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US consumer inflation still elevated but Fed under stress
US consumer inflation edged down in February but remains elevated, according to government data released Tuesday, adding pressure to the Federal Reserve as it balances its inflation fight with financial stability concerns.
US banking crisis dogs markets
Stock markets sank further in Asia and faltered in Europe on Tuesday, with banks sliding again on contagion fear after the collapse of two regional US lenders.
Art auctions hit record in 2022 despite economic gloom
More than a million artworks were put up for auction for the first time in 2022 despite a gloomy global economy, according to a report released on Tuesday.
Embattled Credit Suisse admits 'material weaknesses'
Credit Suisse acknowledged Tuesday "material weaknesses" in its internal controls as the scandal-hit Swiss bank released its annual report, which was delayed following queries from US regulators regarding its books.
SVB collapse causes headaches for US Fed before rate decision
The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.
Steam cuisine: cooking in Japan's hot springs
Using geothermal resources to generate electricity is a divisive prospect in Japan, but there is little disagreement about another use for it: natural steam for cooking.
Sky-high UK childcare costs hit women's careers
Increased childcare funding is expected to feature in the UK government's budget this week, in a bid to ease pressure on families and particularly women.
Asian markets sink as SVB contagion fears hit banking sector
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
Regret and blame in Silicon Valley after bank run
The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so suddenly, shunned by the companies that used it most.
California court upholds Uber drivers being contractors
A California appeals court on Monday upheld a state law letting Uber, Lyft and other app-based, on-demand companies treat drivers as independent contractors rather than employees.
China lifts sweeping visa curbs on foreigners
China will once again start issuing a range of visas to foreigners as of Wednesday, the country's embassy in Washington said, a major easing of travel restrictions in force since the outbreak of the Covid-19 pandemic.
Customers calm at under-pressure US banks
Customers of under-pressure US banks said Monday they were reassured after authorities stepped in to protect deposits, even as markets fretted about systemic contagion.
Biden reassures Wall Street but Europe slumps on bank worries
Wall Street stocks rose on Monday after US President Joe Biden sought to reassure that the US banking system is sound following the collapse of two lenders, but European stocks plunged.
Biden reassures Wall Street but European stocks slump
Wall Street stocks rose on Monday after US President Joe Biden sought to reassure that the US banking system is sound following the collapse of two lenders, but European stocks plunged.
Biden says US banking system 'safe' despite contagion fears
President Joe Biden sought to reassure Americans over the country's banking system Monday as more US banks came under stress and European stocks tumbled on contagion worries.
Porsche backs synthetic option in EU fossil fuels row
The CEO of German auto giant Volkswagen and its luxury subsidiary Porsche on Monday backed moves by Berlin to block a European ban on new combustion engines from 2035.
Pfizer buys biotech firm Seagen for $43 billion
US pharmaceutical giant Pfizer announced Monday that it had reached a deal to buy biotech firm Seagen, specializing in innovative cancer treatment, for $43 billion.
Biden to speak on SVB collapse, reassure world on US banking resilience
President Joe Biden was set to try and reassure the world of the resilience of the US banking system Monday, as US and European authorities scrambled to prevent any contagion from the abrupt failure of Silicon Valley Bank.
Kyiv condemns 'kidnappings' as Russians foster Ukrainian kids
At their home in the middle of Siberia, Russian pastor Roman Vinogradov and his wife Yekaterina are the new foster parents of five children from Moscow-occupied eastern Ukraine.
UN, Russia in Ukraine grain deal talks
The United Nations and Russia began talks Monday on renewing the Ukraine grain export deal, which has helped ease the global food crisis triggered by Moscow's invasion of its neighbour.
UAE's ADNOC Gas shares surge 19% in $2.5bn IPO
Shares in the United Arab Emirates' ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel.
Bank jitters fuel uncertainty as ECB eyes next rate hike
The European Central Bank is poised to raise interest rates again on Thursday to tackle inflation, but the sudden collapse of a US lender has fuelled concern about the health of the banking system as borrowing costs climb higher.
European equities dive on fears of US banking crisis
European stocks tanked Monday as investors shrugged off global efforts to stem a fast-moving crisis emanating from the US banking sector.
BBC reaches deal with Gary Lineker after Twitter row
Gary Lineker will return as presenter of flagship BBC football show Match of the Day, the broadcaster said Monday, ending a crisis sparked by his criticism of the UK government's new asylum policy.
Thousands of hospital doctors walk out in latest UK strike
UK hospital doctors on Monday began a three-day strike over pay at the start of a week that will also see teachers, train staff and civil servants walk out, in the latest wave of industrial action.
Hundreds of migrants attempt to storm the US-Mexico border
Hundreds of people tried to storm the US-Mexico border on Sunday, after a rumor that migrants would be allowed to cross into the United States.
HSBC buys failed US bank SVB's UK arm for £1
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday.
Markets mixed as traders weigh US support after SVB collapse
Equity markets were mixed Monday as US pledges to backstop troubled lenders helped soothe concerns about the US financial sector following the closure of two banks over the weekend.
Dutch farmer party hopes to reap election gains
At "Piggy's Palace", his farm in the Dutch countryside, Erik Stegink watches his pigs cavort in the mud and fight over chunks of broccoli, lines of worry etched on his face.
UAE's ADNOC Gas shares surge 25% in $2.5bn IPO
Shares in the United Arab Emirates' ADNOC Gas soared 25 percent in opening trade on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel.
UAE's ADNOC Gas to start trading in $2.5bn IPO
UAE state energy company ADNOC's recently formed gas unit will launch on the Abu Dhabi stock market on Monday in a $2.5 billion initial public offering aimed at tapping high demand for the fuel.
Most Asian markets sink after US lender's collapse
Most Asian markets fell Monday as the closure of two regional US banks sparked fears of contagion in the financial sector, even as officials promised to support customers.
ECB seen hiking rates again, but for how much longer?
The European Central Bank is all but certain to raise interest rates again on Thursday, shifting analysts' attention to how much higher policymakers plan to go in the months ahead to tame inflation.
US regulators rush to contain SVB fallout, as a second bank fails
US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs, as they announced a second tech-friendly bank had been closed by regulators.
Saudi unveils new airline to compete with Gulf rivals
Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
British tech sector 'at serious risk' after SVB collapse: govt
Britain's technology and life sciences sectors are at "serious risk" following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday.
German Catholics challenge Vatican with sweeping reform drive
Germany's Catholic Church has ended a landmark renewal project by agreeing a slew of reforms including blessing same-sex marriages and allowing female deacons, at the risk of angering the Vatican.
Saudi Aramco reports 'record' $161 billion profit for 2022
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
Saudi Aramco reports 46% jump in profits for 2022
Saudi Aramco reported on Sunday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.