canada condemn Russia's war on Ukraine at Indonesia G20 talks
Western finance ministers condemned Moscow's invasion of Ukraine at G20 talks in Indonesia Friday, accusing Russian officials of complicity in atrocities committed during the war.
UK owes apology for 'grave wrong' of forced adoptions: inquiry
Britain should formally apologise to unmarried mothers who were forced to give up their babies for adoption, according to an official report Friday that gave harrowing detail of the anguish suffered by the women.
China growth falls to two-year low on Covid, property woes
China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness pushing the government's target further out of reach.
China growth at two-year low over Covid, property woes
China logged its slowest economic growth since the initial Covid outbreak, official data showed Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market weakness nudging a government target further out of reach.
Sri Lankans await formal resignation after president flees
Sri Lankans waited Friday for a formal announcement confirming their president had resigned after he fled to Singapore to escape anti-government protests triggered by his country's dire economic crisis.
China growth slumps to 0.4% in second quarter: official
China's economy grew just 0.4 percent in the second quarter, a two-year low, official data showed Friday, with Covid lockdowns and an embattled property market nudging a government target further out of reach.
Airlines' fragile recovery from Covid
Airlines are recovering from huge Covid fallout but face fresh turbulence from rocketing inflation while airports battle to cope with booming demand.
Aviation buzzing for return of Farnborough airshow
Aviation's biggest players descend on the renowned Farnborough airshow next week, buoyed by the travel sector's nascent recovery from the Covid pandemic and as Russia's invasion of Ukraine boosts defence spending.
Omanyala heads to world athletics as organisers cope with US visa issues
Africa's fastest man Ferdinand Omanyala on Thursday secured a last-minute visa to travel to the United States for the World Athletics Championships although he will have to start his 100m campaign just hours after arriving.
Mexican sex workers fight injustice with the pen
Paloma Paz puts on a wig and pink heels before heading onto Mexico City's streets for sex work -- a precarious profession that she combines with journalism to decry injustices.
No bed of roses for Ecuador's flower industry
The pandemic, the war on Ukraine, and more than two weeks of ruinous protests over soaring living costs -- Ecuador's flower industry has recently had to surmount one obstacle after another.
G20 finance chiefs meet as Indonesia warns of energy, food catastrophe
Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic.
Saudi opens airspace to 'all carriers' in gesture to Israel
Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards Israel ahead of US President Joe Biden's arrival.
US says no restrictions on farm equipment to Russia
The United States said Thursday that it would not bar the sale of farm equipment to Russia, again denying Moscow's allegations that Western sanctions -- not its invasion of Ukraine -- are causing the global food crisis.
Global stocks mostly fall on latest troubling inflation figures
Stock markets mostly retreated Thursday as fresh evidence of runaway global inflation ramped up expectations of more aggressive interest rate hikes by central banks, while disappointing earnings revived recession fears.
Ukraine war to dominate G20 finance chief meeting in Indonesia
Group of 20 finance ministers and central bank chiefs from top economies will meet in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, which has roiled markets, spiked food prices and stoked breakneck inflation.
Donald Trump's first wife Ivana dies aged 73
Ivana Trump -- Donald Trump's first wife and mother of his three eldest children -- has died at the age of 73, the former president announced Thursday.
Fed official signals willingness to hike interest rates full percentage point
US Federal Reserve Governor Christopher Waller signaled Thursday he may support a full percentage point interest rate hike this month -- the biggest increase in more than 30 years and a further indication of the central bank's determination to crush sky-high inflation.
Street party draws curtain on Sri Lanka's Rajapaksa era
Exhausted and drained after nearly 100 days of protests, a small crowd gathered its remaining strength Thursday to celebrate the resignation of Sri Lanka's leader at the seaside headquarters of their campaign to oust him.
New chief at Libya's key oil firm, US warns against confrontation
Libya's government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the United States to warn against any "armed confrontation" over the sector.
Sri Lanka president submits resignation from Singapore: official
Sri Lanka's president submitted his resignation Thursday shortly after reaching Singapore, the parliamentary speaker's office said, days after the head of state fled protests triggered by his country's worst-ever economic crisis.
Stocks, oil drop on fresh inflation spikes
Stock markets mostly retreated Thursday as fresh evidence of runaway global inflation ramped up expectations of more aggressive interest rate hikes by central banks.
UN urges Africa to swap commodities for tech
The UN's trade body on Thursday said African economies were vulnerable to a triple shock as it urged governments to pave the way for tech startups that would ease dependence on commodities.
Outage hits Twitter service in US, Europe
Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday -- fresh turbulence for the firm locked in a buyout battle with Elon Musk.
JPMorgan Chase reports lower profits, gives cautious economic outlook
JPMorgan Chase reported a drop in second-quarter profits on Thursday, reflecting the impact of a weakening macroeconomic outlook that led it to set aside funds in case of bad loans.
Omanyala gets last minute visa reprieve for Worlds
Africa's fastest man Ferdinand Omanyala on Thursday said he would compete in the World Athletics Championships in Oregon after being granted a last-minute visa to travel to the United States.
Morocco's king endorses new Jewish organisations
Morocco's King Mohammed VI has authorised a reorganisation of the country's Jewish community, a "component" of national culture in the North African country, according to the royal palace.
Asian markets swing as US inflation spikes see rate hike bets soar
Asian markets were mixed Thursday as another forecast-busting US inflation print ramped up bets on a quick series of sharp interest rate hikes by the Federal Reserve as other central banks also race to tighten.
Libya's oil firm chief resists move to replace him
Libya's Tripoli-based government has named a new head of the state oil company to replace veteran technocrat Mustafa Sanalla, who refused to give up his post.