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Stocks rally as Shanghai reopening cheers markets
Hong Kong led a rally across stock markets Tuesday on hopes that China's economic hub Shanghai will ease its weeks-long lockdown and gradually reopen businesses.
Walmart profits hit by costs as some consumers shift behavior
Walmart reported a drop in profits Tuesday due to higher costs for labor, food and fuel as it pointed to some consumers shifting away from discretionary items amid high inflation.
Walmart reports 25% drop in profits, citing higher costs
Walmart reported a drop in profits Tuesday, citing higher costs for labor, food and fuel in earnings that missed analyst expectations and sent shares lower.
Vodafone calls up surging annual profit
British telecoms giant Vodafone on Tuesday logged surging annual net profit on rising sales and sliding tax, one day after revealing that an Emirati firm has become its biggest investor.
Stocks rally on Shanghai reopening hopes
Hong Kong led a rally across stock markets Tuesday on hopes that China's economic engine Shanghai will ease its weeks-long lockdown and gradually reopen businesses.
Togo reopens its borders after two years
The West African state of Togo said it would reopen its land borders on Tuesday after closing them more than two years ago to help prevent the spread of coronavirus.
Brazilian football clubs open doors to foreign investors
A new law allowing Brazilian football clubs to operate as companies has opened the door for foreign investors to buy teams in the spiritual home of the "beautiful game," following in Europe's footsteps.
UK unemployment dips but wages hit by inflation
Britain's unemployment rate has fallen further to a near five-decade low, official data showed Tuesday, but the value of wages continues to erode as inflation soars.
Musk says no Twitter deal without clarity on spam accounts
Billionaire Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was given assurances on the bots that he says plague the platform, further complicating his acrimonious bid for the social media giant.
Asian stocks rally on hopes of Shanghai gradually reopening
Hong Kong led a rally across Asian markets Tuesday on hopes that China's economic engine Shanghai will ease its weeks-long lockdown and gradually reopen businesses, though analysts caution against any long-term relief.
Wheat-laden trucks, ships stranded at Indian port
Hundreds of thousands of tonnes of wheat were stranded at a major port in India on Tuesday after New Delhi's surprise ban on exports over inflation and food security worries.
Thailand's economy rebounds after Covid battering
Thailand's economy grew 2.2 percent in the first quarter as exports and tourism rebounded after the relaxation of pandemic restrictions, the country's main economic agency said Tuesday.
China's zero-Covid policy to hit Asia aviation recovery: IATA
China's zero-Covid policy will hold back a full air travel recovery in the Asia-Pacific region, a top airline industry group warned Tuesday, adding to calls for Beijing to ease its hardline stance.
Spain, Morocco reopen land borders after two-year closure
Morocco and Spain have reopened the land borders between the north African country and the Spanish enclaves of Ceuta and Melilla, two years after they were shut due to Covid restrictions and a major diplomatic row.
Asian stocks up after Wall Street dip on China's Covid-bruised data
Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data showed the deep cuts of Beijing's zero-Covid policy and added to inflation worries.
White House hits back after Bezos knocks Biden on economy
The White House on Monday uncharacteristically lashed out at Amazon founder Jeff Bezos, after he openly criticized the Biden administration's fiscal and economic policies on Twitter.
Macklowe art collection becomes most expensive ever sold at auction
The famed Macklowe collection, subject of a bitter divorce battle between a New York property developer and his ex-wife, became the most expensive art collection ever sold at auction Monday.
US accuses Venezuela doctor of selling ransomware to cybercriminals
A French-Venezuelan cardiologist was accused Monday by the US of selling ransomware to cybercriminals and instructing them on how to extort money from the victims they hacked.
Major US baby formula producer agrees with regulators on restarting production
Amid a US shortage of baby formula, officials announced Monday a previously closed manufacturer would re-open and encouraged foreign companies to apply to import their products -- although it will take weeks to see more stock back on store shelves.
Ukrainian soldiers evacuated from Mariupol steelworks
Hundreds of Ukrainian soldiers have been evacuated from the besieged Azovstal steelworks -- the last holdout of troops defending the southern port city of Mariupol -- Kyiv said on Monday.
US shooter embraced racist 'replacement' theory online
The teenager charged with shooting dead 10 African Americans at a supermarket in Buffalo, New York followed an insidious racist creed gaining ground among white Americans that minorities are taking over society.
Global stocks mostly fall on recession worries
Stocks mostly slipped lower Monday following weak Chinese economic data that added to recession worries amid inflation and rising interest rates.
Lebanon vote weakens Hezbollah bloc as reformists book gains
An election in crisis-hit Lebanon appears to have dealt a setback to the biggest bloc, led by the Iran-backed Shiite Muslim Hezbollah party, and boosted reformists, provisional results showed Monday.
Uber bolsters platform for post-pandemic life
Uber said Monday it is revving up to be a "go anywhere and get anything" service, testing delivery robots, weaving in Google voice commands and more as people shed their pandemic lifestyles.
Macron names first French female PM in three decades
President Emmanuel Macron on Monday named Labour Minister Elisabeth Borne as prime minister to lead his ambitious reform plans, the first woman to head the French government in over 30 years.
Ukraine 'unhappy' as Hungary stalls EU Russian oil ban
Ukraine's foreign minister urged the EU Monday to overcome Hungary's resistance to an embargo on Russian oil and then look to "kill" all of Moscow's exports to starve its war machine of funds.
US, EU team up on chip making and Russia disinformation
The United States and the European Union announced on Monday a joint effort to boost microchip manufacturing and tackle Russian disinformation around the war in Ukraine.
Renault hands Russian assets to Moscow, McDonald's says will exit Russia
The exodus of Western businesses from Russia deepened on Monday as French automaker Renault's local assets were effectively nationalised and fast food giant McDonald's said it would exit the market.
Stocks dip on recession worries
Stocks mostly slipped lower on Monday with traders assessing recession risks as high inflation causes central banks to hike interest rates.
Stocks dip in muted trade at start of week
Stocks mostly slipped lower on Monday with traders assessing recession risks as high inflation causes central banks to hike interest rates.
US, EU to ramp up chip making and raise pressure on Russia
The United States and the European Union announced on Monday a joint effort to boost microchip manufacturing and tackle Russian disinformation around the war in Ukraine.
Finland, Sweden debate NATO bids as Ukraine braces for eastern attack
Russia warned Finland and Sweden Monday they were making a "grave mistake" in their moves to join NATO as Ukraine braced for a new push by Moscow's forces in its eastern Donbas region.
Indian PM skips opening of Nepal's Chinese-built airport
Nepal on Monday opened a Chinese-built airport intended to capitalise on Buddhist tourism as India's prime minister landed a few kilometres away to mark the birth, enlightenment and death of the religion's founder.
Stocks steadier after volatile week
Stock markets were steadier Monday after last week's volatility, with traders assessing recession risks as high inflation causes central banks to hike interest rates.
Wheat prices hit record high after Indian export ban
Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production.
Extreme temperatures compound poverty in Pakistan's hottest city
By the time Pakistani schoolboy Saeed Ali arrived at hospital in one of the world's hottest cities, his body was shutting down from heatstroke.
Anti-homophobia group demands PSG explain Gueye absence
A French association fighting homophobia in sport asked Paris Saint-Germain for a second time on Monday whether Idrissa Gana Gueye refused to wear a 'rainbow' jersey in Saturday's Ligue 1 match against Montpellier.
US carrier JetBlue launches hostile takeover of Spirit Airlines
American low-cost carrier JetBlue Airlines announced on Monday a hostile takeover bid for its rival Spirit Airlines, which had rejected a previous bid in favour of a merger with Frontier.
EU struggles to clear path to Russian oil ban
EU foreign ministers on Monday sought to break through Hungary's opposition to an embargo on Russian oil over the Ukraine war, but warned little progress was expected.