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Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

EU moves closer to kicking kids off social media

Restrictions on children's use of social media in the European Union could come as early as this summer, as a long-awaited expert report next week is expected to recommend limiting minors' access to online platforms.

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Overmars quits Ajax over 'inappropriate' messages to female colleagues

Former Dutch international Marc Overmars resigned as sporting director of Ajax after admitting sending a "series of inappropriate messages" to female colleagues, the club announced.

Commodities drive Indonesia economic recovery in 2021

Indonesia's economy returned to growth last year as surging commodity prices helped drive a recovery from a coronavirus-triggered recession, data showed Monday, though officials warned the outlook depended on how well the fast-spreading Omicron variant is managed.

Toshiba unveils new plan to split into two companies

Japan's Toshiba on Monday announced plans to split into two companies, revising proposals to divide into three following a tumultuous period for the storied industrial conglomerate.

Asian markets mixed as US jobs data ramps up rate-hike bets

Asian markets fluctuated in early trade on Monday as a forecast-busting US jobs report reinforced optimism that the world's top economy was well on the recovery track but also ramped up interest rate hike expectations.

Cuba marks six decades under US sanctions

Cuba on Monday marks 60 years under a US economic blockade that has deeply affected the communist nation's fortunes and shows no signs of being lifted.

In-person Berlin film fest stands up to pandemic, streaming

The 72nd Berlin film festival opens Thursday, bucking a trend of pandemic on-the-couch streaming with a packed programme of live premieres featuring a stable of European screen legends.

Lata Mangeshkar 'Nightingale of India' dies aged 92

Bollywood superstar Lata Mangeshkar, known to millions as the "Nightingale of India" and a regular fixture of the country's airwaves for decades, died Sunday morning at the age of 92.

Wind powers change in England's industrial heartland

On the banks of the River Humber in northern England, the winds of change are blowing through Hull, where factory workers busily craft turbine blades in a green revolution.

Morocco boy found dead in tragic end to well ordeal

Moroccan emergency crews found a five-year-old boy dead at the bottom of a well late Saturday in a tragic end to a painstaking five-day rescue operation that gripped the nation and beyond.

Morocco bid to free boy from well reaches agonising final stretch

Morocco held its breath Saturday as rescue teams drew near a five-year-old boy trapped down a well for days, moving at a snail's pace for fear of triggering a landslip, AFP correspondents reported.

Ford curbs N.American production as chip shortage hits: media

Major automaker Ford will cut its North American vehicle production next week due to a semiconductor shortage, US media reported Saturday.

Metres to go in effort to free Moroccan boy from well

Moroccan rescuers were only metres away Saturday in their nerve-wracking but increasingly urgent effort to rescue Rayan, a five-year-old boy trapped underground whom they hope to find alive.

Austria Covid-19 'gargle' tests in expansion drive

Throughout the day, vans loaded with bags full of Covid PCR test kits arrive at a Vienna laboratory, currently analysing an average of 370,000 tests per day.

Oil prices extend gains as markets weigh strong US jobs data

Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tightening monetary policy, while oil prices pushed closer to $100 a barrel.

Meta adds 'personal boundary' tool after virtual world harassment

Facebook parent Meta began rolling out Friday a minimum distance between users' avatars in its virtual reality Horizon network after reports of harassment, one of the thorny issues for its metaverse vision.

Morocco bid to free boy from well reaches nerve-wracking final stages

Moroccan rescuers were in the nerve-wracking final stages Friday of a marathon effort to rescue Rayan, a five-year-old boy trapped down a well for a fourth night.

US lawmakers advance China competition bill

US lawmakers voted Friday to greenlight a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China's growing influence and easing a global shortage of computer chips.

Oil prices, US jobs data weigh on stocks

A surge in oil prices to close to $93 per barrel as well as robust US jobs data weighed on stock prices Friday as they fuelled expectations central banks will move forcefully to raise interest rates.

US saw surprisingly robust hiring in January despite Covid surge

The US economy brushed off a spike in Covid-19 infections to add 467,000 jobs in January, far better than expected and a potential sign that the pandemic's days of disrupting businesses are numbered.

EU, US thaw trade tensions further with mollusc sales

The European Union and the United States signalled Friday a further thawing of trade tension as they agreed to resume trade in mussels, clams, oysters and scallops after a decade-long halt.

Blinken to Australia next week for Quad group meeting

US Secretary of State Antony Blinken travels to Australia next week for a Quad group ministerial meeting also involving his counterparts from India and Japan to discuss maritime security and cooperation against Covid, the State Department said Friday.

Mosque-goers pray for rain in drought-scorched Morocco

Mosques held prayers for rain on Friday across the parched North African kingdom of Morocco where farmers are battling an acute drought.

NATO chief Stoltenberg to head Norway central bank

NATO chief Jens Stoltenberg will take over as Norway's central bank governor at the end of the year, officials said Friday, a controversial choice that has already raised concerns about the bank's independence.

Can Hermes and Nike stop 'unauthorised' NFTs?

As digital objects in the form of NFTs have exploded in popularity and value over the past year, so too have the legal headaches and complications.

Morocco rescuers close in on boy trapped in well

Moroccans waited anxiously Friday as rescuers with heavy diggers closed in on Rayan, a five-year-old boy trapped in a deep well for three nights.

Sri Lanka calls for diaspora investment on independence day

Sri Lanka marked its independence day on Friday with an appeal to its diaspora to send money home to overcome the island's worsening economic crisis and a pledge to protect foreign investments.

Asian markets up as Hong Kong returns with rally, eyes on US jobs

Asian markets rose Friday as a surge in Hong Kong on its first day back from a break helped overcome a sharp drop on Wall Street, though a surprisingly hawkish tilt from the European Central Bank added fuel to fears about the removal of pandemic-era stimulus.

Rotterdam says no decision on dismantling bridge for Bezos superyacht

The Dutch port city of Rotterdam has not received a request for a permit to temporarily dismantle an historic bridge to allow a superyacht built for Amazon founder Jeff Bezos to pass, local media reported Thursday.

Asian markets mostly rise as Hong Kong reopens, eyes on US jobs

Asian markets mostly rose Friday as a rally in Hong Kong on its first day back from a break helped overcome a sharp drop on Wall Street, though a surprisingly hawkish tilt from the European Central Bank added fuel to fears about the removal of pandemic-era stimulus.

Morocco rescuers dig for boy trapped in well

Moroccans waited anxiously Thursday as authorities said a dramatic operation to rescue a young boy trapped in a deep well for over two days was nearing its end.

Ford Q4 profits hit by supply chain woes

Ford reported weaker-than-expected fourth-quarter profits Thursday amid supply chain problems, even as higher car prices boosted results in North America.

Amazon holiday quarter profit doubles

Amazon on Thursday reported its profit doubled to $14 billion in the recently ended quarter, giving a boost to jittery markets that expected less due to higher labor, sourcing and delivery costs.

American Marconi Wireless News - Economy (English)