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Yellen says US unlikely to see 'stagflation'
The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.
UN agency says Israel struck Gaza warehouse amid race for aid
The main UN aid agency in war-ravaged Gaza said an Israeli strike Wednesday hit one of its warehouses, killing an employee, as calls intensified for land routes to bring food into the besieged territory.
UK to ban foreign state ownership of British newspapers
The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group.
IMF launches leadership search with Georgieva tipped for 2nd term
The International Monetary Fund officially launched the selection process to find the organization's next leader on Wednesday, with current managing director Kristalina Georgieva widely expected to be renominated for a second five-year term at the Washington-based financial institution.
IMF officially starts process to find new managing director
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
IMF officially process to find new managing director
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
European stocks advance as Wall Street trades sideways
European stock markets rose Wednesday, with Paris and Frankfurt setting new records, while Wall Street churned after rising the previous day despite a mixed inflation report.
Cuba's currency conundrum: four ways to pay
"How can I pay you?": In Cuba, the question goes beyond cash or card as citizens grapple with four different currencies, turning them into amateur traders as they try to squeeze the most value out of their money.
US sanctions 3 for organizing Bosnian Serb 'national day'
The US Treasury Department unveiled sanctions Wednesday against three individuals for undermining the "peace and stability of Bosnia and Herzegovina" by helping to organize an "unconstitutional" celebration of Bosnian Serb identity.
UK agrees closer Texas trade ties as US talks stall
Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States.
European stocks advance and bitcoin hits record high
European stock markets advanced on Wednesday, with Frankfurt setting a new record, while Wall Street struggled to hold onto gains made despite a less-than-stellar inflation report.
Streaming giant Spotify adds music videos to output
Music streaming giant Spotify on Wednesday announced it would be posting music videos on its platform in "select markets", entering an arena long dominated by YouTube.
Volkswagen 2023 profits rise, but warns on slow sales growth
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.
What's included in the new EU law on AI
The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.
Australian wine industry toasts expected end to China tariffs
The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.
Volkswagen's 2023 profits rise, outlook for this year cautious
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.
Cathay Pacific 'is back' with first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation.
Cathay Pacific reports first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" following the pandemic.
Childhood deaths at record low, but progress 'precarious': UN
The number of children worldwide who died before age five reached a record low in 2022, the United Nations said in a report published Tuesday, as for the first time fewer than five million died.
Gunman surrenders after three-hour hostage ordeal on Rio bus
A gunman wounded two people at Rio de Janeiro's main bus station Tuesday and held 17 passengers hostage for three hours before being convinced to surrender, police said.
Boeing says employees must take 'immediate' action on safety measures
US aeronautics giant Boeing, facing increased scrutiny after a series of safety incidents and manufacturing issues, is directing employees to take "immediate actions" to improve operations, according to a message the company sent to its workforce Tuesday.
Mexican journalist feared kidnapped, authorities say
A well-known journalist and broadcaster missing in western Mexico is believed to have been kidnapped, authorities said Tuesday.
Wall Street stocks rise as traders shake off uptick in inflation
Global stock markets rose Tuesday after investors shrugged off a hotter-than-expected US inflation report and dived back into technology stocks.
Queen Camilla immortalised as Barbie
Barbie may not have won at the Oscars, but she made a new friend Tuesday: Queen Camilla, who was immortalised as one of the iconic dolls.
French PM warns of 'tipping point' in Ukraine
French Prime Minister Gabriel Attal on Tuesday told parliament that Ukraine's fight against the Russian invasion had hit a "tipping point", warning of "real, tangible dangers" for France should Russia defeat Kyiv's forces.
Photo furore a 'PR disaster' UK royal family can ill afford
When the UK's Daily Mail, a loyal champion of the monarchy, splashes the headline "How did Kate photo become a PR disaster?", it is clear the royal family has a problem.
US consumer inflation up unexpectedly in February
Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts.
Germany launches major subsidy scheme for greener industry
Germany on Tuesday launched what it called "an innovative" multi-billion-euro subsidy scheme aimed at turbocharging investments that will make industrial production in Europe's top economy more climate friendly.
French startup Mistral AI vows to maintain open source
French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software.
Lego steams ahead despite struggling toy market
Lego cemented its position as the world's biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday.
Most markets push higher as US inflation data looms
Equity markets mostly rose Tuesday following the previous day's sell-off, with focus on the release of US inflation data that could play a key role in the Federal Reserve's decision-making on cutting interest rates.
Ukraine's drone industry seeks to tip scales against Russia
With suit-clad employees sipping coffees, Skyeton's offices in Ukraine's Kyiv region look like a typical tech start-up.
Black box seized after 'technical' failure on Boeing-made LATAM plane
New Zealand investigators Tuesday seized the flight recorder from a Boeing-made LATAM plane, searching for the cause of a mid-air plunge that injured dozens of terrified travellers.
Ancient community banking enters digital age in Cameroon
Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet.
Unemployed Afghans risk death and debt in hunt for gold
Tearing off a piece of mouldy flatbread, Homayon gulped tea in a brief reprieve from the din of the machines he and a dozen other men were using to dig for gold on a mountainside in northeastern Afghanistan.
Watchdogs probe 'technical' failure on Boeing-made LATAM plane
Airline watchdogs were on Tuesday investigating why a Boeing-made plane bound for New Zealand violently lost altitude mid-flight, injuring a host of terrified passengers.
Stocks slip before inflation report, as bitcoin hits fresh record
Global stock markets were mostly lower Monday, as traders prepared for fresh consumer inflation data that could provide new clarity on the US Federal Reserve's battle against rising prices.
Biden 2025 budget plan highlights policy differences ahead of elections
President Joe Biden's ambitious 2025 budget proposal, published Monday, is almost certain to be dead on arrival in the sharply divided US Congress ahead of national elections later this year.
TikTok dragged into US election as Trump opposes ban
In a major reversal, former US president Donald Trump on Monday said he was against a ban of TikTok as the fate of the popular video-sharing app was dragged into the US election campaign.