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US, China agree to slash tariffs as Trump says will speak to Xi

The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset" as he said that talks with counterpart Xi Jinping could soon follow.

Sean 'Diddy' Combs was 'coercive and criminal,' jury hears

A prosecutor painted Sean "Diddy" Combs at his trial Monday as an "unfaithful, jealous, and at times, angry" offender who used violence and threats to control women he abused over many years.

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Brazil April inflation hits 26-year high

Brazil's inflation rate hit a 26-year high for the month of April, the government said Wednesday, as spiraling prices continued to defy the central bank's push to rein them in.

UK's Johnson downplays EU trade war fears over N.Ireland protocol

Prime Minister Boris Johnson on Wednesday downplayed the prospect of triggering a UK trade war with the EU by threatening to pull post-Brexit arrangements in Northern Ireland, despite European warnings that he risks breaching international law.

Ireland warns UK against threats to Brexit protocol

Ireland's foreign minister on Wednesday said the UK risked a breach of international law if it scraps the trade rules it signed with the EU for Northern Ireland.

iPod RIP: How Apple's music player transformed an industry

At the height of its powers the pocket-sized music player known as the iPod shifted tens of millions of units each year, helping Apple to conquer the globe and transforming the music industry.

US inflation slowed in April but prices for many goods rising

US inflation slowed in April, according to new data Wednesday, but Americans continue to see their wallets empty faster when they buy groceries and pay the rent.

New Airbnb feature aims to 'redistribute' tourists from oversold venues

Seeking to address "over-tourism" at popular destinations, Airbnb unveiled Wednesday a new feature that encourages users to search by trip category, not only destination.

Companies lawyer up to navigate Russia sanctions

The deployment of unprecedented sanctions against Russia over the Ukraine war has left companies with a complex legal minefield to navigate, prompting them to hire more lawyers to avoid costly missteps.

Troops move to quell unrest after deadly Sri Lanka clashes

Soldiers stood behind wrought-iron barricades and next to burnt-out buses in the heart of Sri Lanka's capital Colombo Wednesday, guarding almost deserted streets after a convulsion of deadly clashes.

ECB signals rate hike as soon as July to combat inflation

European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to tackle soaring inflation, echoing the actions of other major central banks and heralding the end of the eurozone's cheap money era.

Solomons PM dismisses concerns over China maritime deal

Solomon Islands' prime minister dismissed criticism of a new maritime investment deal with China on Wednesday, saying there was nothing "sinister" in the draft agreement.

Russians 'pushed away' from Kharkiv as Washington boosts aid

Ukraine said Wednesday it was pushing Russian troops away from the country's second city Kharkiv but facing stiff resistance, as Washington predicted that Vladimir Putin was ready for a long war.

Malaysia central bank hikes interest rate to tame inflation

Malaysia's central bank raised its key interest rate on Wednesday for the first time since 2020, in a surprise move aimed at taming inflation.

Asian stocks mixed, Europe opens higher as investors fret over inflation

Asian stocks were mixed on Wednesday, following a volatile day on Wall Street with investors concerned about surging inflation and see-sawing crude prices.

Triumphant Marcos faces high expectations from Philippines poor

Despite his Oxford education and jet-set lifestyle, the Philippines's president-elect Ferdinand Marcos Junior sailed to victory this week as a champion of the poor.

NZ Rugby to vote on controversial $134mn US private equity deal

The fate of New Zealand Rugby's contentious deal with a US private equity firm should be known within a month, after a special general meeting was called by the sport's bosses on Wednesday.

Toyota posts record full-year net profit, forecasts cautious

Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.

Russians 'pushed away from Kharkiv' as Washington warns of long war

Russian troops are being pushed away from Ukraine's second city Kharkiv, President Volodymyr Zelensky said, but sounded a note of caution as Washington said Vladimir Putin won't stop with the east and is ready for a long war.

Tokyo to recognise same-sex partnerships from November

Tokyo will begin recognising same-sex partnerships from November after revising current rules, officials said Wednesday, becoming the largest city in Japan to do so.

The 1997 chess game that thrust AI into the spotlight

With his hand pushed firmly into his cheek and his eyes fixed on the table, Garry Kasparov shot a final dark glance at the chessboard before storming out of the room: the king of chess had just been beaten by a computer.

Asian stocks open mixed as investors fret over oil prices

Asian stocks opened mixed on Wednesday, following a volatile day on Wall Street that had investors concerned about surging inflation and sent global oil prices retreating.

US inflation may have peaked, but pain continues

With surging prices undermining wage gains and hurting American families, US President Joe Biden said Tuesday that fighting inflation is his top priority, but he may have limited tools to tackle the issue.

Final refrain for iPod as Apple stops production

Apple on Tuesday put out word it is no longer making iPods, the trend-setting MP3 players that transformed how people get music and gave rise to the iPhone.

Fighting rages in Ukraine's east as US warns of long war

Ukraine battled Russian forces in its eastern region Tuesday while overnight missile strikes hit the southern port of Odessa, as the United States warned that Russian President Vladimir Putin is ready for a long war.

Paraguay anti-drug prosecutor killed in Colombia while honeymooning

Paraguayan anti-drug prosecutor Marcelo Pecci was shot dead execution-style Tuesday while honeymooning on a Colombian Caribbean island by men who fled by sea, police and his widow said.

$Mike Tyson to face no charges over plane fracas: US prosecutor$

Mike Tyson to face no charges over plane fracas: US prosecutor

Former heavyweight boxing champion Mike Tyson will not face criminal charges over repeatedly punching a fellow plane passenger, a prosecutor in California said Tuesday.

Global stocks end mostly up as demand worries weigh on oil prices

European and US stocks mostly rose Tuesday, partially rebounding from the prior session's rout, while oil prices continued to retreat on worries slowing global growth will dent demand.

West blames Russia for satellite hack ahead of Ukraine invasion

Western powers on Tuesday accused Russian authorities of carrying out a cyberattack against a satellite network an hour before the invasion of Ukraine to pave the way for its assault.

European stocks rebound, oil extends losses

European stock markets rebounded Tuesday following days of losses on fears over rising US interest rates fuelled by surging inflation and the impact of China's prolonged Covid lockdowns.

Stocks rebound, oil extends losses

US and European stock markets rebounded Tuesday following days of losses on fears over rising US interest rates fuelled by surging inflation and the impact of China's prolonged Covid lockdowns.

Stocks diverge, oil extends losses

European stock markets rebounded Tuesday, Asian equities mostly sank and oil prices tumbled as traders reacted to fears over rising US interest rates fuelled by surging inflation and assessed the impact of China's prolonged Covid lockdowns.

'Rich also cry': Russia's sanctioned oligarchs lose luxuries

From superyachts and mansions to private jets and works of art, mega-rich Russians are being deprived of their expensive playthings, under swingeing sanctions that implicate them in Vladimir Putin's war in Ukraine.

Trickling stream offers lifeline to survivors of Ukraine war zone

The water trickling from a pipe sticking out of a mound of dirt in Ukraine's besieged city of Lysychansk offered the last lifeline to the emaciated bricklayer's family of nine.

Sony logs record full-year sales but keeps forecast cautious

Sony on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, but offered a cautious forecast as supply chain disruption continues.

Nintendo annual net profit solid but outlook cautious

Nintendo on Tuesday reported a solid net profit for the financial year to March on the strong performance of its blockbuster Switch console, but issued a cautious forecast.

US extradition dropped after Megaupload co-defendants strike deal

Two former colleagues of tech entrepreneur Kim Dotcom have agreed to face online piracy charges in a New Zealand court in exchange for US extradition proceedings being dropped, authorities and the defendants said on Tuesday.

Sony logs record full-year sales but net profit dips

Sony on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while net profit dipped 14 percent from the previous year's record high.

All that glitters: How the money-spinning IPL turned cricket into gold

The Indian Premier League has made millionaires out of young players, generated invaluable publicity for team owners and made the national cricket board one of the richest governing bodies in global sport.

Asian stocks fall on Wall Street rout, oil prices tumble

Asian equities mostly sank Tuesday and oil prices tumbled following a rout on Wall Street as anxieties were fanned over rising US interest rates, surging inflation and the impact of China's prolonged Covid lockdowns.

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.

American Marconi Wireless News - Economy (English)