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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

US existing home sales fall to lowest level since 1995

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

Apple ready to open iPhone tap-to-pay to rivals -- in the EU

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals -- in the EU -- after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday.

Grammy winner Kidjo says art 'humanises' Davos

Five-time Grammy winner and African music legend Angelique Kidjo says she attends the annual meeting of global elites in Davos because "bringing art to it humanises" the World Economic Forum.

Wall Street opens higher but European stocks lag

Wall Street opened higher as tech stocks continued their recovery, but European shares were weighed down by concerns about slow growth and sticky inflation.

UK health chief sounds alarm over falling measles vaccinations

The UK's public health protection agency on Friday sounded a "national call to action" for more measles jabs for children because of falling vaccination rates and fears a current outbreak could spread.

Tata Steel axes UK jobs as industry forges green future

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry struggles to finance greener production of the metal.

Tata Steel says to cut up to 2,800 UK jobs

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

Economic outlook keeps investors wary on Nigeria

Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.

Markets track Wall St rally but China worries cast shadow

Markets mostly rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates, though China's economic woes dragged on Hong Kong and Shanghai.

Indian tycoon Adani bets big on vast solar and wind plant

Deep in the desert along the border with Pakistan, India's most controversial billionaire is building the world's largest renewable energy park as he races to future-proof his coal-linked fortune.

Japan inflation slows to 2.3 percent in December as energy bills drop

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

Asian markets track Wall St higher after tech surge

Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.

Beyond algorithms: Sandra Rodriguez hacks AI tools for art

Canadian artist and academic Sandra Rodriguez, by hacking artificial intelligence, hopes to demystify the novel technology topping the news of late, while showcasing its power and potential to brighten but also disrupt our lives.

Japan inflation slows in December as energy bills drop

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

Global stocks rebound as tech snaps losing streak

Global stocks rebounded Thursday in choppy trade as investors assessed the outlook for interest rates and tech giants rebounded from recent losses.

Ukraine allies launch 'artillery coalition' to boost depleted supplies

Ukraine warned Thursday that its army faces a "very real and pressing" ammunition shortage in its war against Russia, as Western allies agreed new artillery supplies.

Stocks rebound from sharp losses

Global stocks rebounded Thursday in choppy trade as investors assessed the outlook for interest rates after the previous day's sharp losses.

Just Eat to halt Paris subsidiary employing riders on contracts

The Anglo-Dutch group Just Eat Takeaway said Thursday that it would wind up its Paris subsidiary that employs riders on labour contracts but that it will continue to operate its delivery service in the French capital.

Stocks attempt rebound from sharp losses

Global stocks attempted to rebound Thursday in choppy trade as investors assessed the outlook for interest rates after the previous day's sharp losses.

Senior Yemen official says ground operation needed against Huthis

The deputy leader of Yemen's presidential council said Thursday that its military forces need foreign assistance to launch a ground operation that would back US and UK air strikes against Huthi rebels.

Google CEO warns of more layoffs

Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine giant as it focused on new priorities, including artificial intelligence.

Kyiv warns ammunition low as allies launch 'artillery coalition'

Ukraine's defence minister warned Thursday that the country faced a "very real and pressing" ammunition shortage in its grinding near-two-year battle against Russia, as Western allies met in Paris to agree new artillery supplies.

Public-sector strikes add to N. Ireland's political crisis

Tens of thousands of public-sector workers in Northern Ireland walked off the job on Thursday, in what one union boss said could be the biggest strike in the province.

European equities attempt rebound from sharp losses

Europe's major stock markets rose Thursday in choppy trade after a largely upbeat Asian session, as investors assessed the outlook for global interest rates after the previous day's sharp losses.

India's Akasa Air orders 150 Boeing planes: CEO

India's newest airline, Akasa Air, said Thursday it has ordered 150 Boeing 737 MAX planes as it looks to bolster its fleet and kick off international operations.

IMF grants Kenya new $941 million loan

The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.

Markets swing on dimming rate cut hopes, weak China outlook

Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high.

Shanghai's elderly seek romance at Ikea lonely hearts club

More than a decade after Ikea tried to kick them out, the raucous Shanghai pensioners' matchmaking group that gathers weekly in the furniture store's cafeteria is still very much alive and kicking.

Apple loosens grip on iPhone apps - with a catch

After a years-long legal battle, Apple says it will begin allowing iPhone app developers to use alternative payment systems -- but they will still have to pay fees and meet various conditions.

Brazil's Indigenous Yanomami again face illegal mining-linked crisis

The Yanomami Indigenous group are again facing a severe humanitarian crisis blamed on illegal gold miners, despite Brazil's president deploying the military to wrest back control of their territory.

'Prince of Persia' creator 'never imagined' game would be his magic carpet

For video game maker Jordan Mechner, "The Prince of Persia" has allowed him to achieve a childhood dream.

West Bank economy in tatters as Gaza war rages

In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.

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American Marconi Wireless News - Economy (English)