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Featured

Meta must limit data use for targeted ads: EU court

Social media platforms such as Meta's Facebook must limit the use of personal data including someone's sexual orientation for targeted advertising, the European Union's top court ruled Friday.

Oil extends gains, jobs report lifts Wall Street

Oil prices rose further Friday on fears Israel could strike Iranian crude facilities, while global stock markets mostly advanced on signs of continued strength in the US economy.

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EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that it is on the road to meeting production goals.

Stocks mixed as markets weigh improving US inflation data

Global stocks finished mixed on Thursday as investors weighed whether a second straight upbeat US inflation report could speed a pivot in Federal Reserve policy away from aggressive tightening.

Iraq to provide Lebanon with fuel for another year: Lebanon PM

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.

Second firefighter dies after Cuban fuel depot blaze

Cuban authorities said Thursday a second firefighter has died battling a days-long blaze at a fuel depot that has also left nearly three dozen people missing or injured.

Extreme heat, price hikes impose tough choices on UK farm

Pulling up some of the sugar beet that should be about handball-size by now, Andrew Blenkiron says the parched conditions have left the root veggies stunted and dried-up.

US gas prices fall below $4 for first time since March

It's not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, providing a bit of relief for Americans struck by massive inflation at almost every turn.

'Hero' Lebanon hostage-taker turns self in after bank drama

Bystanders hailed as a hero an armed customer who held bank staff hostage for hours Thursday in Lebanon because he couldn't access funds frozen after the country's economic collapse.

Stocks rise on more positive inflation data

Stock markets were mostly higher on Thursday after new US data suggested that inflation could indeed be slowing in the world's biggest economy, raising hopes of less aggressive Federal Reserve monetary policy.

Study on serotonin and depression sparks fierce debate

A controversy in the scientific community over a recent claims anti-depressants can be ineffective at treating depression has highlighted the difficulties in understanding mental health conditions.

Soldier makes brief descent into Mexico mine where workers trapped

A soldier made a brief incursion on Wednesday into the flooded coal mine in northern Mexico where 10 workers have been trapped for a week, with relatives anxiously awaiting progress.

Singapore trims 2022 growth forecast on strong global headwinds

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.

Scarring for life: traditional practice fades in Sudan

Kholoud Massaed of the Hadaria tribe in Sudan vividly recalls the day her face was scarred with a sharp blade, an ancient practice that was once common.

China's ex-Covid patients live under 'dark shadow' of stigma

When Zuo tested positive for Covid-19 while working as a cleaner in one of Shanghai's largest quarantine centres, she hoped it wouldn't be long before she could pick up the mop and start earning again.

Disney+ subscribers surge as Netflix stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.

Boeing delivers first 787 in a year

Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane.

Economists urge US to return Afghanistan's frozen assets

Several dozen prominent US and international economists urged the United States Wednesday to hand over to Afghanistan $7 billion in central bank reserves frozen when the Taliban seized control of the country nearly one year ago.

Elon Musk sells nearly $7 bn in Tesla stock

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle with Twitter over a $44 billion buyout deal.

Mexico says rescuers close to entering mine where workers trapped

Rescuers hope to enter a flooded coal mine in northern Mexico soon to search for 10 workers who have been trapped for a week, authorities said Wednesday.

Facebook use plunges among US teens: survey

US teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data out Wednesday.

In scorched UK, source of River Thames dries up

At the end of a dusty track in southwest England where the River Thames usually first emerges from the ground, there is currently scant sign of any moisture at all.

US inflation eases in July amid falling oil prices

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

Stocks jump on easing US inflation

Global stock markets bounced on Wednesday as better-than-expected US inflation data raised hopes that the US Federal Reserve will tone down its aggressive interest rate policy.

Sri Lanka protest camp clears out after crackdown

Protesters in Sri Lanka who brought down the previous government announced they were dismantling their main demonstration site near the president's office on Wednesday in the wake of a crackdown against their leaders.

US inflation eases slightly to 8.5% in July as fuel prices dip

US inflation eased slightly in July, official data showed Wednesday, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

Deliveroo says losses grow, to exit Netherlands

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.

Raymond Briggs: curmudgeonly creator of 'The Snowman'

British cartoonist and illustrator Raymond Briggs called himself "a miserable old git". Even his publisher said he was "the grumpiest of grumpy old men".

Raymond Briggs, author of UK Christmas classic 'The Snowman', dies aged 88

British cartoonist and illustrator Raymond Briggs, whose creation "The Snowman" became a Christmas staple for generations of children, has died aged 88, his publisher Penguin Random House said Wednesday.

Hong Kong's Cathay Pacific narrows H1 loss, eyes better end to year

Hong Kong carrier Cathay Pacific on Wednesday reported losses had narrowed in the first half after an "extremely difficult start" to the year, but said its capacity will improve in coming months as travel sentiment improves.

Experts see inflation reprieve in America

Is inflation finally slowing down in the United States?

China's landmark #MeToo case returns to court after setback

A landmark sexual harassment case in China was set to return to court Wednesday after an earlier ruling dealt a blow to the country's fledgling #MeToo movement.

Misery and disease conquer Afghanistan a year into Taliban rule

The heaving wards of a ramshackle clinic in southern Afghanistan are just one sign of the catastrophic humanitarian crisis that has gripped the war-ravaged country since the Taliban returned to power a year ago.

Asian markets drop on rate worries ahead of inflation data

Asian equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which could have a huge bearing on the Federal Reserve's plans for raising interest rates.

China's consumer inflation pushes higher

China's consumer inflation rose in July to a two-year high, official data showed Wednesday, with a surge in pork prices pushing up the cost of food.

Forever 16: America's teens succumbing to deadly fentanyl

Makayla Cox, a high school student in the US state of Virginia, thought she was taking medication that her friend had procured to treat pain and anxiety.

Full steam ahead: Swiss mark 175 years since first rail service

Switzerland -- famous for its punctual railways -- celebrated the 175th anniversary of passenger train services in the country on Tuesday with a re-creation of the first journey featuring a steam locomotive.

US stocks sink with all eyes on consumer price data

With all eyes on back-to-back inflation data coming this week, Wall Street stocks tumbled again on Tuesday as earnings warnings tanked tech shares.

Two miners rescued in Dominican Republic after 10 days underground

Two miners were rescued in the Dominican Republic Tuesday, seemingly unharmed, after 10 days trapped underground and a massive operation, with support from Canada, to free them.

Falling water levels boost Mexican mine rescue mission

Falling water levels have raised hopes that rescuers will be able to enter a flooded Mexican mine, possibly on Wednesday, to look for 10 trapped workers, the government said.

Coin Press - Economy (English)