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Oil spikes as Russia cuts output after Western price cap
Oil soared Friday after Russia slashed its crude output in response to a Western price cap that was imposed on exports after Moscow's invasion of Ukraine.
No deal as IMF leaves crisis-hit Pakistan
An IMF team left Pakistan on Friday after crisis talks with the government failed to deliver a deal on financial aid that would help the South Asian country avert economic collapse.
Yen strengthens on reports Ueda picked as Bank of Japan chief
Japan's government plans to nominate economics professor Kazuo Ueda as Bank of Japan governor, reports said Friday, an unexpected pick that sent the yen rallying against the dollar.
UK avoids recession but 'not out of woods' over inflation
Britain's economy avoided recession after flatlining in the last three months of 2022, but finance minister Jeremy Hunt warned Friday it was "not out of the woods yet" over surging inflation.
UK skirts recession with zero fourth-quarter growth
Britain's economy avoided recession after flatlining in the last three months of 2022, but finance minister Jeremy Hunt warned Friday it was "not out of the woods yet" over surging inflation.
Swedish home helps seniors spice up their sex lives
"It's a good book!" 97-year-old Nils exclaims, skimming through a brochure on sexual relations and desires among seniors, in the common room at his retirement home in Sweden.
EU prepares response to new US green subsidy plan
Confronted by competition from Washington's vast green tech investment plan, European leaders opened the way Friday towards a relaxation of their own restrictions on state aid.
Asian markets follow Wall St down as rate hike fears persist
Asian markets tracked another loss in New York on Friday as interest rate hike fears course through trading floors after last week's blockbuster jobs report.
Meta completes virtual reality deal after US court win
Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns.
Layoffs strip away tech worker visas along with jobs
Laid off US tech workers from abroad on employment-based visas are scrambling to find new jobs to avoid being forced to uproot their lives and leave the country.
L'Oreal confident as posts double-digit gains for 2022
Cosmetics giant L'Oreal posted double-digit growth in sales and profits in 2022 to record levels despite inflation and Covid lockdowns in China and expressed confidence for the year ahead thanks to a return by Chinese consumers.
Credit Suisse shares sink after biggest loss since 2008 financial crisis
Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted its biggest annual loss since the 2008 financial crisis -- and warned it expects to stay in the red in 2023.
World Bank revamp to start by April on push to broaden mission: Yellen
The first stages of a World Bank revamp are set to begin by April, amid a push for lenders to evolve and meet global challenges like climate change, US Treasury Secretary Janet Yellen said Thursday.
Tourism collapses in Russia following Western sanctions
The number of foreign tourists visiting Russia collapsed last year due to the impact of Western sanctions imposed on the country following its military operation in Ukraine and strict Covid restrictions in China, industry professionals said Thursday.
Legendary songwriter Burt Bacharach dead at 94
Legendary American pop composer Burt Bacharach, whose prolific output provided a chart-topping playlist for the 1960s and 70s with hits like "I Say a Little Prayer," has died in Los Angeles aged 94, US media said Thursday.
Church of England backs blessings for same-sex couples
The Church of England's governing body on Thursday endorsed plans to let priests offer blessings to same-sex couples, after hours of acrimonious debate highlighted deep Anglican divisions on the issue.
Milan's La Scala launches TV channel
Milan's 245-year-old La Scala entered the digital age Thursday, launching its own TV channel that will broadcast live operas, ballets and concerts, and allow people to re-watch shows from their sofa.
Adani's links to foreign firms
The troubled business empire of Indian tycoon Gautam Adani has links to foreign firms in a broad range of sectors including banking, energy and food.
In northern Nigeria, fuel, cash crisis taints election campaign
It was just after dawn and tempers were fraying outside the First Bank in the northern Nigerian town of Kano, where scores of customers jostled to get on a waiting list to withdraw money.
Nissan keeps annual profit forecasts, cuts unit sales target
Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other Covid disruptions would hit sales volumes but that it would fight back through "strict financial discipline".
Unilever enjoys strong 2022 on higher prices
British consumer goods group Unilever said Thursday that 2022 profits soared as sales of its food and hygiene products leapt on higher prices fuelled by inflationary pressures.
Credit Suisse posts biggest loss since 2008 financial crisis
Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023.
Cuban worker exodus a 'catastrophe' for island's businesses
Like other businesses across Cuba, Nel Paradiso is grappling with a worker shortage amid unprecedented levels of people fleeing the island nation.
Toyota keeps profit forecasts despite supply chain headwinds
Japan's Toyota left its annual forecasts unchanged on Thursday despite ongoing disruption from the global chip shortage, as the cheaper yen offsets the impact of soaring materials prices.
MSCI review puts India's Adani shares back in the red
Global stock index compiler MSCI said it was reviewing the status of equities in India's Adani Group on Thursday, ending a brief rally for the troubled conglomerate, as it fends off allegations of market manipulation.
Toyota third-quarter net profit drops but keeps full-year forecasts
Japan's Toyota said Thursday its net profit for the third quarter fell eight percent, but it left its full-year forecasts unchanged as the cheaper yen offsets the impact of soaring materials prices.
'I shouted their names': the hole left by Nigeria's disappeared
It was only when she scrambled to the top of the mountain after fleeing the army attack on her village that Hafsatu Usman realised she had lost three of her children.
Markets fall as Fed warns rates to go higher for longer
Markets mostly fell Thursday on the prospect of US interest rates going higher, and for longer, as officials try to cool the economy and bring decades-high inflation under control.
Twitter service stumbles as paying users get more room
Thousands of Twitter users on Wednesday reported problems using the platform as the Elon Musk-owned social network began letting paying users post tweets as long as 4,000 characters.
'Good policy' for EU to match US green plan with own subsidies: Yellen
US Treasury Secretary Janet Yellen on Wednesday encouraged the idea of green subsidies by the European Union to offset feared harm from a vast US climate plan -- arguing there is enough business for all to benefit from the clean energy transition.
Peru reopens train service to Machu Picchu
Train services to Peru's historic Machu Picchu partially resumed on Wednesday following nearly three weeks of suspension caused by anti-government protests.
Yellen says 'good policy' for EU to match US green plan with own subsidies
US Treasury Secretary Janet Yellen on Wednesday encouraged the idea of green subsidies by the European Union to offset feared harm from a vast US climate plan -- arguing there is enough business for all to benefit from the clean energy transition.
Disney lays off 7,000 as streaming subscribers decline
Entertainment giant Disney said Wednesday it was laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year.
Greek MPs bar jailed neo-Nazi from leading new party in election
Greece's parliament on Wednesday approved a law barring the jailed ex-spokesman of neo-Nazi party Golden Dawn from heading a new nationalist party in upcoming national elections.
White House rejects report that US was behind Nord Stream sabotage
The White House flatly rejected Wednesday a new report by veteran investigative journalist Seymour Hersh that the US was behind the sabotage of the Nord Stream gas pipelines last year.
Two children killed after 'deliberate' bus crash into Quebec day care
Two children were killed when a bus rammed into a day care center near Montreal on Wednesday, with the driver arrested on suspicion of homicide over what police believe was a deliberate act.
UN aviation body sees recovery to pre-pandemic air travel in 2023
Demand for commercial travel is expected to make a full recovery in 2023, with volumes exceeding the 2019 level at the end of the year, a UN aviation body said Wednesday.
Two children killed, driver arrested as bus crashes into Quebec day care
At least two children were killed after a bus crashed into a day care center near Montreal on Wednesday, police said, with the driver arrested for homicide and eyewitnesses suggesting he may have acted deliberately.
Stocks diverge as tech stocks dip
Stock markets wavered on Wednesday, with tech shares falling and investors digesting President Joe Biden's calls for tax hikes and the latest interest rate signals from US Federal Reserve chief Jerome Powell.