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India extends micro-credit guarantee plan for five years

"" NEW DELHI: The Union Cabinet on Wednesday approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years up to March 2031, a move that will facilitate loans of Rs 12.

Spain's General Strike Links Housing Crisis to Lost Purchasing Power

Spain experienced its first nationwide general strike in 14 years as unions protested soaring housing costs and shrinking purchasing power. Transport and traffic were disrupted in several large cities, although unions and employer groups offered sharply different estimates of participation.

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Capital One's takeover of Discover reshuffles US credit card sector

Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape.

US to announce new sanctions against Russia over Navalny death

The United States will announce fresh sanctions on Russia on Friday over the death in prison of opposition leader Alexei Navalny, as a string of European governments summon Russian diplomats.

Global stocks mostly lower despite China rate cut

Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.

The Body Shop to shut nearly half of UK shops

The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday.

Eiffel Tower closed again as staff extend strike

The Eiffel Tower, one of the world's top tourist attractions, remained closed for a second straight day Tuesday as staff extended a strike over the monument's financing.

Global stocks slip despite China rate cut

Wall Street and European stocks mostly fell on Tuesday, as gains in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.

Young creators face cost dilemma at London Fashion Week

To show or not to show at London Fashion Week? That was the question at this year's event for young independent brands facing higher costs post Brexit and soaring inflation.

Walmart says it will buy TV maker Vizio for $2.3 bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

Europe stocks mainly climb after China rate cut

European equities mostly rose Tuesday, following gains in Hong Kong and Shanghai, after China's central bank sprang a record cut to a benchmark lending rate in a bid to boost the nation's struggling economy.

Boeing announces Dreamliner deal at Singapore Airshow

Boeing said Tuesday that Thai Airways had placed an order for 45 Dreamliner aircraft, the first major deal announced by the embattled US plane-maker at the Singapore Airshow.

Eiffel Tower closed again as staff extend strike: union

The Eiffel Tower, one of the world's top tourist attractions, will remain closed for a second straight day Tuesday as staff extend a strike, a union representative told AFP.

China shares end higher as central bank cuts key rate

China's shares finished higher on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

Wind-powered Dutch ship sets sail for greener future

The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping to plot a route to bringing down the shipping industry's huge carbon footprint.

Potholes, a British obsession with a heavy price

Dotting the asphalt, they come in various shapes and sizes, costing drivers a fortune in vehicle repairs and even lives. In Britain, potholes are increasingly a scourge and an obsession.

Lab-grown diamonds put natural gems under pressure

The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.

Made-in-China airliner seeks buyers at Singapore Airshow

China's first domestically produced passenger jet was presented at Asia's biggest airshow, which opened in Singapore on Tuesday, as Beijing seeks to woo international buyers.

China cuts key mortgage rate to boost economy

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.

China shares dip as central bank cuts key rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

Capital One to buy Discover for $35.3 bn

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

UN agencies warn of 'explosion' in Gaza child deaths

An alarming lack of food, surging malnutrition and the rampant spread of disease could spark an explosion in child deaths in Gaza, the United Nations warned Monday.

Made-in-China airliner shown overseas at Singapore Airshow

China's first domestically produced passenger jet will be presented to potential buyers in an international debut at Asia's biggest airshow, which opens in Singapore on Tuesday.

Italy takes over troubled steel mill

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation.

Stock markets diverge before more key earnings

Major stock markets diverged Monday as traders awaited more earnings updates this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart.

Eiffel Tower closes as staff go on strike

The Eiffel Tower, one of the world's top tourist attractions, was closed Monday after staff went on strike, unions told AFP.

Asian stocks mostly up as China enjoys Lunar New Year bump

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

Ukraine PM seeks reconstruction help in Japan

Ukraine's prime minister urged Japan's government and private sector on Monday to step up support for the country's reconstruction, promising an "economic miracle" once the almost two-year-old war with Russia ends.

China new year holiday spending surges past pre-pandemic levels

China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

Asia stocks mixed as China enjoys Lunar New Year bump

Chinese stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate cuts.

New Bob Marley film gets box office love in N.America theaters

Paramount's new musical biopic "Bob Marley: One Love" enjoyed the adoration of North American theatergoers this weekend, topping the box office with estimated earnings of $27.7 million, industry watcher Exhibitor Relations reported Sunday.

Japan's 'naked men' festival succumbs to population ageing

A steam of sweat rose as hundreds of naked men tussled over a bag of wooden talismans, performing a dramatic end to a thousand-year-old ritual in Japan that took place for the last time.

Could mini nuclear stations plug South Africa's power gaps?

South African nuclear scientists want to build a new generation of mini nuclear reactors, both to plug holes in their own country's blackout-plagued grid and to build an export industry for the future.

Family ties and city life stitch style into London Fashion Week

Familial nostalgia, cultural roots and the frenetic pace of London life marked the second day of the city's Fashion Week on Saturday as up-and-coming designers showed off their styles for the season ahead.

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American Marconi Wireless News - Economy (English)