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Stock markets rise as inflation eases
Stock markets rose on Friday as data showed inflation easing in the United States and Europe.
US Fed's favored inflation gauge declined sharply in May
The US inflation measure most closely watched by the Federal Reserve declined sharply in May, official figures showed Friday, returning to a downward trend after a jump a month earlier.
IMF and Pakistan reach $3 billion deal
Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has announced in Washington.
European stocks rally on inflation drop
European stock markets closed out the first half of the year with solid gains Friday after eurozone inflation slowed slightly more than expected.
Falling energy prices push eurozone inflation down
Eurozone inflation eased further in June as energy costs slid but those of food and drinks remained elevated as underlying price pressures persist, official data showed Friday.
Staff strike scraps flights at Geneva airport
A strike paralysed flights at Geneva airport for several hours on Friday, causing huge lines at the start of the busy summer travel season.
Pokemon Go firm Niantic slashes staff
The maker of mobile game Pokemon Go has said it will slash 230 jobs, almost one-third of its staff, in another blow to the tech industry.
Strike grounds flights at Geneva airport
A strike paralysed Geneva airport on Friday, grounding flights for two days at Switzerland's second-busiest airport at the start of the busy summer travel season.
Markets rise but rate hike worries temper upbeat US data
Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.
Markets rise but upbeat US data tempered by rate hike worries
Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.
64 flights cancelled at Geneva airport over strike
Some 64 flights were cancelled at Geneva's international airport on Friday, it said, after operations were halted for four hours because of a strike by workers at the start of the busy summer travel season.
IMF and Pakistan reach $3 billion stand-by deal
Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.
Markets swing as US data is tempered by rate hike worries
Asian markets fluctuated Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Federal Reserve to keep hiking to tame inflation.
In San Francisco, African Americans' calls for reparations surge
Lynette Mackey stands in front of her family's former Victorian home in San Francisco's Fillmore district, a onetime vibrant neighborhood that drew touring jazz greats.
Workers approve latest contract at Boeing supplier Spirit
Striking workers at Spirit Aerosystems, a key Boeing supplier, will return to the factory after approving an enhanced four-year labor contract, the union said Thursday.
July 4th weekend celebration to test US travel system
Travel forecasters are predicting record travel for the July 4th weekend, but this year's celebration may also be something of a battle with the elements.
Task force recommends major reparations for Black Californians
California should pay substantial financial reparations to African-Americans to compensate for the legacy of US slavery and systemic racism, a committee report published Thursday said.
Greta Thunberg denounces 'ecocide' in Ukraine
Environmental activist Greta Thunberg on Thursday denounced the ecological havoc caused by Russia's invasion of Ukraine and the lack of international reaction to the disaster.
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.