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Fed prepared to take 'stronger action' to fight inflation: Brainard
Reducing high inflation is of "paramount importance" for the US central bank and policymakers are prepared to act more aggressively if needed, Federal Reserve Governor Lael Brainard said Tuesday.
Salmonella, a leading cause of foodborne outbreaks
Salmonella, fears over which sparked a cautionary recall of Kinder chocolate eggs in several European countries on Tuesday, is one of the most common causes of food-borne outbreaks.
Twitter names Elon Musk to board, further lifting shares
Twitter announced Tuesday that Elon Musk will join its board, one day after the Tesla CEO disclosed a large stake that made him the social media company's largest shareholder.
World's fossil fuel assets risk evaporating in climate fight
Oil platforms, pipelines, coal power plants and other fossil fuel assets could lose trillions of dollars in the battle against climate change in the coming decades, experts say.
Germany closes Russian darknet marketplace Hydra
German police said Tuesday they have taken down Russian-language illegal darknet marketplace Hydra, the largest such network in the world, and seized bitcoins worth 23 million euros ($25 million).
Hit by sanctions, Lada factory town braces for tough times
For generations the Russian city of Tolyatti has been synonymous with leading car manufacturer Avtovaz, maker of one of the country's best-known brands, the Lada automobile.
Oil extends rally as EU considers more Russia sanctions
Oil prices jumped further Tuesday as the European Union considered further sanctions against major crude producer Russia in response to killings in the Ukrainian town of Bucha that have prompted international condemnation.
Scottish town welcomes banking lifeline
Donna Corrigan pops into her local supermarket to pay OneBanks a visit, laden with a heavy box of coins to deposit into her bank account.
Watchmakers tinker with new materials to draw new buyers
Lab-made diamonds, recycled plastic and 3D printing: this year's Geneva watch fair was teeming with timepieces crafted from new materials, aimed at seducing a new generation of luxury watch connoisseurs.
Oil extends rally on Russia sanctions bets, stocks wobble
Oil prices extended gains Tuesday on the prospect of further sanctions on Russia for alleged "atrocities" in some occupied Ukraine cities, while equities struggled to build on a rally in New York and Europe.
Ecuador banana industry slips over war in Ukraine
Until recently, the incessant bustle of Ecuadoran banana plantations provided evidence of the industry's robust export business. But from one week to the next, the groves have fallen silent -- trade victims to a conflict half a world away.
Satellite images show bodies in Bucha for weeks, rebutting Moscow claim
Satellite photographs released on Monday appear to rebut Russian assertions that dead bodies in civilian clothing found in Bucha had appeared there after Russian forces retreated from the devastated Ukrainian town.
Starbucks interim CEO Schultz to suspend share buyback program
The newly installed interim chief executive of Starbucks Howard Schultz announced Monday he will suspend a share repurchase program as the chain navigates a challenging landscape amid a growing unionization push.
French fruit, vineyards endure coldest April day in 75 years
French wine and fruit growers were hit by the coldest April day since 1947 overnight Sunday and early Monday, the second straight year they have suffered freak spring weather.
Twitter shares take wing, oil prices rebound
Stock markets were subdued on Monday while oil prices rose as investors tracked Russia's war with Ukraine, but Twitter stood out as its shares soared after Elon Musk purchased a major stake in the social network.
Sri Lanka opposition rejects unity govt offer, demands president resign
Sri Lanka's opposition on Monday dismissed the president's invitation to join a unity government as "nonsensical" and instead demanded he resign over the country's worsening shortages of food, fuel and medicines.
Elon Musk buys large stake in Twitter, sending stock soaring
Elon Musk has taken a major stake in Twitter, regulatory filings showed Monday, sending the social media network's stock soaring and igniting speculation he could seek an active role in its operations.
Stocks up, oil steady on easing supply, inflation concerns
Stock markets climbed and oil prices steadied Monday on easing concerns over tight crude supplies and decades-high inflation, traders said.
Sri Lanka leader offers to share power as protests mount
Sri Lanka's president offered to share power with the opposition on Monday as protests escalated across the country demanding his resignation over worsening shortages of food, fuel and medicines.
Troubled Sri Lanka set for new cabinet and protests
Sri Lanka's president was set to appoint a new cabinet Monday as security forces braced for possible violence with more protests expected against worsening shortages of food, fuel and medicines.
Asian markets mixed as strong US jobs data boosts rate hike bets
Asian markets were mixed Monday as another strong jobs report provided some reassurance that the recovery in the US economy remained on track but also solidified expectations for more aggressive Federal Reserve interest rate hikes.
Myanmar military's beer sales tumble after junta boycott
When Japanese brewing giant Kirin called time on its Myanmar operations last month, the news made little difference to Kyaw Gyi -- like many drinkers, he had long boycotted the beer it produced with a military conglomerate.
Hungary PM Orban wins fourth term with comfortable victory
Nationalist Hungarian Prime Minister Viktor Orban won a fourth term in office Sunday as his Fidesz party emerged triumphant, official figures showed, after a campaign overshadowed by the war in neighbouring Ukraine.
Sri Lanka protesters defy curfew after social media shutdown
Armed troops in Sri Lanka blocked a Sunday opposition march that defied a weekend curfew to protest the island nation's worsening economic crisis, after authorities imposed a social media blackout to contain public dissent.
'About time': Law set to end child marriage in England and Wales
At 16, Payzee Mahmod was coerced by her Iraqi-Kurdish family in London into marrying a man around twice her age.
Stung by drought, Morocco's bees face disaster
Morocco's village of Inzerki is proud to claim it has the world's oldest and largest collective beehive, but instead of buzzing with springtime activity, the colonies have collapsed amid crippling drought.
From Beirut to Baghdad: Lebanese flee crisis seeking jobs in Iraq
Iraq, once synonymous with conflict and chaos, is becoming a land of opportunity for Lebanese job-seekers fleeing a deep economic crisis back home.
Clock ticking on Swiss watches' raw materials from Russia
Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.
Canadian trappers wrestle with loss of Russia, Ukraine fur markets
Trying to maintain his balance on a dam, Canadian trapper Ray Gall advances cautiously as he tries to retrieve a large black beaver snared in one of his traps.
US defense contractors see longer term benefits from war in Ukraine
US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.
Tesla delivers over 1 million electric cars over past year
US electric car manufacturer Tesla shipped a record number of more than one million cars over the past year, according to figures published Saturday.
War-torn Yemen holds breath as breakthrough truce begins
Yemen's warring parties laid down their weapons for the first nationwide truce since 2016 on Saturday, with all eyes on whether the UN-brokered ceasefire will hold.
India, Australia ink interim trade deal
India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.
No longer a last resort: Pulling CO2 from the air
To save the world from the worst ravages of climate change, slashing carbon pollution is no longer enough -- CO2 will also need to be sucked out of the atmosphere and buried, a landmark UN report is expected to say on Monday.
Amazon workers in New York vote to unionize in US first
Amazon workers in New York voted Friday to establish the first US union at the e-commerce giant, a milestone for a company that has steadfastly opposed organized labor in its massive workforce.
Stocks wobble as solid US jobs data points to rate hike
Stock markets wavered on Friday as a solid US jobs report raised expectations of an aggressive US interest rate hike to tame runaway inflation.
Stocks rise on strong US jobs data, oil steadies
Stock markets rose on Friday following a healthy US jobs report while oil prices steadied as US allies mulled new measures to calm the crude market.
New era for Zara empire as Ortega heiress takes helm
Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market.
US labor market nears full recovery after strong March hiring
The US labor market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.