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Chile's Boric unveils economic recovery plan
Chile's new leftist president, Gabriel Boric, whose election in December was met with market skepticism, announced an economic recovery plan worth $3.7 billion Thursday that envisages the creation of half a million jobs.
US recession fears grow as Fed plots aggressive course
The Federal Reserve has made clear it will come out guns blazing to battle the highest inflation rate in four decades, but that has sparked increasing fears their campaign will plunge the world's largest economy into recession.
IMF, Lebanon strike conditional deal on $3 bn aid
The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis, following months of negotiations.
Walmart hikes starting US trucker pay to as much as $110,000/year
Walmart will lift starting pay for truckers to as much as $110,000 a year in the retail giant's latest move to recruit and retain logistics staff in the tight US labor market.
US ends normal trade ties with Russia over Ukraine invasion
The US Congress voted Thursday to end normal trade relations with Moscow and codify the ban on Russian oil, as the White House ratchets up pressure on President Vladimir Putin over his invasion of Ukraine.
Maradona's daughter claims wrong jersey is up for auction
Diego Maradona's eldest daughter claims that the Argentina shirt being auctioned is not the one her late father wore when he scored the infamous "Hand of God" goal against England.
IMF reaches agreement on $3 bn deal for Lebanon
The IMF announced Thursday that after months of negotiations it reached a staff-level agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis.
Stocks wilt as investors brace for US Fed tightening
US and European stocks retreated Thursday after minutes from central banks showed US policymakers ready to aggressively wind back easy-money policies while their eurozone counterparts disagreed over their own way forward.
ECB members divided over inflation response: minutes
European Central Bank policymakers disagreed last month on how to respond to runaway inflation and economic uncertainty caused by the Ukraine war, minutes from their meeting showed on Thursday.
Sri Lanka asks experts to plan debt restructure as protests rage
Sri Lanka's president has appointed a panel of experts to organise a restructuring of foreign debt as he seeks a way out of a worsening economic crisis, with protests demanding his resignation escalating.
Greece to double coal output to reduce Russian gas use
Greece's government said Thursday it plans to double production of lignite, or brown coal, in the coming two years despite the pollution it causes as Athens aims to reduce its dependence upon Russian gas.
Rodin 'Thinker' auction expected to reach up to 14 mn euros
A cast of "The Thinker" by Auguste Rodin will be auctioned in Paris on June 30, expected to reach between 9 and 14 million euros ($10-$15 million), Christie's said Thursday.
Eurozone stocks climb but London slips
Eurozone stocks rose Thursday but London drooped as investors digested news that the Federal Reserve held off from a bigger interest rate hike last month owing to Ukraine turmoil, dealers said.
Pakistan rupee nosedives against dollar as political crisis rocks confidence
The Pakistan rupee dropped to a historic low of 191 rupees to the dollar Thursday as an ongoing political crisis rocked confidence in the currency.
Energy giant Shell hikes Russian exit hit to $5 bn
Shell on Thursday warned that its exit from Russia over the Ukraine war would cost the British energy giant up to $5 billion, but it would fulfil pre-conflict contracts to buy fuel from Moscow.
Asian markets track Wall St down with Fed set to tighten screws
Asian equity markets fell Thursday after minutes from the Federal Reserve's latest policy meeting indicated it is preparing to aggressively wind back its monetary policy, while oil prices rebounded from another big drop.
Shell to take hit of up to $5 bn on Russia exit
British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow's invasion of Ukraine.
Hong Kong leader defends Covid flight ban policy
Hong Kong's leader on Thursday defended her policy of temporarily banning flight routes that bring in coronavirus cases, as a leading airline industry figure warned the city had fallen "off the map" as an aviation hub.
The race to dominate satellite internet heats up
Though satellite internet has existed for years, the competition is about to rapidly intensify, with companies planning to launch thousands of their own systems into low Earth orbit.
Samsung forecasts Q1 operating profit up 50.3% year-on-year
Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.
'Amazon, here we come': Biden cheers US union drive
President Joe Biden sang praises for organized labor once again Wednesday, hailing last week's triumph by union backers at Amazon as a sign of what is possible throughout the United States.
Many US Fed officials support future half-point increase: minutes
At their March policy meeting, several US Federal Reserve officials supported raising interest rates by half a percentage point in the future to combat inflation, minutes released Wednesday said.
US slaps sanctions on Putin's daughters, Russia's biggest banks
The White House announced sanctions Wednesday targeting Russia's top public and private banks and two daughters of Vladimir Putin, adding pressure on the country's economy and its elite over the invasion of Ukraine.
Greeks demonstrate over soaring prices
Thousands of Greeks demonstrated in Athens against soaring prices Wednesday as a general strike shut down public services.
JetBlue seeks to buy Spirit Airlines, threatening Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.
Easier for Europe to give up Russian coal than gas
The EU is preparing to hit Russian coal with sanctions.
Good times: Luxury watchmakers face soaring demand
Times have been so good for luxury watchmakers that they are running behind demand, forcing some to delay the release of new collections and others to invest more in production capacity.
Maradona's 1986 World Cup 'hand of God' jersey to be auctioned
The jersey worn by Diego Maradona when he scored twice against England in the 1986 World Cup, including the infamous "hand of God" goal, is to be auctioned off later this month, Sotheby's announced Wednesday.
Singer Ed Sheeran wins 'Shape of You' copyright dispute
British singer-songwriter Ed Sheeran on Wednesday won his copyright trial at London's High Court after a judge ruled that his hit song "Shape of You" did not lift musical phrases from another track.
Asian, European markets track Wall St retreat on hawkish Fed bets
Equities sank Wednesday after Wall Street tumbled on bets the Federal Reserve will act more aggressively to bring inflation under control, while oil recovered some losses caused by the European Union's decision not to ban Russian crude.
Is Picasso being cancelled?
Pablo Picasso's track-record with women certainly would not make him a feminist pin-up today.
US, UK, Australia vow to cooperate on hypersonic weapons
The United States, Britain and Australia said Tuesday they would begin collaborating on hypersonic missile strike and defence capacity, as rivals Russia and China advance rapidly in the cutting-edge technology.
Russian cinema in turmoil as Hollywood pulls out
After years spent translating Hollywood films, Russian Mila Grekova was suddenly thrown out of work after Moscow's military intervention in Ukraine.
Twitter moves to limit reach of Russian govt accounts
Twitter announced Tuesday it was introducing new measures against Russian government accounts to reduce the impact of official propaganda on the social network.
Twitter to test longed-for edit button
Twitter announced Tuesday it will soon start testing an edit button at its monthly subscription service.
JetBlue seeks to buy Spirit Airways, threatening Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.
Fed prepared to take 'stronger action' to fight inflation: Brainard
Reducing high inflation is of "paramount importance" for the US central bank and policymakers are prepared to act more aggressively if needed, Federal Reserve Governor Lael Brainard said Tuesday.
Salmonella, a leading cause of foodborne outbreaks
Salmonella, fears over which sparked a cautionary recall of Kinder chocolate eggs in several European countries on Tuesday, is one of the most common causes of food-borne outbreaks.
Twitter names Elon Musk to board, further lifting shares
Twitter announced Tuesday that Elon Musk will join its board, one day after the Tesla CEO disclosed a large stake that made him the social media company's largest shareholder.