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H&M shares tumble as CEO steps down
H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.
Santander posts record profit in 2023 after rate hikes
Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.
China overtakes Japan as world's biggest vehicle exporter
China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday.
Asian markets swing as traders eye Fed, US jobs and earnings
Asian equities fluctuated Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.
China quietly expanding influence in Taliban-ruled Afghanistan
While most of the world treats Afghanistan's Taliban government as a pariah, China is growing diplomatic and economic links -- and Kabul is happy for the attention.
China overtook Japan as world's top vehicle exporter in 2023
China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday.
Asian markets swing as traders eye Fed, jobs and earnings
Asian equities struggled again Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.
Samsung reports sharp drop in operating profits
Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.
US could jail foreign officials under new bribery law
Anticorruption activists around the world have high hopes for a new US law that for the first time allows Washington to prosecute foreign officials who receive bribes.
US Fed rate decision could hold clues on timing of future cuts
The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, as inflation continues to inch closer towards its long-term target of two percent.
Samsung says Q4 operating profits drop 34.57 percent
Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.
US judge voids Elon Musk's $56 billion Tesla compensation
A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.
Microsoft, Google ride AI wave as revenues surge
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.
Global stocks mixed as traders track eurozone data, await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
Google says AI helped it beat profit expectations
Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year.
French MPs vote to enshrine abortion right in constitution
France's lower house of parliament overwhelmingly approved Tuesday a measure to inscribe abortion as a "guaranteed freedom" in the constitution, a pledge made by President Emmanuel Macron last year.
US consumer confidence hits highest level since Dec. 2021
US consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates.
In Antarctica, scientists study extent of microplastics
In remote Antarctica, Colombian marine biologist Paulo Tigreros dips a net into the icy waters in his hunt for microplastics in what should be one of the best-preserved ecosystems in the world.
Who are the Iraqi pro-Iran groups fighting Washington?
After a drone attack killed three American soldiers in Jordan on Sunday near the Syrian and Iraq borders, Washington immediately accused "radical Iran-backed militant groups operating in Syria and Iraq".
US Republicans gamble on immigration as major 2024 election issue
US immigration reform has become the focus of a high-stakes political battle, with President Joe Biden and Donald Trump locking horns over one of the hottest issues of the 2024 election.
Farm uproar spreads in EU as France seeks to quell protests
Protests by angry farmers spread across Europe on Tuesday, as the French government scrambled to placate agriculture workers who have blocked motorways and moved in convoys of tractors towards Paris.
Chile's whirlwind energy transition leaves workers stranded
Vultures soar above the mining town of Tocopilla, where Chile's dizzying transition away from coal-fueled energy has left dozens of workers idle and unsure of their future.
Stocks diverge as investors track Fed meeting, eurozone data
European stocks rose Tuesday after data showed the eurozone dodged recession at the end of last year but Wall Street wavered as investors await fresh interest-rate signals from the Federal Reserve.
General Motors eyes strong 2024 as earnings top estimates
General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike.
N. Ireland deal looks to end 2-year political deadlock
Northern Ireland on Tuesday moved a step closer to ending a near two-year political deadlock after the main pro-UK party finally endorsed a deal with London aimed at reopening the region's assembly.
Flatlining eurozone economy narrowly dodges recession
The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.
European stocks rise as eurozone dodges recession
European stock markets rose on Tuesday, with Paris reaching a record high as official data showed the eurozone avoided recession last year.
Eurozone narrowly dodges recession
The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.
German economy shrank at end of 2023: data
The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.
Saudi Aramco halts plan to raise production capacity
Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.
Asian stocks mixed after Wall St record, eyes on Evergrande impact
Asian markets were mixed Tuesday as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data.
Saudi Aramco halts plan to raise production capacity: statement
Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.
Toyota apologises for scandals as vehicle sales set new record
Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.
Toyota sets new global record for annual vehicle sales
Japan's Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages.
App lets Indigenous Brazilians connect in own languages
For Indigenous communities in the Brazilian Amazon, getting online is a challenge. Now, a smartphone app is making it easier to connect by allowing them to use their own native languages.
Renault slams brakes on listing of Ampere EV division
French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavourable to list the company's shares.
British graphic novelist delighted to 'infiltrate' cartoon boys' club
Posy Simmonds is only the fifth woman and the first Briton to win the grand prix at France's prestigious Angouleme comics festival, an honour she is thrilled with -- even if toothache prevented her from collecting it in person.
Anglican leader calls UK Rwanda migrants plan 'damaging'
The leader of the world's Anglicans on Monday warned that the UK government's plan to send migrants to Rwanda was leading the nation down a "damaging path", as he waded into the highly charged political issue.
Jacquemus brings stars and surrealism to Provence
One of fashion's biggest breakout successes, France's Jacquemus, sought to move past recent turbulence in his business with a glamorous show in front of stars including Julia Roberts and Kylie Jenner on Monday.