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UK avoids recession in boost for under-fire Truss
Britain is not yet in recession, revised data showed Friday in a boost for under-fire Prime Minister Liz Truss, but its economy may still face a downturn on soaring interest rates.
Eurozone inflation jumps to record 10%
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.
Japan's digital minister says he's ready for a fight
Japan's media-savvy digital minister said Friday he's ready to take an iron-fisted approach to speed up the nation's slow embrace of online services at government offices and workplaces.
French economy minister 'worried' by British 'disaster'
France's economy minister said Friday that he was worried by the financial turbulence in Britain, criticising Prime Minister Liz Truss's economic policies for causing a "disaster" of high borrowing rates for her country.
Markets mixed after sell-off, sterling edges up after recovery
Markets in Asia and Europe were mixed Friday after another tough day on US trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.
Most markets drop again but sterling edges up after recovery
Most markets sank Friday after another tough day on US trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.
Genies not genius: Turkey's low-budget horror flicks boom
Kneeling before a chalk star outside his tumbledown house, an old man performs a ritual to rid himself of evil spirits -- which many superstitious Turks believe exist.
Victoria Beckham caps French makeover with Paris debut
Having turned to French experts to overhaul her struggling business, Victoria Beckham is seeking the highest validation of the fashion world with her first runway show in Paris on Friday.
China dips into pork reserves as rising prices fan inflation fear
China released more pork reserves Friday, state media said, after prices of the staple meat soared by almost a third, triggering inflation concerns.
Japan plans more stimulus to tackle inflation, low yen
Japan is preparing another round of economic stimulus measures, the government said Friday, as rising prices and the plummeting yen squeeze the world's third-largest economy.
Meta to freeze hiring to tighten budget: report
Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.
No timeframe for fixing Nord Stream pipelines: operator
Nord Stream's operator said Thursday it was unable to immediately assess damage to pipelines linking Russia to Europe, threatening an indeterminate outage -- after Sweden detected a fourth leak and NATO decried "acts of sabotage".
Women referees at World Cup in Qatar a 'strong sign'
The presence of three female referees at the World Cup in Qatar will send "a strong sign", said one of those women selected on Thursday.
Swiss court backs Lindt in chocolate bunny bust-up
Swiss luxury chocolatier Lindt & Sprungli has won its case against the local branch of budget supermarket chain Lidl over its similar-looking Easter bunnies, according to a court decision published Thursday.
Latin America bears brunt of land activist murders: NGO
More than three-quarters of the world's murders of environmental activists took place in Latin America last year, an annual review by watchdog Global Witness showed on Thursday.
UK PM vows to get borrowing 'back on track' after market turmoil over tax cuts
UK Prime Minister Liz Truss defended her tax-slashing plans Thursday but vowed to "get borrowing back on track", after nearly a week of silence when markets tanked and the Bank of England was forced into an emergency intervention.
European and US stocks tumble, pound rebounds
European and US equities sank Thursday on fears that rising interest rates will spark a global recession, while the pound clawed back ground one day after emergency bond-market intervention from the Bank of England.
BBC to cut hundreds of jobs at World Service
Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms, the broadcaster announced on Thursday, paring down its Iranian-language service among others.
Macron government lays out reform timeline amid strike
The French government vowed on Thursday to push through pension reform by the end of the winter despite fierce opposition from unions whose first major day of strikes failed to have much impact.
BBC announces job losses at World Service
Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms, the broadcaster announced on Thursday.
Fourth leak detected at Russian gas pipeline to Europe
A fourth leak has been detected in undersea gas pipelines linking Russia to Europe, the Swedish Coast Guard said Thursday, after explosions were reported earlier this week in what NATO called "reckless" sabotage.
Sterling, markets drop again as BoE boost wears off
The pound and European equities fell Thursday after the previous day's bank of England-fuelled rally, with investors growing increasingly worried about the UK economy as Prime Minister Liz Truss backed the controversial mini-budget that sparked turmoil across global markets.
Porsche ignites blockbuster IPO, defying market turmoil
Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe's biggest listings in years, leveraging its brand power to defy global market turmoil.
Equities pick up after BoE steps in, but pound resumes losses
Most Asian stocks bounced Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a financial catastrophe.
Five years on, how #MeToo shook the world
By forcing the world to wake up to the daily sexual abuse suffered by women, the #MeToo movement became a social revolution of historic importance. Its legacy is still being determined.
Joan of Arc becomes non-binary icon in London play
A new play in London has reinvented France's sainted Joan of Arc as a non-binary icon, who rejects female identity as they struggle to find a place in a man's world.
Hong Kong confirms November banking summit after ending quarantine
Hong Kong confirmed Thursday it will host an international banking summit in early November, days after it lifted mandatory quarantine rules for arrivals that have battered the city's reputation as a business hub.
Asian stocks pick up after BoE steps in, but pound rally wanes
Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.
Defying turmoil, Porsche to go 'full throttle' with blockbuster IPO
Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe's biggest listings in years, hoping its brand power can attract investors despite market turbulence.
Stocks rally with sterling after surprise move by Bank of England
Global stock markets rallied on Wednesday in volatile trading after a surprise intervention by the Bank of England pressured bond yields in Britain and the United States and lifted the pound.
Barbados wins first loan deal from IMF climate change fund
Barbados on Tuesday became the first country to secure agreement on a financing package under a new IMF fund aimed at helping low-income countries tackle the impacts of climate change.
Licence to bill: Bond's Aston Martin sells for nearly £3 million
A replica of an Aston Martin DB5 used for the stunts in James Bond blockbuster "No Time to Die" sold for nearly £3 million at auction on Wednesday, auction house Christie's said.
White House announces multi-billion dollar plan to attack obesity, hunger
The White House announced Wednesday billions of dollars in pledges from major corporations -- including the likes of fast food behemoth Burger King -- to craft a national strategy on ending the twin US challenges of hunger and obesity.
Iran's Raisi condemns 'rioters' in protests over Mahsa Amini's death
Iran's President Ebrahim Raisi condemned Wednesday the "rioters" behind a wave of women-led protests sparked by the death of Mahsa Amini while in the custody of the Islamic republic's morality police.
Washington dismisses Moscow's hints of blame for gas leak
Moscow questioned Wednesday whether Washington caused mystery undersea gas pipeline leaks in Europe that have been blamed on sabotage, in a turn of the tables that US officials bluntly called "ridiculous".
Amid Iran unrest, Mahsa Amini's parents demand answers on her death
The parents of Mahsa Amini, whose death after her arrest by Iran's morality police has sparked a wave of unrest, have filed a complaint against the officers involved, the family's lawyer said Wednesday.
Stocks rally but investors cautious over recession fears
Global stock markets rallied on Wednesday in a volatile trading, with investors given an "energy boost" by an intervention by the Bank of England.
EU sees sabotage in gas pipe leaks
The EU said Wednesday that leaks from two Russia-Germany undersea gas pipelines appeared to be "a deliberate act", as Moscow said it would call for a UN Security Council meeting over the incident.
Kwasi Kwarteng: baptism of fire for UK's new finance minister
Kwasi Kwarteng has been finance minister for less than a month but is already in the firing line as Britain's economy teeters on the brink following his first policy announcement.