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Asian markets drop after Wall Street retreat
Asian markets dipped in early trade Friday after a negative lead from Wall Street, with investors around the world worried about surging inflation.
'Terrified': Musk Twitter buyout bid rattles tech world
Elon Musk's shock offer to buy Twitter drew immediate fears Thursday – and some cheers – over putting the platform in the hands of a mercurial billionaire who advocates fewer limits on what people can post.
Haulage strike paralyzes Argentina's farming exports
A four-day-old strike by Argentine grain transporters, demanding higher freight rates in the face of rising diesel prices due to war in Ukraine, has paralyzed farming exports, industry sources said Thursday.
Germany seizes world's largest yacht owned by Russian oligarch
Germany has officially confiscated the world's largest superyacht owned by Russian oligarch Alisher Usmanov, as part of sanctions against Moscow following the outbreak of war in Ukraine, police sources said Thursday.
Musk says 'not sure' his Twitter buyout bid will succeed
Tesla chief Elon Musk said Thursday he's not sure his $43 billion bid to buy Twitter will succeed, but asserted he has a "plan B" in case of failure.
US banks see upheaval from Fed shift, Russia challenging economy
Large US banks released a mixed deluge of earnings Thursday, pointing to the continued strength of US households and businesses while warning of rising risks from inflation, geopolitical upheaval and fast-changing monetary policy.
NFT of first-ever tweet a dud in online auction
An NFT of the first tweet ever posted on Twitter was struggling to attract bidders on Thursday, with the highest offer so far just shy of $10,000 -- a year after it was bought for $2.9 million.
Euro hits two-year low as ECB holds fire
The euro slumped to a near two-year low on Thursday after the European Central Bank remained vague about when it will raise interest rates in the face of soaring inflation.
Lebanon to demolish blast-hit silos despite victims' protest
Lebanon on Thursday ordered the demolition of Beirut's grain silos which are at risk of collapse following a devastating 2020 port explosion, prompting protests from relatives of blast victims who want the silos preserved.
Elon Musk, tech visionary in the spotlight
Space conquest: check. Disrupt the auto industry: check. Take over Twitter? Why not. From eccentric entrepreneur to the world's richest man, Elon Musk likes to dream big -- and these days, he is everywhere you look.
Iraqis queue for fuel as stations protest government
Motorists in Iraq formed long queues for fuel Thursday after some owners of filling stations shut off their pumps to protest government policies on fuel distribution and pricing.
Citigroup sets aside $1.9 bn for Russia as US banks report mixed results
Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia's invasion of Ukraine as large US banks reported mixed results amid a backdrop of geopolitical upheaval and fast-changing monetary policy.
Eurozone stocks rise, euro slides as ECB holds fire
Eurozone stock markets rose Thursday while the euro slid as the European Central Bank remained vague about when it will raise interest rates in the face of soaring inflation.
Fed can achieve economic 'soft landing,' but it won't be easy: Williams
The US central bank can bring inflation down by raising interest rates without jeopardizing growth in the world's largest economy, although it will be a challenge, a top Federal Reserve official said Thursday.
ECB sticks to the plan as inflation, Ukraine shake eurozone
The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.
Bankrupt Sri Lanka looks to expand airline fleet
Cash-strapped Sri Lanka's loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default on its $51 billion foreign debt.
Without official aid, Durban flood victims dig themselves out
Entering their fourth day without power or water, Durban's poorest residents lined up on Thursday to collect water from burst pipes and dug through layers of mud to retrieve their few possessions.
Citigroup sets aside $1.9 bn due to Russian-Ukraine conflict
Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia's invasion of Ukraine, which was one factor driving a drop in the bank's quarterly earnings.
Turkey again refuses to raise rates to fight record inflation
Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for the fourth month in a row.
ECB holds tight as inflation tide rises
The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.
Eurozone stocks, euro higher before ECB update on rates
Eurozone stock markets and the euro rose Thursday awaiting the outcome of the European Central Bank's latest monetary policy meeting, as traders seek more information on when it will start to raise interest rates to fight the bloc's record-high inflation.
Sri Lankans abandon holiday celebrations for protests
Life usually stops in Sri Lanka's capital during April's holiday period, but with an economic crisis derailing traditional home celebrations, Colombo's city centre is instead teeming with frustrated crowds.
UK to send asylum-seekers to Rwanda
Britain is to send migrants and asylum-seekers who cross the Channel thousands of miles away to Rwanda, according to a controversial deal announced Thursday as the government tries to clamp down on record numbers of people making the perilous journey.
Volkswagen sees impact of Ukraine war despite profit bounce
German auto giant Volkswagen said Thursday its first quarter operating profit increased significantly in 2022, while warning that the "first effects" of the war in Ukraine were beginning to be felt.
Taiwan's TSMC reports record first-quarter revenue
Taiwanese tech giant TSMC posted record revenue for the first three months of the year Thursday as demand soared for chips used in everything from smartphones and cars to missiles.
Asian, eurozone markets rise but inflation haunts outlook
Asian and eurozone stocks rose Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine.
Uniqlo operator lifts profit outlook despite China lockdowns
Fast Retailing, the operator of Japanese casualwear giant Uniqlo, revised its annual net profit forecast upwards on Thursday even as business in China is hit by fresh lockdowns.
Judge slashes Tesla's damages to ex-employee in racism case
A San Francisco judge on Wednesday slashed the $137 million in damages Tesla was told to pay a former employee in a racial discrimination case down to $15 million but upheld the verdict.
Asian markets rise but inflation, Ukraine fears linger
Asian stock markets mostly rose in early trade Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine.
ECB wrestles with record inflation and war risk
European Central Bank policymakers meet on Thursday faced with the challenge of threading a response between record-high inflation figures and weak growth due to the war in Ukraine.
Biden's biofuel: Cheaper at the pump, but high environmental cost
In an effort to ease Americans' pain at the gas pump, President Joe Biden has announced his administration will ease restrictions on the sale of E15 -- gasoline that includes 15 percent ethanol -- and new investments in biofuels as a whole.
Global stocks mostly up despite another historic inflation report
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.
Argentines march for jobs, food, amid rampant inflation
Thousands of Argentines marched Wednesday for jobs, food, and more social aid as rampant inflation undermines government efforts to raise living standards.
International agencies call for urgent aid to address food insecurity
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies.
Half of US warehouse injuries in 2021 at Amazon: unions
Nearly half of all recorded injuries in US warehouses last year occurred at Amazon, according to a report released Tuesday by a coalition of unions.
Stocks, oil rise as inflation soars
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.
Delta shares fly as strong demand offsets jet fuel drag
Delta Air Lines offered an upbeat outlook for the summer travel season on Wednesday, saying strong demand is providing enough pricing power to make up for soaring fuel costs.
JPMorgan Chase says US economy still solid, but risks rising
JPMorgan Chase said the US economy remains on solid footing for the short-term, but warned of heightened longer-term risks due to inflation and the Ukraine war as its reported lower quarterly profits.
India's Infosys to exit Russia business
Indian software giant Infosys said Wednesday it was "transitioning" out of the Russian market following the Ukraine war and conflict of interest accusations levelled at Rishi Sunak, the British finance minister.