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EU to cut power use, levy energy companies
EU ministers on Friday agreed cuts to peak-hour power consumption and windfall levies on energy companies in an urgent effort to bring down sky-high energy prices.
Tobacco giant Altria ends non-compete accord with Juul
Tobacco giant Altria said Friday it ended a non-compete agreement with Juul, which is mired in a fight with a US agency over its ability to sell vaping products.
Key US inflation index shows signs of slowing in August
A closely-watched measure of US inflation showed the annual pace of price increases slowed slightly in August as energy costs fell and increases in food costs eased, according to government data released Friday.
Eurozone inflation jumps to record 10% as energy prices soar
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.
Clashes as Iran protests over Mahsa Amini death enter third week
Iranian security forces opened fire on angry protesters as street violence sparked by the death of Kurdish woman Mahsa Amini entered a third week on Friday, foreign-based opposition media reported.
UK teen died after 'negative effects of online content': coroner
A 14-year-old British girl died from an act of self harm while suffering from the "negative effects of online content", a coroner said Friday in a case that shone a spotlight on social media companies.
UK avoids recession in boost for under-fire Truss
Britain is not yet in recession, revised data showed Friday in a boost for under-fire Prime Minister Liz Truss, but its economy may still face a downturn on soaring interest rates.
Eurozone inflation jumps to record 10%
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.
Japan's digital minister says he's ready for a fight
Japan's media-savvy digital minister said Friday he's ready to take an iron-fisted approach to speed up the nation's slow embrace of online services at government offices and workplaces.
French economy minister 'worried' by British 'disaster'
France's economy minister said Friday that he was worried by the financial turbulence in Britain, criticising Prime Minister Liz Truss's economic policies for causing a "disaster" of high borrowing rates for her country.
Markets mixed after sell-off, sterling edges up after recovery
Markets in Asia and Europe were mixed Friday after another tough day on US trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.
Most markets drop again but sterling edges up after recovery
Most markets sank Friday after another tough day on US trading floors, with inflation continuing to soar and central bankers getting increasingly hawkish in their attempts to bring prices under control.
Genies not genius: Turkey's low-budget horror flicks boom
Kneeling before a chalk star outside his tumbledown house, an old man performs a ritual to rid himself of evil spirits -- which many superstitious Turks believe exist.
Victoria Beckham caps French makeover with Paris debut
Having turned to French experts to overhaul her struggling business, Victoria Beckham is seeking the highest validation of the fashion world with her first runway show in Paris on Friday.
China dips into pork reserves as rising prices fan inflation fear
China released more pork reserves Friday, state media said, after prices of the staple meat soared by almost a third, triggering inflation concerns.
Japan plans more stimulus to tackle inflation, low yen
Japan is preparing another round of economic stimulus measures, the government said Friday, as rising prices and the plummeting yen squeeze the world's third-largest economy.
Meta to freeze hiring to tighten budget: report
Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.
No timeframe for fixing Nord Stream pipelines: operator
Nord Stream's operator said Thursday it was unable to immediately assess damage to pipelines linking Russia to Europe, threatening an indeterminate outage -- after Sweden detected a fourth leak and NATO decried "acts of sabotage".
Women referees at World Cup in Qatar a 'strong sign'
The presence of three female referees at the World Cup in Qatar will send "a strong sign", said one of those women selected on Thursday.
Swiss court backs Lindt in chocolate bunny bust-up
Swiss luxury chocolatier Lindt & Sprungli has won its case against the local branch of budget supermarket chain Lidl over its similar-looking Easter bunnies, according to a court decision published Thursday.
Latin America bears brunt of land activist murders: NGO
More than three-quarters of the world's murders of environmental activists took place in Latin America last year, an annual review by watchdog Global Witness showed on Thursday.
UK PM vows to get borrowing 'back on track' after market turmoil over tax cuts
UK Prime Minister Liz Truss defended her tax-slashing plans Thursday but vowed to "get borrowing back on track", after nearly a week of silence when markets tanked and the Bank of England was forced into an emergency intervention.
European and US stocks tumble, pound rebounds
European and US equities sank Thursday on fears that rising interest rates will spark a global recession, while the pound clawed back ground one day after emergency bond-market intervention from the Bank of England.
BBC to cut hundreds of jobs at World Service
Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms, the broadcaster announced on Thursday, paring down its Iranian-language service among others.
Macron government lays out reform timeline amid strike
The French government vowed on Thursday to push through pension reform by the end of the winter despite fierce opposition from unions whose first major day of strikes failed to have much impact.
BBC announces job losses at World Service
Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting programme and move to digital platforms, the broadcaster announced on Thursday.
Fourth leak detected at Russian gas pipeline to Europe
A fourth leak has been detected in undersea gas pipelines linking Russia to Europe, the Swedish Coast Guard said Thursday, after explosions were reported earlier this week in what NATO called "reckless" sabotage.
Sterling, markets drop again as BoE boost wears off
The pound and European equities fell Thursday after the previous day's bank of England-fuelled rally, with investors growing increasingly worried about the UK economy as Prime Minister Liz Truss backed the controversial mini-budget that sparked turmoil across global markets.
Porsche ignites blockbuster IPO, defying market turmoil
Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe's biggest listings in years, leveraging its brand power to defy global market turmoil.
Equities pick up after BoE steps in, but pound resumes losses
Most Asian stocks bounced Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a financial catastrophe.
Five years on, how #MeToo shook the world
By forcing the world to wake up to the daily sexual abuse suffered by women, the #MeToo movement became a social revolution of historic importance. Its legacy is still being determined.
Joan of Arc becomes non-binary icon in London play
A new play in London has reinvented France's sainted Joan of Arc as a non-binary icon, who rejects female identity as they struggle to find a place in a man's world.
Hong Kong confirms November banking summit after ending quarantine
Hong Kong confirmed Thursday it will host an international banking summit in early November, days after it lifted mandatory quarantine rules for arrivals that have battered the city's reputation as a business hub.
Asian stocks pick up after BoE steps in, but pound rally wanes
Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.
Defying turmoil, Porsche to go 'full throttle' with blockbuster IPO
Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe's biggest listings in years, hoping its brand power can attract investors despite market turbulence.
Stocks rally with sterling after surprise move by Bank of England
Global stock markets rallied on Wednesday in volatile trading after a surprise intervention by the Bank of England pressured bond yields in Britain and the United States and lifted the pound.
Barbados wins first loan deal from IMF climate change fund
Barbados on Tuesday became the first country to secure agreement on a financing package under a new IMF fund aimed at helping low-income countries tackle the impacts of climate change.
Licence to bill: Bond's Aston Martin sells for nearly £3 million
A replica of an Aston Martin DB5 used for the stunts in James Bond blockbuster "No Time to Die" sold for nearly £3 million at auction on Wednesday, auction house Christie's said.
White House announces multi-billion dollar plan to attack obesity, hunger
The White House announced Wednesday billions of dollars in pledges from major corporations -- including the likes of fast food behemoth Burger King -- to craft a national strategy on ending the twin US challenges of hunger and obesity.