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Stocks get a boost as inflation pressures ease in US, Europe
Stocks advanced on most European and US markets Friday on signs of slowing inflation on both sides of the Atlantic, rekindling hopes that central bankers will hold back on further interest rate increases that could crimp economic growth.
Stocks rally as inflation pressures ease in US, Europe
Stock markets posted solid gains in Europe and the US on Friday on signs that inflation is slowing on both sides of the Atlantic, rekindling hopes that central bankers will hold back on further interest rate increases that could weigh on economic growth.
Key US inflation measure ticks up in August
The key US inflation measure used by the Federal Reserve to set interest rates ticked up again in August, fueled by rising energy prices, according to government data published Friday.
Spain court shelves probe into John McAfee prison death
A Spanish court has closed a probe into the death of software mogul John McAfee at a prison near Barcelona in 2021, ruling he committed suicide, court documents showed Friday.
European stocks rally as inflation fears ease
European stock markets rose Friday as news of eurozone inflation easing to the lowest rate in nearly two years helped to offset worries about high oil prices.
VinFast share volatility 'normal': chief executive
The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is "normal", its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.
Eurozone inflation falls to nearly two-year low
Eurozone inflation dropped to an almost two-year low in September, official data showed Friday, raising hopes that the European Central Bank will end its rate-hiking cycle.
Millions travel across China as national holiday kicks off
Chinese travellers thronged transport networks Friday as an eight-day national holiday kicked off, the first October break since the end of the strict zero-Covid policies that separated families and hammered the tourism industry.
Philippines vows to remove future barriers at disputed reef
The Philippine Coast Guard vowed Friday to "do whatever it takes" to remove any more floating barriers installed by China at a disputed reef in the South China Sea.
French billionaire investigated in money laundering probe
French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for alleged money laundering at a luxury Alpine resort, according to Paris prosecutors.
Lebanese children 'miss out' on education as crisis takes toll
Rana Hariri doesn't know when she'll be able to send her children back to school, as Lebanon's grinding economic crisis thrusts the fate of public education into uncertainty.
Sam Bankman-Fried, the fallen wunderkind of cryptocurrency
He was the face of cryptocurrency, and a young one at that -- a media darling seemingly destined to unite the sector.
'They put a price on everything': extortion hits Mexican economy
Plots of land lie empty among lime and banana plantations in one of Mexico's most violent regions -- abandoned by their owners due to widespread extortion squeezing Latin America's second-largest economy.
US anti-discrimination agency sues Tesla over 'pervasive' racism
A federal anti-discrimination agency filed a lawsuit Thursday accusing Elon Musk's Tesla of allowing "pervasive" racism at its Silicon Valley car plant and retaliating against Black workers who opposed such abuse.
NY judge says pay raise for delivery workers can go ahead
Three big companies in the gig economy -- Uber, Doordash and Grubhub -- lost a court battle Thursday in New York after a judge upheld a new minimum wage for app-based food delivery workers who became essential during the pandemic.
Fortnite maker Epic Games tightens belt with layoffs
Epic Games, maker of the highly popular Fortnite video game, said Thursday it is cutting its workforce to save money but will continue spending on its legal battle over Apple and Google app stores.
Mineral-hungry clean tech sees countries seeking to escape China's shadow
With a clean energy transition hungry for more minerals, representatives from dozens of countries and industry met in Paris on Thursday looking to shore up deliveries against supply chain snarls and geopolitical tensions.
Sweden's Northvolt says to build major EV battery plant in Canada
Swedish-based Northvolt on Thursday unveiled plans to build its first electric vehicle lithium-ion battery gigafactory in North America, just outside of Montreal.
Oil rally cools, providing relief for stocks
Oil prices flirted with one-year highs on Thursday before falling back in a bout of profit-taking, which tempted investors back into stocks after several days of losses over inflation fears.
Academie Francaise, guardian of French language, gets new leader
"The Immortals" have spoken: the 388-year-old Academie Francaise, custodian and promoter of the French language, has a new leader in the form of author Amin Maalouf.
Academie Francaise gets new leader
"The Immortals" have spoken: the 388-year-old Academie Francaise, custodian and promoter of the French language, has a new leader in the form of author Amin Maalouf.
Oil rally cools but inflation worries keep stocks in check
Oil prices flirted with one-year highs on Thursday before falling back in a bout of profit-taking, with fears of high energy prices fuelling the inflation worries that have weighed on equity markets.
German inflation at lowest since start of Ukraine war
German inflation slowed in September to the lowest level since the outbreak of the Ukraine war, data showed Thursday, offering a glimmer of hope even as Europe's top economy struggles to emerge from a recession.
China's Evergrande says boss suspected of crimes after trading suspended
Heavily indebted property giant China Evergrande said Thursday its boss was suspected of "illegal crimes", after trading of its shares was suspended earlier in the day.
Germany and Israel sign 'historic' missile shield deal
Germany on Thursday signed a deal to acquire the Israeli-made Arrow 3 hypersonic missile system that will become a key part of Europe's defence against air attack.
Russia unveils huge spending hike to battle 'hybrid war'
Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funnelling massive resources into its Ukraine offensive to fight what it calls a "hybrid war" unleashed by the West.
'Harry Potter' actor Michael Gambon dies aged 82
British-Irish actor Michael Gambon, best known for playing Albus Dumbledore in six of the eight "Harry Potter" films, has died in hospital aged 82, his family announced Thursday.
Oil prices cool after hitting highest levels in almost a year
Oil prices on Thursday reached their highest levels in nearly a year, with Brent North Sea crude advancing towards $100 on tight supplies, an increase that has weighed on stock markets.
Farm scientist behind India's 'green revolution' dies
India on Thursday mourned the death of scientist Monkombu Sambasivan Swaminathan, the architect of the 1960s "green revolution" that brought an end to the chronic food shortages then plaguing the country.
Grief, anger at Iraq mass for victims of wedding fire
Survivors of a fire that ripped through an Iraqi wedding and those mourning the at least 100 people killed filled the pews of a Christian mass Thursday, two days after the disaster.
New film on historical Native American murders reflects universal themes: Scorsese
Martin Scorsese, best known for his action-packed thrillers and gangster epics, now depicts an investigation into the murders of Native Americans in his latest film, "Killers of the Flower Moon", which previewed in New York on Wednesday.
In divided US, women crisscross country for abortion care
A year after the US Supreme Court abolished nationwide access to abortion care, many American women are settling into a new reality: arranging costly trips to terminate their pregnancies in states where the procedure is still allowed.