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EU to revamp budget rules to spur growth
The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.
'Infernal': Fuel crisis driving Cubans round the bend
The streets of Havana are quieter than usual -- many of the rattling old cars the city is known for stand idle amid Cuba's worst fuel shortage in years.
Tiffany to reopen NYC flagship under French management
The tarpaulins and scaffolding that obscured the facade of Tiffany and Co's flagship New York jewelry store for years have finally come down ahead of its re-opening this week.
UK children receiving food aid spikes to over one million: charity
More than a million children in the UK received food aid in the past 12 months, an increase of 300,000 from a year earlier, as the country battles a cost of living crisis, latest figures showed Wednesday.
Japan firm fails in bid for historic Moon landing
Japanese start-up ispace conceded Wednesday its attempt to become the first company to land on the Moon had ended in failure, but pledged to move ahead with new missions.
Google, Microsoft top expectations as AI rivalry heats up
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
Cannes festival nominee dismisses controversy over under-age sex scene
French director Catherine Corsini dismissed claims about on-set harassment and the presence of a child in a sex scene on Tuesday following criticism over her inclusion in the Cannes Film Festival.
BAT to pay over $600 mn for violating NKorea sanctions
British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
Japan firm's pioneering Moon landing fails
A Japanese startup attempting the first private landing on the Moon said Wednesday it had lost communication with its spacecraft and assumed the lunar mission had failed.
Bitter battle: S.Africa slams 'unfair' EU citrus trade rule
President Cyril Ramaphosa condemned the EU Tuesday for restrictions on citrus exports from South Africa to prevent the importation of non-indigenous moths which stranded tonnes of fruit at sea when introduced last year.
Mattel unveils Barbie doll with Down syndrome
US toy manufacturer Mattel unveiled a new Barbie doll Tuesday representing a person with Down syndrome, as it seeks to allow more children to see themselves in the popular figure.
US new home sales rise in March to highest level in a year
New home sales in the United States defied expectations to hit a one-year high in March, the Commerce Department said Tuesday, as a lack of existing homes bolstered demand in the market for new properties.
US new home sales rise more than expected in March
New home sales in the United States grew more than anticipated in March, the Commerce Department said Tuesday, as a lack of existing homes continued bolstering demand in the market for new properties.
Dollar up as Biden confirms re-election bid
The dollar was largely higher Tuesday as Joe Biden confirmed his bid to win re-election as US president next year.
General Motors lifts 2023 forecast after strong Q1 results
General Motors raised key 2023 profit projections Tuesday following a solid first quarter in which strong results in North America compensated for declines in other regions.
Santander profits up despite windfall tax on banks
Spanish banking giant Santander saw its first quarter net profits rise thanks to strong business activity that offset a windfall tax imposed by Spain's leftwing government, results showed Tuesday.
Hong Kong shares drop sharply on major losses in Chinese firms
Hong Kong shares fell sharply on Tuesday on the back of major losses in Chinese firms, as a lack of clear direction ahead of key announcements this week presented a challenge for global investors.
Nestle sales grow on back of price increases
Swiss food group Nestle on Tuesday reported better-than-expected sales in the first three months of the year, helped by price increases to offset inflation and demand for its staple products.
UBS hopes to complete Credit Suisse takeover before July
UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse in the second quarter, as the bank posted an underwhelming first quarter net profit of $1.0 billion.
Good vibrations: Thai party makes sex toy election pledge
A conservative Thai political party is seeking to woo voters ahead of next month's general election with a pledge to legalise sex toys, pointing to the fiscal -- and frisky -- benefits.
UBS posts $1.0 bn Q1 net profit, Credit Suisse takeover completion set for Q2
UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse in the second quarter, as the bank posted an underwhelming first quarter net profit of $1.0 billion.
Asian stocks mostly down after mixed session on Wall Street
Asian stocks were mostly down on Tuesday following a mixed session on Wall Street, with investors still casting about for direction at the start of a week of major announcements.
Investors look for strength in UBS results
UBS is expected to post solid first quarter results Tuesday, with all eyes on whether the bank is strong enough to carry through its forced alliance with stricken rival Credit Suisse.
Netflix to invest $2.5 bn in South Korean content
Netflix will invest $2.5 billion in South Korean content over the next four years, the streaming giant's CEO Ted Sarandos announced after meeting with the country's President Yoon Suk Yeol in Washington.
Canadians flock to food banks as grocery prices soar
Hundreds of thousands of people stream in each month to the Daily Bread Food Bank in Toronto, its chief executive says, as galloping inflation continues to squeeze Canadians' grocery budgets.
Brazil Indigenous leader awarded for fight against mining
Alessandra Korap Munduruku first turned to activism as she watched advancing agriculture devastate her Indigenous territory in Brazil, but it was her battle to drive out mining giant Anglo American that landed her in the spotlight.
Tucker Carlson: The voice of white America's outrage falls silent
In the world of Tucker Carlson's hit TV show, America was under assault -- by Democrats, by health authorities, by Black Lives Matter protests -- and white conservatives were in a fight for their very survival.
Barcelona raise 1.45 bn euros for Camp Nou rebuild
Barcelona said on Monday they had secured 1.45 billion euros ($1.6 billion) in funding for a redevelopment plan and would start the renovation of the Camp Nou stadium on June 1.
Cannes adds controversial French film to line-up
A new French film was added to the Cannes Film Festival line-up on Monday despite reports of inappropriate behaviour on set, including the use of a child in a sex scene.
France refuses to halt Indian Ocean migrant expulsions
France on Monday refused to halt a controversial planned operation to expel migrants from its Indian Ocean island territory of Mayotte, despite opposition from the neighbouring Comoros and clashes between locals and security forces sent by Paris.
India to pass China this week as world's most populous nation: UN
India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the United Nations said Monday.
Sunak seeks to boost UK business links amid crisis
British Prime Minister Rishi Sunak sought to repair the government's tarnished economic record Monday, reaching out to the business community rocked by a scandal engulfing the Confederation of British Industry.