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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.

Euro-Area Inflation Reaches 4% as Energy Prices Jump

Euro-area annual inflation rose to an estimated 4% in October, with energy prices increasing 20.8% from a year earlier. Services inflation reached 3.3%, while food, alcohol and tobacco prices increased 1.6% and non-energy goods rose 1.2%.

Last news

Unilever profit drops as sales flatten after price hikes

British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices.

Recipe for trouble: Butter chicken battle hits Indian court

Butter chicken, one of India's most loved dishes, is at the centre of a culinary storm with two competing restaurant chains claiming to be the inventors of the lip-smacking preparation.

Most markets rise after Wall St record, Shanghai extends rally

Stocks mostly rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

Gucci owner Kering says profit fell 17% in 2023

French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci.

Asian markets mixed after Wall St record, Shanghai extends rally

Asian stocks were mixed Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

German libraries up defences against far-right attack

Defaced and destroyed, books torn up and political messages scrawled across their pages: the evidence of an alleged far-right vandalism spree at a city library in Berlin covers an entire table.

Pakistanis vote with Khan in jail, Sharif tipped to win

Millions of Pakistanis voted Thursday in an election marred by allegations of poll rigging, with the country's most popular politician in jail and a military-favoured candidate tipped to win.

Chinese consumer prices suffer quickest drop in 14 years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.

Five killed in clashes with police in Haiti amid protests

Five agents of an environmental protection body were killed in clashes with police near the Haitian capital Wednesday, as the country is seized by violent protests calling for the ouster of Prime Minister Ariel Henry.

China consumer prices show quickest drop in 14 years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.

Most Asian markets track Wall St record, Shanghai extends rally

Most Asian stocks rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.

Economy is a gamble for Biden in election year

Anger over rising prices and wages that don't stretch far enough brought thousands of casino workers onto the streets of Las Vegas in recent months, part of a wave of labor discontent in the United States.

'I want to rest in peace': Ecuador decriminalizes euthanasia

Ecuador decriminalized euthanasia on Wednesday, becoming the second Latin American country to allow the procedure, in response to a lawsuit brought by a terminally ill patient.

US Fed officials urge patience on interest rate cuts

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

French actor Godreche files rape complaint against famed director

French prosecutors said Wednesday they had opened an inquiry after actor Judith Godreche filed a complaint against film director Benoit Jacquot, accusing him of raping her in a relationship that began when she was 14 and he was 25 years her senior.

Ukraine calls for 'urgent' military help after fresh Russian strikes

Ukraine urged the West on Wednesday to speed up and increase deliveries of artillery shells after a "massive" new Russian missile attack on Kyiv and other regions killed at least five people and wounded more than 40.

Stock markets mixed as investors digest corporate results

Global stock markets diverged on Wednesday as investors digested a mixed bag of corporate earnings and the likelihood that the US Federal Reserve would wait longer than hoped to cut interest rates.

Brentford condemn 'vile' online racist abuse of Toney

Brentford have condemned the "vile harassment" of Ivan Toney after the England striker was the target of online racist abuse, labelling the response of social media companies "underwhelming".

US trade gap narrows in 2023 to smallest in three years

The US trade deficit narrowed in 2023 to the smallest in three years, according to government data released Wednesday, while America bought more goods from Mexico than China for the first time in about two decades.

European stock markets drop, Shanghai extends gains

European stock markets dropped on Wednesday as traders reacted to more mixed earnings and weak German data, while Shanghai extended a rally on measures aimed at supporting China's ailing economy.

Deal signed to export DR Congo copper via US-backed corridor

Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.

'Massive' Russian air attack kills at least five in Ukraine

Russia fired dozens of missiles and drones at Ukraine on Wednesday in a "massive" early morning attack that killed at least five people and injured more than 30, officials in Kyiv said.

TotalEnergies posts record annual profit at $21.4 billion

French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity divisions.

TotalEnergies reports record annual profit at $21.4 bn

French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity divisions.

Asian markets track Wall St higher as Shanghai extends rally

Shanghai stocks extended their rally Wednesday on hopes for more Chinese measures in support of battered markets, while traders in most other parts of Asia tracked Wall Street advances fuelled by strong earnings.

Contaminated soil landslide threatens Danish village

A small hamlet in the west of Denmark is facing an unusual existential threat: a landslide of contaminated waste that is bearing down on the community and a nearby river.

Why fashion's 'recycling' is not saving the planet

In H&M's flagship Paris store it is hard to find clothes that don't claim to be made from "recycled materials".

Why Germany is being hit by strikes almost every day

A wave of strike action has brought Germany to a standstill in recent weeks, as Europe's largest economy has struggled for growth and consumers have felt the pinch from sky-high inflation.

Asian markets track Wall St higher as Hong Kong extends rally

Hong Kong and Shanghai stocks extended their rally Wednesday on hopes for more Chinese measures in support of battered markets, while traders elsewhere in Asia tracked Wall Street advances fuelled by strong earnings.

The Super Bowl (Taylor's Version): Top Chiefs fan takes spotlight

The Super Bowl, already a spectacle of American football, music and advertising, kicks off Sunday with yet one more attention-grabbing lure: megastar Taylor Swift cheering from the VIP suites.

Santos, Woodside abandon mega-merger talks

Australian energy firms Santos and Woodside Energy on Wednesday abandoned talks to create an oil and gas firm worth more than US$50 billion.

Networks unite to create new sports streaming platform

ESPN, Fox and Warner Bros Discovery have reached agreement on a new streaming platform for live sports content, the companies said on Tuesday.

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American Marconi Wireless News - Economy (English)