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Featured

US unseals warrant for tanker seized off Venezuelan coast

US authorities on Friday unsealed the warrant for an oil tanker seized off the coast of Venezuela decried as "international piracy" by Caracas.

World stocks mostly slide, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as profit-taking trimmed some of the gains seen after the Federal Reserve's interest rate cut this week.

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England rugby maternity policy can 'normalise motherhood in sport'

England women's lock Abbie Ward hailed a new maternity policy from the Rugby Football Union (RFU) on Thursday as giving mothers the "best possible chance of returning to play."

Passports and war driving pregnant Russians to give birth in Argentina

When migration officials detained six pregnant Russian women at a Buenos Aires airport last week, they exposed a phenomenon that has been growing in the country for a year: Russian birthing tourism.

UK energy group Centrica's surging profit sparks fury

Britain's biggest domestic energy supplier Centrica on Thursday posted rocketing annual profit, sparking fury as Britons face soaring household electricity and gas bills that have fuelled a cost-of-living crisis.

French pensions strikes slow before March showdown

Turnout was sharply down on Thursday for new strikes in France against a bitterly opposed pension reform being debated in parliament, with union heads hoping for a bigger showdown to come.

US wholesale price inflation rebounds on goods prices

Wholesale prices in the United States picked up more than expected in January, according to Labor Department data released Thursday, bumped up by goods costs and fueled by higher gasoline prices.

China remains Germany's biggest trade partner in 2022

China was Germany's biggest trading partner in 2022 for the seventh year in a row, figures published Thursday showed, as policymakers worry about economic over-reliance on Beijing.

Nigerian president moves to try to ease cash crisis

Nigeria's President Muhammadu Buhari on Thursday defended a currency swap that sparked protests and cash shortages, but ordered old, small denomination 200 naira notes to remain in circulation in a bid to ease scarcities.

Soul-searching for Scotland's SNP as Sturgeon quits

The Scottish National Party (SNP) on Thursday faced calls to postpone a special conference aimed at reviving its troubled push for independence, after the surprise resignation of leader Nicola Sturgeon.

Lebanese protesters smash bank facades as crisis bites

Dozens of angry demonstrators attacked several banks in Beirut on Thursday after the Lebanese pound hit a record low, AFP journalists said, amid a deepening economic crisis.

Paris stock market joins London on record high over recovery hope

The Paris stock market hit an-all time high Thursday after London's record-breaking run on economic recovery hopes as inflation eases away from sky-high levels.

Berlin film fest to beam in Zelensky for opener with Sean Penn

Ukrainian President Volodymyr Zelensky will join Hollywood actor Sean Penn by video link on Thursday at the opening of the Berlinale, Europe's first major film festival of the year, as it spotlights the fight for freedom in Ukraine and Iran.

Will Man Utd become football's latest Gulf-backed project?

Prospective new owners of Manchester United have until Friday to reveal their interest in buying one of the world's biggest clubs, with the British press reporting a bid from Qatar which, if successul, will send shockwaves through European football.

Airbus earns record net profit of 4.2 bn euros in 2022

European aircraft manufacturer Airbus said on Thursday profits soared to a record level in 2022 despite supply chain problems limiting its ability to raise production.

Inflation nibbles at Nestle margins

Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.

Renault boosts profitability but Russia exit pushes it into loss

French automaker Renault said Thursday it boosted manufacturing profitability in 2022 but the sale of its operations in Russia pushed the company into a net loss.

From Russia, with 'Z' love

Russian conservative writer Alexandra Makarova fell in love with soldier Dmitry Matviyenko after he lost a leg fighting in Ukraine.

Russians adapt to 'nerve-wracking' life under sanctions

When Vladimir Stetsenko put his apartment on the market in October, he thought the ad for the newly renovated property in southern Moscow would generate some interest. It did not.

Berlin film fest opens with spotlight on Iran and Ukraine

The Berlinale, Europe's first major film festival of the year, opens Thursday with a comedy starring Anne Hathaway, Marisa Tomei and Peter Dinklage ahead of a packed programme spotlighting Iran and Ukraine.

Asian markets rise as traders evaluate strong US economy

Asian markets pushed higher Thursday, extending gains in New York and Europe, as a forecast-busting US retail sales report showed American consumers remain confident despite elevated inflation and the prospect of more interest rate hikes.

Most baby formula health claims not backed by science: study

The vast majority of health claims used to advertise baby formula worldwide are not supported by rigorous scientific evidence, a study said Thursday, leading researchers to urge the breast milk substitutes be sold in plain packaging.

Global stocks rise after strong US retail sales, better UK inflation data

Wall Street stocks shrugged off early weakness and pushed higher Wednesday as they followed European bourses upward after strong US economic data.

Experts deliver report into Pablo Neruda's mysterious death to Chile judge

A panel of scientific experts investigating the mysterious death of Nobel laureate poet Pablo Neruda delivered a report to a Chilean judge on Wednesday.

Ford halts output of F-150 Lightning through at least next week

Ford plans to suspend production of its F-150 Lightning electric pickup truck through "at least" the end of next week, a company spokeswoman said Wednesday.

World's oldest near-complete Hebrew Bible heads to auction

A Hebrew Bible more than 1,000 years old is set to be sold at auction in New York for up to an estimated $50 million, Sotheby's announced Wednesday.

World Bank chief David Malpass to step down early

World Bank chief David Malpass announced Wednesday he would step down nearly a year early from his position heading the development lender, amid questions over his climate stance.

World Bank chief David Malpass to step down

World Bank chief David Malpass announced Wednesday he would step down by the end of June from his position heading the development lender.

US risks debt default as soon as July: budget office

The United States risks defaulting on payment obligations as soon as July, if lawmakers fail to resolve a gridlock and raise the federal borrowing limit, according to Congressional Budget Office estimates Wednesday.

Riots break out in Nigerian cities amid cash scarcity

Rioters attacked bank ATMs and blocked roads in three Nigerian cities on Wednesday as anger spilled on the streets over a scarcity of cash, officials and local media said.

Canada women's coach 'proud' of team over pay dispute

Canada women's team coach Bev Priestman says she is proud of her players taking a stance over equal pay and conditions but hopes the "draining" dispute with the Canadian Soccer Association (CSA) is resolved quickly.

Barclays bank shares tumble as bad loans surge

Shares in Barclays slumped as much as 10 percent Wednesday after the British bank announced a surge in bad loans alongside a drop in annual profits linked to US litigation charges.

Self-drilling seed carriers break new ground

Dropped over their target by drone, dozens of tiny wooden "robots" twirl through the air in a balletic freefall before hitting the ground, where the work begins for these experimental self-burying seeds on an aerial replanting mission.

Cows, cars and hot bread: Turks rally to help quake victims

The small, elderly woman in a white headscarf leans on a stick and holds up a wad of bills: 13,000 Turkish liras ($690) for the country's earthquake victims. She made the money by selling her cow.

American Marconi Wireless News - Economy (English)