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British Airways owner unveils big Boeing, Airbus order

IAG, owner of British Airways and Spanish carrier Iberia, announced Friday a multi-billion dollar order for Boeing and Airbus planes, as it maintained its outlook despite economic uncertainty.

Japan's Panasonic targets 10,000 job cuts worldwide

Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability.

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Maradona's 1986 World Cup 'hand of God' jersey to be auctioned

The jersey worn by Diego Maradona when he scored twice against England in the 1986 World Cup, including the infamous "hand of God" goal, is to be auctioned off later this month, Sotheby's announced Wednesday.

Singer Ed Sheeran wins 'Shape of You' copyright dispute

British singer-songwriter Ed Sheeran on Wednesday won his copyright trial at London's High Court after a judge ruled that his hit song "Shape of You" did not lift musical phrases from another track.

Asian, European markets track Wall St retreat on hawkish Fed bets

Equities sank Wednesday after Wall Street tumbled on bets the Federal Reserve will act more aggressively to bring inflation under control, while oil recovered some losses caused by the European Union's decision not to ban Russian crude.

Is Picasso being cancelled?

Pablo Picasso's track-record with women certainly would not make him a feminist pin-up today.

US, UK, Australia vow to cooperate on hypersonic weapons

The United States, Britain and Australia said Tuesday they would begin collaborating on hypersonic missile strike and defence capacity, as rivals Russia and China advance rapidly in the cutting-edge technology.

Russian cinema in turmoil as Hollywood pulls out

After years spent translating Hollywood films, Russian Mila Grekova was suddenly thrown out of work after Moscow's military intervention in Ukraine.

Twitter moves to limit reach of Russian govt accounts

Twitter announced Tuesday it was introducing new measures against Russian government accounts to reduce the impact of official propaganda on the social network.

Twitter to test longed-for edit button

Twitter announced Tuesday it will soon start testing an edit button at its monthly subscription service.

JetBlue seeks to buy Spirit Airways, threatening Frontier deal

JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.

Fed prepared to take 'stronger action' to fight inflation: Brainard

Reducing high inflation is of "paramount importance" for the US central bank and policymakers are prepared to act more aggressively if needed, Federal Reserve Governor Lael Brainard said Tuesday.

Salmonella, a leading cause of foodborne outbreaks

Salmonella, fears over which sparked a cautionary recall of Kinder chocolate eggs in several European countries on Tuesday, is one of the most common causes of food-borne outbreaks.

Twitter names Elon Musk to board, further lifting shares

Twitter announced Tuesday that Elon Musk will join its board, one day after the Tesla CEO disclosed a large stake that made him the social media company's largest shareholder.

World's fossil fuel assets risk evaporating in climate fight

Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against climate change in the coming decades, experts say.

Germany closes Russian darknet marketplace Hydra

German police said Tuesday they have taken down Russian-language illegal darknet marketplace Hydra, the largest such network in the world, and seized bitcoins worth 23 million euros ($25 million).

Hit by sanctions, Lada factory town braces for tough times

For generations the Russian city of Tolyatti has been synonymous with leading car manufacturer Avtovaz, maker of one of the country's best-known brands, the Lada automobile.

Oil extends rally as EU considers more Russia sanctions

Oil prices jumped further Tuesday as the European Union considered further sanctions against major crude producer Russia in response to killings in the Ukrainian town of Bucha that have prompted international condemnation.

Scottish town welcomes banking lifeline

Donna Corrigan pops into her local supermarket to pay OneBanks a visit, laden with a heavy box of coins to deposit into her bank account.

Watchmakers tinker with new materials to draw new buyers

Lab-made diamonds, recycled plastic and 3D printing: this year's Geneva watch fair was teeming with timepieces crafted from new materials, aimed at seducing a new generation of luxury watch connoisseurs.

Oil extends rally on Russia sanctions bets, stocks wobble

Oil prices extended gains Tuesday on the prospect of further sanctions on Russia for alleged "atrocities" in some occupied Ukraine cities, while equities struggled to build on a rally in New York and Europe.

Ecuador banana industry slips over war in Ukraine

Until recently, the incessant bustle of Ecuadoran banana plantations provided evidence of the industry's robust export business. But from one week to the next, the groves have fallen silent -- trade victims to a conflict half a world away.

Satellite images show bodies in Bucha for weeks, rebutting Moscow claim

Satellite photographs released on Monday appear to rebut Russian assertions that dead bodies in civilian clothing found in Bucha had appeared there after Russian forces retreated from the devastated Ukrainian town.

Starbucks interim CEO Schultz to suspend share buyback program

The newly installed interim chief executive of Starbucks Howard Schultz announced Monday he will suspend a share repurchase program as the chain navigates a challenging landscape amid a growing unionization push.

French fruit, vineyards endure coldest April day in 75 years

French wine and fruit growers were hit by the coldest April day since 1947 overnight Sunday and early Monday, the second straight year they have suffered freak spring weather.

Twitter shares take wing, oil prices rebound

Stock markets were subdued on Monday while oil prices rose as investors tracked Russia's war with Ukraine, but Twitter stood out as its shares soared after Elon Musk purchased a major stake in the social network.

Sri Lanka opposition rejects unity govt offer, demands president resign

Sri Lanka's opposition on Monday dismissed the president's invitation to join a unity government as "nonsensical" and instead demanded he resign over the country's worsening shortages of food, fuel and medicines.

Elon Musk buys large stake in Twitter, sending stock soaring

Elon Musk has taken a major stake in Twitter, regulatory filings showed Monday, sending the social media network's stock soaring and igniting speculation he could seek an active role in its operations.

Stocks up, oil steady on easing supply, inflation concerns

Stock markets climbed and oil prices steadied Monday on easing concerns over tight crude supplies and decades-high inflation, traders said.

Sri Lanka leader offers to share power as protests mount

Sri Lanka's president offered to share power with the opposition on Monday as protests escalated across the country demanding his resignation over worsening shortages of food, fuel and medicines.

Troubled Sri Lanka set for new cabinet and protests

Sri Lanka's president was set to appoint a new cabinet Monday as security forces braced for possible violence with more protests expected against worsening shortages of food, fuel and medicines.

Asian markets mixed as strong US jobs data boosts rate hike bets

Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.

Myanmar military's beer sales tumble after junta boycott

When Japanese brewing giant Kirin called time on its Myanmar operations last month, the news made little difference to Kyaw Gyi -- like many drinkers, he had long boycotted the beer it produced with a military conglomerate.

Hungary PM Orban wins fourth term with comfortable victory

Nationalist Hungarian Prime Minister Viktor Orban won a fourth term in office Sunday as his Fidesz party emerged triumphant, official figures showed, after a campaign overshadowed by the war in neighbouring Ukraine.

Sri Lanka protesters defy curfew after social media shutdown

Armed troops in Sri Lanka blocked a Sunday opposition march that defied a weekend curfew to protest the island nation's worsening economic crisis, after authorities imposed a social media blackout to contain public dissent.

'About time': Law set to end child marriage in England and Wales

At 16, Payzee Mahmod was coerced by her Iraqi-Kurdish family in London into marrying a man around twice her age.

Stung by drought, Morocco's bees face disaster

Morocco's village of Inzerki is proud to claim it has the world's oldest and largest collective beehive, but instead of buzzing with springtime activity, the colonies have collapsed amid crippling drought.

From Beirut to Baghdad: Lebanese flee crisis seeking jobs in Iraq

Iraq, once synonymous with conflict and chaos, is becoming a land of opportunity for Lebanese job-seekers fleeing a deep economic crisis back home.

Clock ticking on Swiss watches' raw materials from Russia

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

Canadian trappers wrestle with loss of Russia, Ukraine fur markets

Trying to maintain his balance on a dam, Canadian trapper Ray Gall advances cautiously as he tries to retrieve a large black beaver snared in one of his traps.

US defense contractors see longer term benefits from war in Ukraine

US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.

American Marconi Wireless News - Economy (English)