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Musk and Zuckerberg call out each other for cage fight
Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.
European stock markets retreat as central banks hike rates
European stock markets retreated Thursday as traders track more rate hikes from central banks aimed at cooling elevated inflation.
Markets track US losses with rates seen rising further
Markets in Asia and Europe fell on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.
IMF, World Bank under pressure to boost climate change financing
International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change.
EU 'enforcer' visits Twitter, Meta as new rules loom
The EU commissioner in charge of enforcing Europe's new landmark rules on online content is heading to San Francisco on Thursday to ensure that the big platforms are ready.
Bank of England to hike again over stubborn inflation
The Bank of England is forecast Thursday to lift interest rates for the 13th time in a row -- and may hike sharply to fight stubborn inflation despite worsening a cost-of-living crisis.
Asian markets track US losses with rates seen rising further
Markets fell in Asia on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.
Turkey set to pivot to orthodoxy with rate hike
Turkey was widely expected Thursday to pivot away from years of unconventional economics promoted by President Recep Tayyip Erdogan and dramatically raise interest rates to fight inflation and steady the troubled lira.
Paris climate summit seeks global finance reform
Dozens of global leaders will gather in Paris Thursday for a summit to tease out a new consensus on international economic reforms to help debt-burdened developing countries face a growing onslaught of challenges, particularly climate change.
Brazil holds key interest rate, no signal on easing
Brazil's central bank held its key interest rate unchanged a seventh straight time Wednesday and gave no sign it was prepared to start lowering it soon, despite pressure from President Luiz Inacio Lula da Silva.
Stocks dip as Fed Chair Powell warns of more 'moderate' rate hikes
Wall Street stocks fell after US Federal Reserve chief Jerome Powell warned Wednesday of further interest rate hikes, while European markets slid after a stubbornly high inflation reading in Britain.
Paris Olympic budget issues could force cuts, says government report
The 2024 Paris Olympics are coming in significantly over budget because of an "incomprehensible lack of understanding of the complexity of the IOC's specifications", France's Court of Audit has found.
Fed chief says more rate hikes likely but at slower pace
The US Federal Reserve expects to keep raising interest rates but at a slower pace, Fed chair Jerome Powell told a congressional hearing Wednesday.
Welly boot maker Hunter whacked by weather
Their popularity soared when the supermodel Kate Moss wore them in the mud at the Glastonbury music festival, which started on Wednesday in southwest England.
Stocks dip as Powell warns of more 'moderate' rate hikes
Wall Street stocks mostly fell after US Federal Reserve chief Jerome Powell warned Wednesday of further interest rate hikes, while European markets slid after a stubbornly high inflation reading in Britain.
Drones steal the spotlight at Paris Air Show
Drones of all shapes and sizes designed to carry more and more weapons or directly deliver explosives are everywhere at the Paris Air Show, matching the scale of their deployment on Ukrainian battlefields.
US agency sues Amazon for tricking customers into subscription service
Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday.
Fed Chair: may make sense to raise rates but at 'more moderate pace'
The US Federal Reserve expects to continue raising interest rates but to slow down the pace of hikes, Fed chair Jerome Powell told a Congressional hearing Wednesday.
Stocks dip as Powell warns of more rate hikes
Stock markets fell Wednesday as investors fretted about stubbornly high inflation in Britain and warnings from US Federal Reserve chief Jerome Powell that further interest rate hikes were likely.
Top French court drops rape case against filmmaker Luc Besson
France's top appeals court on Wednesday rejected a request to reopen a rape claim against film director Luc Besson, ending one of the most high-profile cases to emerge in the country's MeToo movement against sexual assault.
Influencer Andrew Tate fights Romania house arrest
Influencer Andrew Tate and his brother appeared in court in Romania Wednesday, their lawyers arguing that the pair, indicted on human trafficking charges, should no longer be under house arrest.
Stock markets dip as UK inflation stays high
Stock markets fell Wednesday as investors fretted about stubbornly high inflation in Britain and braced for fresh interest-rate signals from US Federal Reserve chief Jerome Powell.
Pharrell breaks down barriers between fashion and music
Paris became a playground for Pharrell Williams and his celeb friends at his debut show for Louis Vuitton, collapsing the distance between fashion, music and money-spinning publicity.
High UK inflation hinders cost-of-living fight
Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.
Lost Rembrandt portraits to be sold after 200 years
As family heirlooms go, it doesn't get much better than a pair of Rembrandt portraits that the world had forgotten about for 200 years.
European stocks steady, pound drops as UK inflation surprises
European stock markets steadied and the pound dropped Wednesday as traders reacted to news of stubbornly-high UK inflation that risks pushing Britain into recession.
Kenya minister under fire over diatribe against media group
Kenya's trade minister is at the centre of a firestorm over a series of derogatory remarks against a leading media outlet, including calling its journalists "prostitutes".
Equity markets struggle as traders await Fed boss testimony
Markets mostly fell Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress.
Equity markets drop as traders await Fed boss testimony
Markets mostly dipped Wednesday, following a downbeat lead from Wall Street as investors braced for Fed boss Jerome Powell's testimony to the US Congress.
High inflation hinders UK cost-of-living fight
Britain's annual inflation rate unexpectedly remained at 8.7 percent in May, official data showed Wednesday, piling pressure on the Bank of England and government to act over a cost-of-living crisis.
Campaigners slam Japan government forced sterilisation report
Japanese campaigners on Wednesday slammed a government report into the sterilisation of thousands under a eugenics law in place until 1996, saying it failed to take responsibility for the procedures.
Ex-Australia PM feared Macron would 'kill' nuclear sub deal: book
Former Australian leader Scott Morrison hid plans to ditch a French submarine contract for fear a furious Paris would find a way to "kill" his new deal with the United States and United Kingdom, he reveals in an upcoming book seen by AFP.