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Featured

Black and cream and very Roman at Fendi haute couture show

Fendi presented its first haute couture show under designer Maria Grazia Chiuri Thursday, showing off a luxurious collection of black and cream looks -- and an homage to longtime couturier Karl Lagerfeld.

US existing home sales dip in June as cost worries persist

Sales of previously owned homes in the United States dropped in June, according to industry data released Thursday, as affordability worries continued to weigh on property buyers.

Last news

Cryptocurrencies enter Ukraine conflict

Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is watching the effects of Russia's invasion on his flourishing industry with a weary eye.

Greeks protest at soaring cost of living

Thousands of Greeks on Saturday joined union protests in several cities against a steep rise in the cost of living as the government vowed to boost emergency support for households.

Afghan universities reopen, but few women return

Afghanistan's main universities reopened Saturday six months after the Taliban returned to power, but only a trickle of women returned to now-segregated classes.

Ukrainian, Russian troops fight in streets of Kyiv

Ukrainian forces repulsed a Russian attack on Kyiv but "sabotage groups" infiltrated the capital, officials said Saturday as a defiant President Volodymyr Zelensky vowed Ukraine would never give in.

Chinese banks limit financing for Russian purchases: Bloomberg

Several Chinese public banks are limiting financing to purchase raw materials from Russia for fear of Western sanctions following the invasion of Ukraine, Bloomberg news agency reported on Saturday.

Arabs fear for wheat supplies after Russia invades Ukraine

Russia's invasion of Ukraine could mean less bread on the table in Egypt, Lebanon, Yemen and elsewhere in the Arab world where millions already struggle to survive.

UN to agree on plan for 'historic' plastics treaty

More than 100 nations convening in Nairobi next week are expected to take the first steps toward establishing a historic global treaty to tackle the plastic crisis afflicting the planet.

Ukrainian and Russian fight on streets of capital Kyiv

Ukrainian soldiers repulsed a Russian attack in the capital, the military said early Saturday, only hours after President Volodymyr Zelensky warned that Moscow would attempt to take Kyiv before dawn.

Fuel prices raised in Sri Lanka as energy crisis worsens

One of Sri Lanka's biggest fuel suppliers put up its prices by as much as 12 percent on Saturday, as the cash-strapped island's energy crisis worsened.

Los Angeles counts its growing homeless population

Tents, makeshift shelters and dilapidated campervans line the streets of Skid Row as Mike Murase and his team tally the exploding population of homeless people in Los Angeles.

Cuban tobacco yield up in smoke amid fertilizer shortages

Yurisniel Cabrera, 35, is a fourth-generation tobacco farmer, eking out a meager living from the leaves used to make Cuba's fabled cigars.

Facebook says penalized by Russia after refusing to halt fact-checkers

Facebook's parent company Meta said Friday that Russia will hit its services with restrictions after the social media giant defied authorities' order to stop fact-checkers and content warning labels on its platforms.

Ukraine resists Russian troops in Kyiv as Zelensky vows to stay

Ukrainian forces fought off Russian troops in the capital Kyiv on Friday as President Volodymyr Zelensky defied calls by his Russian counterpart Vladimir Putin for him to be overthrown.

US incomes edge up as inflation accelerates in January: govt

Americans saw their incomes climb slightly in the first month of 2022, but the gain was overtaken by rising prices, which increased at their fastest rate in 40 years, according to government data released Friday.

Mexico's avocado heartland held hostage by drug violence

As Super Bowl fans devoured tons of guacamole in the United States, soldiers in the world's biggest avocado-producing region in Mexico were deactivating makeshift landmines left by warring drug traffickers.

Man Utd end Aeroflot sponsorship deal after Ukraine invasion

Manchester United said Friday they had ended their sponsorship deal with Russia's flagship airline Aeroflot after President Vladimir Putin's invasion of Ukraine.

US pharma groups advance $25 bn opioid settlement

Johnson & Johnson and three large drug distributors said Friday that opioid settlements worth nearly $25 billion had garnered enough support from opposing litigants to be finalized in court.

Not so SWIFT: EU energy concerns spark Russia sanctions rift

The West has agreed an onslaught of sanctions over Russia's invasion of Ukraine, but resistance from key EU nations fearful of severing their power sources has resulted in them holding off on banishing Moscow from the SWIFT banking transfer system.

Stocks rebound as traders weigh Russia sanctions; oil slips

Global stocks rebounded slightly Friday on bargain hunting, one day after slumping as Russia invaded Ukraine, while oil declined from 2014 peaks.

Chinese anti-graft body criticises banks for 'extravagance'

Beijing's anti-graft body has criticised more than 20 state banks, regulators, insurers and bad-debt managers following an investigation into corruption and financial risks, citing "many outstanding problems" in their work.

Markets track Wall St rally as traders weigh Russia sanctions

Equities bounced back Friday from the previous day's rout with investors taking their lead from a rally on Wall Street after Washington decided against imposing the stiffest sanctions on Russia over its invasion of Ukraine.

Plastic treaty would be historic for planet: UNEP chief

The world has a rare opportunity to clean up the planet for future generations by uniting behind an ambitious treaty to tackle plastic trash, the UN environment chief told AFP.

'I lost my youth': Women jailed for miscarriages in El Salvador

Kenia was 17 when, she says, she had a miscarriage after a fall and was sent to jail on suspicion of having had an abortion in El Salvador.

Eagerly awaited 'Elden Ring' game lands at downcast time

Hotly anticipated gaming title "Elden Ring" debuts Friday, promising an intricate world crafted in collaboration with the author of "Game of Thrones," and offering high-level escapism for a crisis-hit world.

Australia slams China 'lifeline' to Russia

Australia on Friday pilloried China's failure to denounce the Russian invasion of Ukraine, as well as Beijing's "unacceptable" decision to ease restrictions on a key Russian export in the face of Western sanctions.

Asian markets track Wall St rally as traders weigh Russia sanctions

Prosthetics craftsmen hope to 'repair humans' in ailing Venezuela

"I used to repair car tires. Now I repair humans," boasts Jose Bastidas, an amputee who left his auto repair job to make artificial limbs in Venezuela, where the health system has all but collapsed.

European stocks plunge, oil tops $100 as Russia invades Ukraine

Russia's invasion of Ukraine sent oil prices above $100 a barrel and pummeled European equities on Thursday, while Wall Street stocks finished solidly higher after rebounding during the session.

Elon Musk probed in US over stock trades: report

US market regulators are probing whether Tesla boss Elon Musk and his brother violated insider trading rules in connection with whopping share sales last year, the Wall Street Journal reported Thursday.

SWIFT, the global finance arm that the West can twist

An exclusion from SWIFT, a very discreet but important cog in the machinery of international finance, is one of the most disruptive of the possible sanctions that the West could deploy against Russia for its invasion of Ukraine.

World stocks plunge, oil tops $100 as Russia invades Ukraine

Global equities tumbled on Thursday and oil prices breached $100 for the first time in more than seven years after key crude producer Russia launched an invasion of Ukraine, accelerating fears of a major war in eastern Europe.

World stocks plunge, oil tops $105 as Russia invades Ukraine

Oil surged past $105 per barrel and equities tumbled Thursday after key crude producer Russia sent forces into Ukraine, accelerating fears of a major war in eastern Europe.

American Marconi Wireless News - Economy (English)