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Oil jumps on China easing Covid restrictions, Russia price cap
World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.
Oil jumps on China easing of Covid restrictions, Russia price cap
World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.
Taiwanese iPhone maker seeks to restore production after protests
Taiwanese tech giant and key Apple supplier Foxconn said Monday it was hiring new workers and moving towards "restoring production capacity to normal" following violent clashes at its central China plant last month.
Iran judiciary seals businesses of football legend Daei: media
Iran has sealed a jewellery shop and restaurant belonging to football legend Ali Daei, after he backed protesters' calls for strikes this week, local media reported on Monday.
How Paris cinemas are surviving
Spinning once again, the sign above France's biggest cinema, the Grand Rex, is testament to how well Paris venues have weathered the twin threats of streaming and the pandemic.
Russian oil price cap put to the test
The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's revenue as punishment for its invasion of Ukraine, while making sure Moscow keeps supplying the global market.
Vodafone CEO to step down after four years at helm
Vodafone chief executive Nick Read is stepping down, the British telecoms group said Monday, after a four-year tenure marked by a steep fall in the company's share price.
Stocks rise as China eases more Covid measures
Most stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.
Ghana offers local debt swap as part of IMF talks
Ghana offered investors a domestic debt swap on Monday to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades.
Asian stocks rise as China eases more Covid measures
Stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.
Ex-Wirecard CEO goes on trial over 'unparalleled' fraud
Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.
Five things to know about the Wirecard scandal
More than two years after the dramatic collapse of German digital payments firm Wirecard, ex-CEO Markus Braun and two former managers will go on trial for fraud.
Records that tumbled in 2022
From roasting temperatures to rocketing energy prices and millions of refugees fleeing Ukraine, 2022 was a year of extremes.
Tunisians dream of moving to Germany as crisis bites
Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long history of ties with France.
Egypt dusts off pyramids for fashion, pop and art shows
Egypt is using the ancient grandeur of its pyramids as a backdrop for modern pop concerts and fashion shows, hoping to boost its image, tourism and the luxury brand sector beloved by its moneyed elite.
Asian stocks up, dollar down as China eases more Covid measures
Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.
UN agency seeks FIFA deal for World Cup labour rights role
After fierce criticism of the Qatar World Cup, the head of the UN labour agency on Sunday pressed FIFA's president for a greater role scrutinizing future World Cup hosts.
Wenger takes swipe at World Cup teams 'focused on demonstrations'
Arsene Wenger said on Sunday that teams who focused on football rather than "political demonstrations" fared better in the opening round at the World Cup.
More than 500 Ukrainian localities without power: ministry
More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric grid, an interior ministry official said.
As chatbot sophistication grows, AI debate intensifies
California start-up OpenAI has released a chatbot capable of answering a variety of questions, but its impressive performance has reopened the debate on the risks linked to artificial intelligence (AI) technologies.
Russia denounces oil price cap agreed by EU, G7
Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited.
Scandal-hit S. African President Ramaphosa seeks to hang on to power
South Africa's President Cyril Ramaphosa, embroiled in scandal and under threat of impeachment, has no intention of resigning and will fight both politically and judicially, people close to him said Saturday.
Ukraine welcomes Russian oil price cap agreed by EU, G7
Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy.
On Ischia, illegal construction blamed for deadly landslide
Ischia, the little Italian island hit by a deadly landslide last weekend, is a victim of geography and weather but also of illegal construction, experts and politicians agree.
Global stocks mixed after strong US jobs data
Stock markets were mixed Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.
US green plan should be 'wake-up call' for EU industry: French minister
French Finance Minister Bruno Le Maire on Friday said Washington's $430 billion plan to spur climate-friendly technologies in the United States must be seen as a wake-up call for Europe.
Biden warns 'silence is complicity' after Kanye's Hitler outburst
President Joe Biden Friday called on US political leaders to denounce anti-Semitism, days after Donald Trump hosted a well-known Holocaust denier and the rapper Kanye West -- whose virulent outbursts culminated this week with praise of Adolf Hitler.
EU agrees to impose price cap on Russian crude
The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador to the bloc said Friday, three days ahead of an EU embargo on imports by sea.
Biden signs emergency law forcing US rail unions to accept wages deal
US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a salary deal, avoiding a possibly devastating strike -- but putting the pro-union Democrat in an awkward political position.
Austria must continue to cut Russian gas reliance: OMV CEO
Austria has cut its dependence on Russian gas but it must keep up efforts to diversify its supplies for the next cold season, the head of Austrian energy group OMV told AFP.
Biden signs emergency law forcing rail unions to accept wages deal
US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a salary deal, avoiding a possibly devastating strike -- but putting the pro-union Democrat in an awkward political position.
Ecuador seeks to protect unique Galapagos birds from flu
Ecuador has put in place a plan to try and protect its unique wild bird species on the Galapagos islands from the H5N1 virus also rampaging through Europe and North America.
European gas pipe dreams become reality in eastern France
Underneath the lush countryside in eastern France lie the pipelines expected to rescue Europe before a winter without Russian gas.
US hiring tops expectations in November as wages pick up
US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday.
Stocks fall after strong US jobs data
Stock markets fell on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.
Energy crisis driving climate-friendly power savings: IEA
Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday.
'No surrender': ragtag militia helps hold Ukraine line in Donbas
Underarmed and with limited ammunition, Volodymyr Regesha is adamant his volunteer battalion won't be joining the Ukrainian army even if it means taking their chances on the front.
European stocks, oil steady before US jobs data and OPEC
European stock markets and oil prices steadied Friday before key US jobs data and an oil output decision by OPEC and its Russia-led allies.
Musk's free speech absolutism 'a fantasy'
The limits of Elon Musk's self-professed "free speech absolutism" were laid bare, critics said, when he banned rapper Kanye West from Twitter over his latest anti-Semitic outburst on Thursday.