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Stocks diverge as US economy shows resilience
Stocks diverged Thursday as investors weighed strong US economic data against renewed central bank warnings that interest rates would rise further to tame inflation.
Better supervision needed after bank failures: US Fed chair
US Federal Reserve Chair Jerome Powell said Thursday that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year.
Stock markets diverge as dealers refocus on rates outlook
Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation offset hopes the US economy could avoid a recession.
Three French airports paralysed as air controllers strike
France's civil air authority said Thursday it had ordered airlines to cancel flights to and from three airports because of a strike by air traffic controllers.
Hurt felines: Japanese app aims to detect cat pain
Cats are considered lucky in Japan, and owners of the popular pets spend big on their care. But how do you know when they're feline down?
Sri Lanka unveils debt restructure to tackle economic crisis
Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.
Markets mixed as traders weigh rate plans, yen softens
Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation played up against hopes the US economy could avoid a recession.
Crippled exports slow Vietnam's growth
Vietnam's economic growth slowed in the first half of the year as a slump in demand hit exports, authorities said Thursday.
EU presses Tunisia in bid to stem Med migrant flow
EU leaders meeting in Brussels on Thursday are to look at ways to press aid on Tunisia in a bid to stem migrant boat departures for Europe.
Sri Lanka offers 30% haircut to bond holders: central bank
Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds.
Gulf oil states on a Pacific charm offensive
Gulf oil states are using their vast wealth to build influence across the far-flung South Pacific, experts have told AFP, tearing a page straight out of China's Belt and Road playbook.
Most markets rise as traders weigh central bank rate plans
Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation.
Hollywood braced for 'double strike' as actors' deadline looms
Hollywood's summer of discontent could dramatically escalate this weekend, with actors ready to join writers in a massive "double strike" that would bring nearly all US film and television productions to a halt.
'Godfather of AI' urges governments to stop machine takeover
Geoffrey Hinton, one of the so-called godfathers of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do not take control of society.
Nigerians mark Eid festivities navigating economic woes
Nigerians marked the Muslim festival of Eid al-Adha on Wednesday with prayers, celebrations and family dinners as many navigated high inflation, a steep currency devaluation and growing transport costs.
Diageo ditches Diddy over brand neglect and racism claim
Drinks giant Diageo on Wednesday said it had ended its relationship with Sean "Diddy" Combs after the US rapper accused it of neglecting their business agreement and racism.
Govt mulls rescue of UK's biggest water supplier
The UK government on Wednesday expressed serious concern about the financial plight of the country's biggest privatised water company, but insisted the taps would keep flowing for millions of consumers.
Stocks diverge as US rally loses steam
Stock markets diverged Wednesday as a rally fuelled by upbeat US economic data ran out of steam.
EU moves closer to launching digital euro
The EU on Wednesday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.
Stocks rally on upbeat US data
Equity markets rallied and the dollar firmed Wednesday after data showed the US economy was resilient in the face of rising interest rates aimed at cooling elevated inflation.
Markets rise as upbeat US data plays against rates outlook
Equity markets rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.
Markets mostly rise as upbeat US data plays against rates outlook
Equity markets mostly rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.
Lucky to come home: Growing up trans in Brazil can be deadly
Wearing a pink dress that matches the bow in her hair, eight-year-old Agatha flashes a smile that belies all she has been through as a trans child growing up in Brazil.
Markets mixed as upbeat US data plays against rates outlook
Asian markets were mixed Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.
At Toronto tech show, second thoughts emerge over AI
Months after the spectacular launch of ChatGPT, the AI revolution is well underway but hints of caution are emerging, especially over letting one or two companies reign supreme.
UBS to cut 35,000 jobs after Credit Suisse rescue: report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
Biden unveils election battle plan: 'Bidenomics'
President Joe Biden is making a big bet on the US economy powering him to re-election next year with the unveiling of a "Bidenomics" pitch to voters this week.
ECB recommends £500,000 fine for Yorkshire after cricket racism scandal
England cricket chiefs have recommended that Yorkshire be fined £500,000 ($638,000) and given hefty points deductions over their handling of the Azeem Rafiq racism scandal.
Stocks push higher as investors track China, US data
Global stocks advanced on Tuesday as China's growth reassurances and solid economic data in the United States helped reduce recession worries.
US new home sales jump unexpectedly to highest rate in over a year
New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.
French newspaper 'stunned' as far-right editor named
One of France's biggest newspapers is in turmoil after the shock appointment of a far-right editor whose rise to prominence underlines the rightwards shift of the country's media and politics.
US new home sales post surprise jump in May
New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.
Ugandans sue TotalEnergies for reparations in France
Twenty-six Ugandans on Tuesday sued French oil giant TotalEnergies in Paris for reparations over alleged human rights violations at its massive megaprojects in the country, as climate protesters targeted its UK headquarters.
Stocks tread water as investors track China, Russia news
European and US stocks held relatively steady on Tuesday as China's growth reassurances helped to offset political turmoil in Russia.
England's Stokes 'sorry' after cricket report exposes racism and sexism
England captain Ben Stokes said Tuesday he is "deeply sorry" to learn of the scale of discrimination in the sport after a damning report revealed "widespread" racism, sexism and classism in the game.
Stocks mostly higher as investors track China, Russia news
Major stock markets mostly rose Tuesday after recent losses, as China's growth reassurances helped to offset political turmoil in Russia.
Most markets rise but wary eyes on Fed, Russia
Markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation.
Will AI really destroy humanity?
The warnings are coming from all angles: artificial intelligence poses an existential risk to humanity and must be shackled before it is too late.
China calls West's economic de-risking a 'false proposition'
Chinese Premier Li Qiang slammed efforts in the West to "de-risk" their economies as a "false proposition" on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.