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ECB to mark year of hikes with inflation still high
European Central Bank policymakers looked set to deliver another interest rate increase on Thursday as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast.
Drought-hit N.Africa turns to purified sea and wastewater
From Tunisia to Morocco, sun-baked North Africa has embarked on a building spree of plants that purify sea and wastewater as climate change intensifies droughts in the water-scarce region.
Asian markets rally as traders bet on end to Fed rate hikes
Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.
Country song jangles US nerves on race and violence
When Jason Aldean released the video for his song "Try That in a Small Town" in mid-July, which critics say glorified violence and fueled racism, the singer catapulted country music into the latest debate illustrating America's socio-political divides.
Vibrating vests translate music for deaf concertgoers
The violins reverberate in the ribcage, while cello and bass are felt a little further down, with horns in the shoulders and, more often than not, soloists in the wrists.
Mattel reports profit dip despite 'Barbie' blockbuster glow
American toy maker Mattel on Wednesday reported a drop in profits compared to last year, due to lower sales including a decline in Barbie products in the second quarter.
'Fight is on' at deep sea mining debate in Jamaica
Nations opposed to deep sea mineral mining and those in favor of exploiting the oceans' depths butted heads in Jamaica on Wednesday, with both sides arguing their position would help protect the planet.
US Fed lifts rates to highest since 2001 and hints at more to come
The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled it could hike again later this year amid improving economic prospects.
Stocks tread water while dollar dips after latest Fed rate hike
Wall Street stocks tread water while the dollar dipped Wednesday after the Federal Reserve lifted interest rates and signaled the possibility of further increases.
Meta earnings beat market expectations as ads revive
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.
Coca-Cola eyes more price hikes in emerging markets
Coca-Cola lifted its full-year earnings targets Wednesday after second-quarter results topped estimates as it described plans to limit additional price hikes to emerging markets with the most intense inflation.
Airbus and Boeing race to boost aircraft production
Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.
US Fed raises rates to highest level since 2001
The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.
Why Musk's 'X' will struggle to become a Chinese-style super-app
Elon Musk is rebranding his Twitter platform as "X" and wants to create a super-app where users will do all their finances as well as their socialising.
Italy mulls tightening surrogacy ban
Italian lawmakers began deliberating Wednesday a bill to toughen a ban on surrogacy to make it illegal to seek it abroad, sparking criticism the government was targeting LGBTQ rights.
Jeep owner Stellantis posts record profit on higher prices
US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.
Spurs owner Lewis arrested ahead of US court appearance
The British billionaire owner of Premier League side Tottenham, Joe Lewis, was arrested on Wednesday ahead of a court appearance in New York on insider trading charges, US prosecutors said.
Boeing shares surge despite Q2 loss as it boosts plane production
Boeing shares rallied Wednesday after the aerospace giant reported a smaller-than-expected loss, announced production rate increases on key commercial jets and described fewer supply chain problems.
Car transport ship fire could 'burn for days' off Netherlands
The blaze raging aboard a ship carrying 3,000 cars off the Netherlands could burn for days, officials said Wednesday, as fears built that the fire could damage to a fragile nearby island chain.
Russian cybersecurity firm founder jailed on treason charges
Russia on Wednesday sentenced Ilya Sachkov, co-founder of the Group-IB cybersecurity firm, to 14 years in prison on treason charges, according to an AFP journalist in the Moscow court.
Boeing shares rise despite Q2 loss as it boosts plane production
Boeing reported a $149 million second-quarter loss Wednesday following delays and cost issues in its defense and space program, but shares rallied on increased commercial jet deliveries.
Stocks, dollar retreat before Fed rate decision
Major stock markets mostly retreated Wednesday as a China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more US rate hikes before the end of the year.
Santander posts record profit despite special tax
Spanish lender Banco Santander reported Wednesday a record profit for the first half of the year despite a windfall tax imposed on banks, as rising interest rates lifted its earnings.
Markets mixed as Fed rate decision looms, China rally fades
Equities were mixed Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more rate hikes before the end of the year.
One dead, several injured in ship fire off Netherlands
One sailor died and several others were injured after a fire broke out on a car carrier ship off the Netherlands on Wednesday, the Dutch coastguard said.
US Federal Reserve likely to lift interest rates to 22-year high
The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months.
As West fears Tunisia collapse, hopes of IMF bailout fade
Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to Europe and have offered financial assistance. Yet prospects of Tunisia's sealing the biggest deal of all -- a $1.9-billion bailout from the International Monetary Fund -- seem increasingly remote.
Asian markets mixed as Fed rate decision looms, China rally fades
Asian markets were mixed Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more rate hikes before the end of the year.
Subcontractor lawsuit could test Amazon union relations
When they started to unionize, Amazon tried to get rid of them.
GM reports strong results as it girds for tough labor talks
General Motors lifted its full-year forecast following another strong quarter on Tuesday as it girds for difficult labor negotiations and questions about the market for its growing electric vehicle business.
Biden honors lynching victim, urges US to confront racism
US President Joe Biden designated a new national monument Tuesday to memorialize the racist 1950s lynching of Emmett Till, and challenged Americans to confront their dark history or risk repeating the past.
Three people die in Greece as wildfires rage
Two pilots died when their water-bombing plane crashed while battling a blaze and a third one was found charred on the Greek island of Evia on Tuesday, as wildfires flared across the Mediterranean.