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Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.
Asian markets fluctuate as US inflation data looms
Asian markets saw choppy trade Wednesday as investors jockeyed for position ahead of a key US inflation report later in the day, though Hong Kong extended gains on hopes for fresh Chinese stimulus.
Unlikely savior: Musk's antics give Zuckerberg PR makeover
After years of bad press and scandal, Mark Zuckerberg is seeing his reputation spruced up in the fickle world of tech, largely thanks to the increasingly unpredictable behavior of Elon Musk.
After spring crisis, US banks face subdued profit outlook
The upcoming deluge of US bank earnings is expected to show more pressure on deposits, an uptick in reserves for bad loans and much talk about potential new regulations.
France riot damage racks up $700 mn insurance bill: industry body
Damage from riots sparked by the police killing of a teenager in France has resulted in a $715 million insurance bill, an industry body said Tuesday.
Iraq to pay for Iranian gas imports with oil: PM
Iraq will start paying for its Iranian gas imports with oil, to circumvent the complicated mechanism agreed with Washington in order not to contravene US sanctions, the prime minister said Tuesday.
Latest US Takata death prompts dire warning on some 2003 trucks
Stellantis urged owners of thousands of 2003 Dodge Ram pickups to "immediately stop" driving the vehicles if their Takata airbags have not been replaced, the company said Tuesday.
Microsoft-Activision deal back on track after US court win
A US federal judge on Tuesday resurrected Microsoft's $69 billion buyout of video gaming giant Activision Blizzard by refusing to allow the temporary suspension of the long delayed deal.
UK postal workers call off strikes
Postal workers at the UK's Royal Mail on Tuesday accepted a new pay deal to end a costly series of strikes.
Stock markets rise on China support, pound rallies
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.
UK unemployment climbs as inflation weighs on economy
UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.
World job market on brink of 'AI revolution': OECD
The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday.
'Meta loses more': Zuckerberg takes Threads fight to EU
US tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight.
Markets rise as China pledges fresh property support
Stock markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.
UK water crisis pollutes privatisation legacy
Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.
Asian markets rise as China pledges fresh property support
Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.
Global stocks mostly rise as market digests China inflation data
Global stocks mostly advanced Monday ahead of key US inflation data and after a drop in China's producer prices pointed to more weakness in the world's second biggest economy.
What carbon footprint? American man flies 23 million miles
Tom Stuker has flown some 23 million miles in three decades, the same as 48 round trips to the moon, but the American says he is not concerned by his carbon footprint.
Turkey unblocks Sweden NATO bid, setting stage for summit
Turkey agreed Monday to allow Sweden to join the NATO alliance, setting the stage for the allies to showcase their unity at a summit focused on securing support for Ukraine's battle against Russia's invasion.
Yellen sees 'desire on both sides' for productive US-China ties
Washington and Beijing both want to stabilize US-China ties and deal constructively with problems in their relationship, Treasury Secretary Janet Yellen said in an interview airing on Monday.
Turkey's Sweden demand rocks NATO unity ahead of summit
NATO's united front at a summit focused on helping Ukraine defeat Russia and Kyiv's push to join the alliance was undermined Monday by a shock Turkish ultimatum on Sweden's membership bid.
Rescuers save 86 migrants from boat near Canary Isles
Spain's coastguard said Monday it rescued 86 migrants from sub-Saharan Africa from a boat near the Canary Islands that had been spotted earlier in the day by a rescue plane.
Transfer of crude from tanker off Yemen to start next week: UN
The transfer of crude oil from a decaying tanker off Yemen will begin early next week, the United Nations said Monday of an operation aimed at preventing a damaging Red Sea spill.
Top US Marines job unfilled as senator stalls nominations
The head of the US Marine Corps stepped down Monday, leaving the famed service without a confirmed long-term leader as America's bitter political feud over abortion hampers the approval of scores of military nominees.
US Fed official calls for increase to bank capital requirements
A senior Federal Reserve official has proposed raising capital requirements for large US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
Stock markets advance as traders track China news, await US data
Major stock markets largely climbed Monday tracking more weak data from China and hopes that the country had ended a long-running crackdown on the tech sector.
HRW says TotalEnergies oil project 'a disaster' for Ugandans
Human Rights Watch (HRW) on Monday urged a halt to a major East African oil project led by French giant TotalEnergies, warning of dire consequences for the environment and local communities.
Stock markets climb as traders track China news
Major stock markets largely climbed Monday tracking more weak data from China and hopes that the country had ended a long-running crackdown on the tech sector.
UK telecoms firm BT announces exit of chief executive
British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55,000 jobs to slash costs.
Birds or rivers on euro notes? Europeans can weigh in
The European Central Bank launched a survey Monday asking citizens to weigh in on the redesign of euro banknotes, with rivers, birds and European culture among the shortlisted themes.
Auditors say French govt must rein in decried consultancies
France's government must further rein in sometimes "inappropriate" hiring of consultancies, the country's Court of Auditors said Monday, responding to public outcry over an issue that hobbled President Emmanuel Macron's reelection campaign last year.
Twitter rival Threads signs up 100 million users in five days
The Threads app launched by Instagram as a rival to Twitter has signed up more than 100 million users in less than five days, data tracking websites said on Monday, smashing the record of AI tool ChatGPT for fastest-growing consumer app.