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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

Australian, American charged with running crypto Ponzi scheme

An Australian man and a US national have been charged in California with operating a cryptocurrency Ponzi scheme, the Justice Department said Tuesday.

Sticky US inflation data holds back stocks

Sticky US inflation data kept stocks from making further sharp gains on Tuesday although indices held near peaks or records as investors bet on interest rate cuts.

Macron's govt defiant after immigration bill rejection

France's government insisted Tuesday it would implement tough measures against illegal migrants as it battled a political crisis following the rejection of its flagship immigration bill in the lower house of parliament.

Paris stock market hits record high before US inflation data

The Paris stock market struck a record-high Tuesday as traders awaited a bumper round of key events, starting with the release of US inflation data.

Renault sells Nissan stake as part of rebalanced alliance

Renault said Tuesday that it was selling to Nissan part of the stake it owns in the Japanese automaker as the two companies rebalance their alliance.

'Chip alliance': S. Korean president kicks off Dutch trip

South Korea's president on Tuesday kicked off a visit to the Netherlands, hoping to forge a "chip alliance" between the two global semiconductor powerhouses amid growing tech tensions with China.

Asia tracks Wall St rally ahead of run of data, Fed decision

Stocks tracked Wall Street higher and the dollar retreated Tuesday as traders awaited a bumper round of market-moving events, starting with the release of US inflation data later today.

The dangerous rise of 'medicalised' genital mutilation in Kenya

As Edinah Nyasuguta Omwenga fought for her life after developing complications during childbirth, she overheard doctors in the Kenyan hospital describe her condition as a textbook example of the damaging -- even deadly -- effects of genital mutilation.

China's Xi visits Vietnam in bid to counter US

China's President Xi Jinping arrived in Vietnam Tuesday for his first visit in six years, as he seeks to counter the United States' growing influence with the communist nation.

Jordan's mission to save its ancient olive trees

Every morning, Jordanian farmer Ali Saleh Atta swallows two cloves of garlic with a cup of olive oil before heading out to check on his ancient olive trees.

French parliament rejects Macron's immigration bill

The French parliament on Monday voted down a flagship immigration bill of President Emmanuel Macron's government, prompting his high-profile interior minister to offer to resign over the "failure".

French lower house rejects Macron's immigration bill

The French lower house of parliament on Monday adopted a motion to reject a highly controversial immigration bill, dealing a major blow to the government of President Emmanuel Macron.

Threads countdown teases app's potential EU launch

The wait could be over for internet users in the European Union keen to sign up to Threads, an Instagram app.

400 South Africa miners resurface after underground dispute

More than 400 South African gold miners who remained underground for four days amid tensions between unions and the mine owners returned to the surface on Monday, with some telling AFP that workers had collapsed due to lack of food.

'This is Guyana': Essequibo residents anxious over Venezuela claim

A freshly planted Guyanese flag flaps on the summit of a table-top mountain rising from thick forests in a remote region near the Venezuelan border.

Rising egg prices show cracks in sanctions-hit Russian economy

Russians have voiced concern about the growing cost of a basic food staple -- eggs -- pointing to the fragile state of the sanctions-hit economy, as President Vladimir Putin seeks a fifth term in office.

South Africa miners resurface after underground dispute

More than 400 South African gold miners who remained underground for four days, amid tensions between unions and the mine owners, returned to the surface on Monday, some telling AFP that workers had collapsed due to lack of food.

Markets mixed ahead of US inflation data, Fed decision

Markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation.

Fears for children of same-sex couples in hard-right Italy

The risk she could lose her children is driving Chiara and her family into self-imposed exile, away from Italy and a hard-right government hostile to same-sex parents.

TikTok announces $1.5 bn deal to restart Indonesia online shopping business

Chinese-owned short video app TikTok on Monday announced a $1.5 billion investment in GoTo group in a deal that would allow it to restart its online shop in Indonesia, the companies said in a statement.

Falling inflation shifts focus to when ECB could cut rates

With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.

US Fed expected to pause again as inflation edges closer to target

The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.

Sour grapes: Japan battles to protect premium fruits

The variety of juicy grape that Yuki Nakamura is harvesting as the sun rises over his farm took scientists 33 years to develop and can sell for $100 a bunch in Tokyo department stores.

China's Xi looks to strengthen Vietnam ties after Biden visit

China's President Xi Jinping will arrive in Vietnam on Tuesday on a mission to strengthen relations, just months after Washington and Hanoi upgraded their diplomatic ties.

Desperation for the homeless on the streets of Los Angeles

When Carlos Schmidt beds down on the hard streets of Los Angeles, he has nothing but a backpack and an old blanket, like thousands of other homeless people in one of the richest cities in the world's richest country.

China sees progress at climate talks as OPEC fights for fossil fuels

China said on Saturday it saw progress in reaching a climate deal at a key United Nations summit in Dubai, despite a last-minute push by the OPEC oil cartel to resist a phase-out of fossil fuels.

Nigeria loads first crude at huge new Dangote refinery

Nigeria's huge oil refinery built by Africa's richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest step to starting up the delayed megaproject.

Nearly two years into war, is Russia's economy out of the woods?

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

'Back on track': Biden unveils plan for first US high-speed train

Train enthusiast Joe Biden unveiled a $8.2 billion plan Friday to get America's creaking rail network back on track, including its first ever high-speed link between Los Angeles and Las Vegas.

EU strikes deal on landmark AI law

EU member states and lawmakers clinched a deal on Friday on how to draft "historic" rules regulating artificial intelligence models such as ChatGPT -- after 36 hours of negotiations.

US stocks, dollar gain after strong jobs data

Wall Street stocks finished the week on a positive note Friday following solid labor and consumer data, while the dollar pushed higher.

French court convicts six teens for role in beheading of teacher

A French court on Friday convicted six teenagers for their role in the 2020 beheading of a teacher by a radicalised Islamist near Paris, in a case that horrified the country.

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American Marconi Wireless News - Economy (English)