Featured
Last news
Uber shares surge as company says consumers still strong
Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust.
US Fed starts policy meeting with further rate hike expected
US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike -- a fourth straight steep increase as price pressures fail to ease quickly enough.
Global stocks rise on Fed optimism, China zero-Covid reports
Global stock markets rose sharply Tuesday, as traders looked ahead to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation.
Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise
Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future.
Lufthansa to raise salaries for German cabin crew
Lufthansa said Tuesday it had agreed a pay rise for 19,000 cabin crew members in Germany to help compensate for soaring inflation.
Markets rally before Fed, China zero-Covid hopes boost Hong Kong
Asian and European stock markets rose further Tuesday, as traders looked ahead to the Federal Reserve's policy decision, hoping it will signal a more dovish approach to fighting inflation.
BP quarterly profit surges on high energy prices
BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.
'Serious blow': Ukraine commander fears loss of Starlink
Few took Elon Musk's tweeted threat to stop funding Starlink in Ukraine as seriously as the commander in charge of communications along much of the southern front.
US publishing mega-merger blocked by federal judge
A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, siding with the US Justice Department which had argued against the mega-merger.
China iPhone factory under lockdown quadruples bonuses for workers who stay
The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility.
Sony hikes net profit forecast as weak yen boosts business
Sony raised its annual net profit and sales forecasts on Tuesday, saying the weak yen had boosted its bottom line in sectors including gaming, music and movies.
Toyota keeps net profit forecast despite production woes
Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets.
Musk on the move at Twitter after takeover finalized
Elon Musk has hit the ground sprinting after his Twitter takeover, seeking major changes to the platform only days after finalizing his controversial $44 billion purchase.
Algeria hosts first Arab summit since Israel normalisation deals
Arab leaders meet in the Algerian capital on Tuesday for their first summit since a string of normalisation deals with Israel that have divided the region.
Biden threatens tax hit for 'war profiteering' oil giants
US President Joe Biden said Monday he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs and boosting production, criticizing their "war profiteering."
Taylor Swift makes US song charts history with 'Midnights'
Taylor Swift made music history Monday, becoming the first artist ever to simultaneously nab all 10 spots on the top US song chart after the release of her album "Midnights."
Biden threatens tax hit for oil majors who fail to lower costs
US President Joe Biden plans to seek tax penalties for oil companies unless they invest their record profits in lowering household costs and ramping up production, a White House official said Monday.
Markets mixed on hopes Fed will take foot off pedal
World stocks were mixed on Monday before a key Federal Reserve policy meeting later in the week, with investors hoping for a less hawkish tilt in plans for interest rate hikes.
Italy surprise GDP jump comes as new PM Meloni prepares budget
Italy posted better-than-expected quarterly growth on Monday, a surprise bump for new Prime Minister Giorgia Meloni that staves off -- for now -- an expected recession in Europe's third-largest economy.
Deal complete, Twitter-Musk litigants ask judge to dismiss suit
Attorneys in the saga over Elon Musk's Twitter takeover have asked a Delaware court to dismiss the litigation following the deal's closure, according to court documents released Monday.
Arrests after India bridge collapse kills more than 130
Nine people were arrested Monday in connection with the collapse of a pedestrian bridge in western India that killed at least 137 people, police said.
Bankrupt Sri Lanka's inflation dips to 66 percent
Inflation in crisis-hit Sri Lanka dipped marginally for the first time in 12 months but prices were still an eye-watering 66 percent higher than a year ago, official data showed Monday.
'Sharp' global labour market slowdown underway: UN
The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said Monday, suggesting a "sharp" slowdown was already underway.
Gas crisis fears recede for now as Europe stockpiles
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency.
Japan govt spent $43 bn to bolster yen in October
Japan's finance ministry said Monday it spent $43 billion in October to bolster the value of the yen, which has tumbled against the dollar this year to lows not seen since the 1990s.
French govt slams 'eco-terrorism' as water protesters dig in
French protesters on Monday defied a massive police presence to try to stop an agriculture water storage project, as the government vowed to prevent any encampment and denounced "eco-terrorism".
Muay Thai's Olympic quest slowed by safety concerns
The ancient combat sport of Muay Thai has set its sights on Olympic glory, but a recent death has highlighted safety concerns that could slow its path to a Games debut.
India bridge collapse kills more than 130
At least 132 people died in India when a colonial-era pedestrian bridge packed with revellers collapsed into the river below, police said Monday.
In verdant Vorarlberg, architecture draws inspiration from nature
Austria's verdant Vorarlberg region is a pioneer in sustainable design, attracting legions of architects and curious visitors who draw inspiration from its breathtaking buildings.
Stellantis China Jeep joint venture to file for bankruptcy
A Chinese joint venture producing Jeep SUVs for Stellantis will file for bankruptcy, the European carmaker said Monday, after its chief executive complained earlier this month political tensions with the West were affecting the business environment.
India bridge collapse kills 132
At least 132 people died in India when a colonial-era pedestrian bridge overloaded with religious revellers collapsed into the river below, police said Monday.
Hong Kong to explore legalising crypto for retail investors
Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at resuscitating the Chinese hub's image.
Markets rise on rate hopes ahead of Fed decision
Most markets rose Monday ahead of a crucial Federal Reserve policy meeting later in the week, with investors hoping for a less hawkish tilt in their plans for interest rates.
Hong Kong banking summit a post-pandemic sales pitch, but is anyone buying?
Hundreds of top bankers will arrive in Hong Kong this week to hear the government's sales pitch that -- despite lingering pandemic curbs and entrenched US-China tensions -- the city is once again open for business.
India bridge collapses, killing at least 130 people
At least 130 people were killed in India after a colonial-era pedestrian bridge collapsed, sending scores of people tumbling into the river below, police said Monday.
China's factory activity contracts on Covid curbs
China's factory activity shrank in October, official data showed Monday, after industries were hit by strict Covid lockdowns.
In Amazon, Indigenous voters wear Lula support painted on faces
In the Brazilian Amazon, members of an Indigenous community painted their faces and put on traditional feather headdresses as they set out to vote Sunday in the hard-fought presidential runoff election.
Brazil election hit by outcry over roadblocks
Brazil's election boss on Sunday announced the lifting of traffic police roadblocks that had "delayed" voters during a high-stakes presidential election, after the blockages led to an outcry from the left.
Firebombing at UK immigration office handling Channel migrants
An attacker on Sunday threw firebombs at an immigration office used to process asylum seekers crossing the Channel in small boats as the government seeks to curb record arrivals.