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Europe stocks rise but Wall Street falls as tech falters
European and Asian stock markets rose Friday but Wall Street fell after tech giants Amazon and Apple posted disappointing quarterly results.
Thai, Malaysian firms pull out of Myanmar gasfield project
Thailand's oil and gas conglomerate PTTEP and Malaysia's Petronas announced Friday they would withdraw from the Yetagun gas project in coup-hit Myanmar.
Americans' spending, incomes grew in March amid high prices: govt
As their wages rose last month, Americans channeled more dollars towards services even as prices continued ticking higher, government data released Friday said.
ExxonMobil earnings double to $5.5 bn on higher oil prices
ExxonMobil's first-quarter profits more than doubled to $5.5 billion, the company reported on Friday, as higher oil prices offset costs connected to exiting its Sakhalin project in Russia.
Eurozone stocks edge higher as weak data offsets China support
Eurozone stock markets rose only slightly Friday as the bloc's weak economic data offset hopes China would ease its long-running crackdown on the tech sector -- news that sent Asian equities soaring.
Paris suspends electric bus fleet after fires
Dozens of electric buses will be taken off the streets of Paris temporarily "as a precaution" after two of the vehicles caught fire, public transport operator RATP said Friday.
Eurozone economy hit by Ukraine war fallout
The eurozone economy felt the fallout from the Ukraine war as output slowed and inflation stayed at record levels in the first quarter, official data showed Friday, imperilling Europe's recovery from the pandemic.
French growth crashes to zero in first quarter
The French economy flatlined in the first quarter as households reduced their consumption due to rising inflation and the war in Ukraine, the national statistics agency said Friday.
Tesla recalls second batch of cars in China on safety concerns
US car giant Tesla has recalled more than 14,600 cars in China over a software fault that could lead to safety risks, the country's market regulator said Friday, the firm's second callback in a month.
Choking and sweating around Delhi's burning hill of trash
Living in a slum by one of New Delhi's trash landfills, Pramod is used to the stench, flies, government apathy and occasional fires. But this week's inferno as India wilts in a heatwave came too close for comfort.
Asian markets rally as China tech share surge lifts sentiment
Hong Kong and Shanghai led a rally across Asia on Friday on hopes Beijing is set to ease its long-running crackdown on the tech sector.
Musk offloads $4 bn in Tesla shares after Twitter deal
Tesla chief Elon Musk sold about $4 billion worth of shares in the electric carmaker in the days after Twitter's board agreed to his $44 billion takeover of the social media platform.
South Korea to end outdoor mask mandate
South Korea said Friday it will lift its outdoor mask mandate next week in response to a steady drop in Covid-19 cases after an Omicron-fuelled surge.
Russia strikes Kyiv during UN chief's visit as Moscow presses offensive
Russian forces pressed their offensive in south and east Ukraine on Friday after bombarding its capital during a visit by the United Nations' chief.
Most Asian markets track Wall St rally but tech struggles
Equity markets in Asia mostly rose Friday following a positive lead from Wall Street but optimism remains at a premium as traders operate under the shadows of war, soaring inflation, US interest rate hikes and China's lockdowns.
Billionaire Luiza Trajano, the businesswoman shaking up Brazil
Brazilian businesswoman Luiza Trajano has made it onto a lot of lists: TIME's most influential people, Forbes' billionaires, the biggest fortunes in Brazil...
With inflation rising, millions in Argentina rely on food aid
Elena Gonzalez's backyard soup kitchen is a hive of activity, with busy hands chopping and stirring as a cauldron with a bit of chicken and much rice boils over a wood fire in a poor Argentina neighborhood.
Life after sumo: retired wrestlers fight for new careers
When Japanese sumo wrestler Takuya Saito retired from the sport at 32 and began jobhunting, he had no professional experience and didn't even know how to use a computer.
High-flying tech giants buffeted by turbulent times, earnings show
Tech giants that saw good times during the pandemic are dealing with a "hangover" compounded by inflation and the war in Ukraine, analysts have said after earnings released this week.
10 football pitches of pristine rainforest lost per minute in 2021
Huge swathes of tropical rainforest were burned or hacked down for cattle and crops last year, led by destruction in Brazil, researchers said Thursday, warning that climate change itself is making it harder to reverse the losses.
Apple reports solid Q2, but warns of $4-$8 bn hit from Covid, supply chain
Apple reported better-than-expected profits Thursday amid continued robust consumer demand, but warned that the China Covid-19 lockdown and ongoing supply chain woes would dent June quarter results by $4 to $8 billion.
Apple reports slower Q2 sales growth, but results top estimates
Apple reported better-than-expected profits Thursday on robust consumer demand for its devices and services even as revenue growth slowed while it navigated an ongoing semiconductor supply crunch.
IMF chief tests positive for Covid-19
IMF Managing Director Kristalina Georgieva has tested positive for Covid-19, a spokesman said Thursday, stressing she had only "mild symptoms."
Russia strikes Kyiv during UN chief's visit, Biden asks for $33bn for Ukraine
Russian forces bombarded Ukraine's capital late Thursday during a visit by UN Secretary-General Antonio Guterres, who decried the "absurdity" of war in the 21st century, as US President Joe Biden asked for $33 billion more to support Kyiv.
Uncertainty Musk Twitter deal will close as platform reports mixed earnings
Twitter shares climbed Thursday after reporting mixed earnings, but continued to lag the price in the company's takeover agreement with Elon Musk amid uncertainty over whether the acquisition will be completed.
Gazprom profits soar on high energy prices
Russian energy giant Gazprom on Thursday announced a soaring net profit for 2021, boosted by high energy prices.
Kyiv probes Russian troops over Bucha, Biden seeks $33 bn package
Ukrainian prosecutors said Thursday they were investigating 10 Russian soldiers for alleged war crimes in Bucha and had identified more than 8,000 suspected war crimes cases since Russia invaded.
Canada lifts restrictions on gay men's blood donations
Canada announced Thursday a lifting of restrictions on blood donations by gay and bisexual men that dates back to HIV/AIDS crisis of the 1980s and 1990s.
US economy sees surprise Q1 contraction despite solid spending
The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with record inflation.
'Donbas is not Ukraine': in industrial east, hopes for Russian rule
At a market in the industrial town of Lysychansk in east Ukraine -- war-scarred after relentless attacks by Russian forces -- one woman quietly hopes Moscow's army will break through.
Ukraine probes Russian troops over Bucha as UN chief visits
Ukrainian prosecutors said Thursday they were investigating 10 Russian soldiers for alleged war crimes in Bucha, as the visiting UN chief urged Russia to cooperate with a probe into atrocities.
Stock markets rise on busy corporate earnings day
Stock markets rose on Thursday as investors digested a slew of company results and shrugged off a worse-than-expected US economic contraction.
Germany's Scholz backs Ukraine weapons move on Japan trip
Chancellor Olaf Scholz on Thursday thanked Germany's parliament for backing the decision to provide Ukraine with heavy weapons, as Russia said Western arms deliveries to the country were dangerous for European security.
Smiling Queen Elizabeth meets Swiss president after 96th birthday
Queen Elizabeth II looked on healthy form Thursday as she met face-to-face with Switzerland's president, in the build-up to UK-wide celebrations for her Platinum Jubilee in early June.
Price hikes help lift McDonald's sales in Q1
Price hikes in the US market helped lift first-quarter sales at McDonald's, while profits tumbled due to an unspecified tax matter, according to results released Thursday.
Strike cripples Sri Lanka as president faces new pressure
Millions of workers staged a crippling strike in Sri Lanka on Thursday, adding to pressure on President Gotabaya Rajapaksa and his ruling family to quit over the country's worst-ever economic crisis.
Stock markets extend recovery, dollar at multi-year highs
Stock markets powered higher Thursday, extending a recovery on bargain hunting after sharp losses at the start of the week.
Homemade library builds bookish community in S.Africa's Soweto
Behind an unmarked gate, on a residential street in South Africa's Soweto township, Thami Mazibuko makes his way down a corridor and up a stairwell, all lined with books.
China cuts coal import taxes to zero to ensure energy supply
China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country's environmental promises.