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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

Israel says part of Hamas 'dismantled' as war enters fourth month

Israel said it had "dismantled" Hamas's military leadership in northern Gaza as its war against the Palestinian group entered its fourth month Sunday, with fears mounting that the conflict could spread into neighbouring Lebanon.

Bhutan to vote as economic strife hits 'national happiness'

The picturesque Himalayan kingdom of Bhutan holds general elections on Tuesday with serious economic challenges calling into question its longstanding policy of prioritising "Gross National Happiness" over growth.

Netanyahu vows 'complete victory' as more bombs hit Gaza

Israel kept up its bombing of Gaza on Saturday as its war on Hamas approached its fourth month, with Prime Minister Benjamin Netanyahu vowing to achieve "complete victory" over the Palestinian militants.

US regulator orders inspections on some Boeing MAX 9 planes after emergency

The US air safety regulator announced Saturday it was grounding and ordering inspections on some Boeing 737 MAX 9 airplanes a day after a window panel blew out of one of the aircraft over the state of Oregon.

Rocket carrying American lunar lander arrives at launchpad

Final preparations were underway Friday for the launch of the first American spacecraft to attempt a lunar landing in more than 50 years, under a new partnership between NASA and private industry.

Global maritime trade sails into geopolitical storm

International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge.

'Starsky & Hutch' star David Soul dies aged 80

US-born actor and singer David Soul, a beloved 1970s icon for his role as Detective Kenneth "Hutch" Hutchinson in the classic TV series "Starsky & Hutch", has died aged 80, his family announced Friday.

India navy rescues Arabian Sea crew after hijack attempt

India's navy said Friday it had rescued 21 crew members from a vessel in the Arabian Sea after a hijacking distress call, the latest attack on commercial shipping in the region.

Rocket carrying American lunar lander rolls to launchpad

Final preparations were underway Friday for the launch of the first American spacecraft to attempt a lunar landing in more than 50 years, under a new partnership between NASA and private industry.

US hiring beats expectations in December as job market stays resilient

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election.

US hiring exceeds expectations in December

Eurozone inflation rises in December

Eurozone inflation increased in December, official data showed Friday, breaking seven months of falls and leaving analysts divided over when the European Central Bank would start to cut interest rates.

Maersk says to avoid Red Sea for foreseeable future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

Stocks retreat before US jobs data, as rate cut hopes fade

European and Asian stock markets slid Friday before US jobs data and after separate employment figures out of the word's biggest economy poured cold water on hopes the Federal Reserve will cut interest rates in the next few months.

Eurozone inflation rises to 2.9% in December

The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs, official data showed Friday.

Tesla to recall 1.6 mn cars in China to fix steering software

Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, marking another blow for the US firm days after it was surpassed in EV sales by China's BYD.

Israeli minister lays out post-war Gaza plan as fighting rages

Israel's defence minister has publicly presented for the first time proposals for the post-war administration of Gaza, where the military on Friday reported deadly overnight strikes.

Tesla to recall 1.6 mn cars in China to fix steering software: regulator

Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, owing to software issues that could pose safety risks while driving.

Markets mostly down ahead of US jobs as rate cut hopes fade

Asian and European stocks struggled Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months.

Markets mixed ahead of US jobs as rate cut hopes fade

Asian stocks were mixed Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months.

Israeli defence chief lays out post-war Gaza plan as fighting rages

Israel's defence minister has laid out for the first time preliminary plans for the post-war administration of Gaza, saying neither Israel nor Hamas will rule the Palestinian territory after hostilities there conclude.

Navajo object to depositing human remains on Moon

The United States will soon launch its first spacecraft to attempt a soft lunar landing since the Apollo era, in a historic collaboration with the private sector -- but not everyone is celebrating.

US stocks stumble as tech titans tumble

European stocks rebounded from losses at the start of the year on Thursday, while the picture in the US was mixed as investor enthusiasm for American tech giants continued to wane.

US auto sales boosted by price cuts in 2023

US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.

Ford US vehicle sales neared two million in 2023

Auto giant Ford sold almost two million vehicles in the United States last year, the company said Thursday, buoyed by accelerating electric vehicle sales and continued growth in internal combustion engine trucks.

European, US stocks stage rebound

European and US stock indices rebounded Thursday following a series of losses at the beginning of the year over interest rate cut angst and geopolitical uncertainty.

Spain generated record 50% of power from renewables in 2023

Spain generated more than half of its electricity from renewable sources such as wind and solar power in 2023 in a "historic" record, the national power grid said Thursday.

UK party leaders kick off general election year

UK Prime Minister Rishi Sunak said on Thursday he had pencilled in later this year for a general election, as he and his main political rival to be Britain's next leader effectively kicked off campaigning.

Strikes shut doors at world-famous French monuments

Tourists travelling to visit historic French landmarks the Eiffel Tower and Normandy's Mont Saint Michel have found their doors closed for part of the past two weeks, as striking workers complain of underinvestment and too many visitors.

European, US stocks creep higher

Europe's major stock indices edged higher Thursday, while Wall Street opened mixed, following a series of losses at the beginning of the year.

US private sector hiring up more than expected in December

The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.

German emissions at 70-year low as coal use drops

German emissions were at their lowest point in around 70 years, as Europe's largest economy managed to reduce its dependence on coal faster than expected, a study published Thursday showed.

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American Marconi Wireless News - Economy (English)