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Featured

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

ASML profits soar, 'positive' signs for chips despite trade spats

Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West.

French trial sought for airline chief over 2004 Egypt crash

French prosecutors have requested that the former chief of Egypt's Flash Airlines stand trial over a 2004 crash off the Sinai Peninsula that killed 148 people, a judicial source said Wednesday.

Asian markets mostly rise, Hong Kong boosted by Alibaba rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, while China announced fresh measures to boost bank lending.

Israel strikes key Gaza city as public mourns slain soldiers

Israel kept up its heavy assault on the "encircled" Gazan city of Khan Yunis following an outpouring of grief over the army's deadliest single day since ground operations in the territory began.

French waste group Veolia hungry for lost UK energy

A giant crane-operated claw plunges into a mountain of rubbish before dumping its load into a huge furnace, where the waste is engulfed in flames to generate electricity.

Europe's bike industry hits bumps as cycling craze cools

At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.

Fears over economy grow as German rail begins longest strike

German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).

Did central banks break inflation? Some economists have doubts

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?

Asian markets mostly up, Hong Kong boosted by Alibaba rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities.

Brazil town still feels trauma of mine dam collapse five years on

Nathalia de Oliveira, an intern at Brazilian mining giant Vale in the town of Brumadinho, was talking on the phone with her husband when she noticed a rush of birds overhead and felt the ground shake beneath her.

US pastor who pocketed investors' $1.3m says God told him to do it

A US pastor who sold a worthless cryptocurrency to his flock and pocketed $1.3 million, using some of it to remodel his house, has insisted he was only doing what God told him.

Alaska Airlines finds many loose bolts on its Boeings as United questions orders

Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft.

Global stocks mixed amid varied Wall Street earnings results

Global stock markets treaded water on Tuesday as investors eyed a raft of corporate earnings for clues as to whether growing optimism for the US economy this year is warranted.

Conde Nast staff stage walkout against layoffs

Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs.

Prime real estate: Original Amazon House up for sale

The house where Jeff Bezos founded online shopping mammoth Amazon is up for sale, offering one lucky buyer the chance to own a piece of internet history.

Tears as Romanians flock to artist Brancusi's 'homecoming'

A Brancusi show billed as the "symbolic homecoming" of the sculptor to his native Romania has been a huge hit, leaving some visitors in tears.

Israel faces mounting pressure to end Gaza war amid deadliest day for troops

Israel on Tuesday said 24 soldiers died in the biggest single-day losses since the start of its ground war in Gaza amid growing pressure on the government to end the conflict.

Stocks mixed after Wall Street records, all eyes on earnings

Stock markets treaded water on Tuesday as investors eyed a raft of corporate earnings.

P&G reports mixed earnings, higher prices boost revenue

Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases.

Stocks, dollar diverge as oil drops

Stock markets diverged and oil prices retreated Tuesday as Chinese officials reportedly mull action to bolster its flagging economy.

Russian hackers suspected of Sweden cyber attack

Online services at some Swedish government agencies and shops have been disrupted in a ransomware attack believed to have been carried out by a Russian hacker group, IT consultancy Tietoevry said.

Japan give goalkeeper 'full support' after racist abuse

Zion Suzuki has "the full support" of Japan's squad at the Asian Cup after the goalkeeper was racially abused online, their coach said on Tuesday.

Ericsson sees 'further' market decline after 2023 loss

Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs.

Kosovo tries to tackle domestic violence - but women keep dying

After more than a decade in an abusive marriage, Linda fled to a refuge in a suburb of Kosovo's capital Pristina, a safe space for survivors in a nation long ravaged by domestic violence.

Combat flares in southern Gaza as new hostage deal sought

Combat raged in Khan Yunis in the southern Gaza Strip on Tuesday, against a backdrop of negotiations aimed at bringing about a pause in fighting between Israel and Hamas in the absence of a long-term peace plan.

Bank of Japan maintains ultra-loose policies

The Bank of Japan maintained its signature monetary easing measures on Tuesday, as speculation grows of a shift away from its ultra-loose stance.

Hong Kong leads Asian market rally on China support hopes

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.

Perec's Olympic goal driven by changing perception of French West Indians

France's three-time Olympic champion Marie-Jose Perec says her motivation to succeed on the track was so she could speak up for other French West Indians -- but she needed to win "otherwise what you say goes unheard".

Paris' grittiest suburb awaits Olympics dividend

From the windows of "Les Bons Vivants" cafe, a short walk from the athletes' village for the Paris Olympics, the changes underway in the once run-down neighbourhood are instantly visible.

EU under pressure to defuse farmers' anger

EU agriculture ministers will discuss on Tuesday how to resolve European farmers' growing discontent as Brussels scrambles to address the issue ahead of elections this year.

Norwegian factory gears up to supply ammunition to Ukraine

Around the clock, glowing slabs of steel move from one machine to the next in a Norwegian factory producing artillery shells desperately needed by Ukraine.

Wall Street smashes records ahead of heavy corporate earnings

Stocks moved higher Monday in the United States and Europe, with both the Dow and the S&P 500 hitting new record highs on growing optimism for the American economy.

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American Marconi Wireless News - Economy (English)