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IMF raises global growth outlook and flags rising economic divergence
Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.
London, Frankfurt hit record highs as global equities rally
London's benchmark FTSE 100 and Frankfurt's DAX 40 index reached all-time highs Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy.
EU deepens probe into X after Musk outbursts
The EU on Friday demanded X provide more details about its algorithms as part of its wide-ranging probe into the platform, as Elon Musk's outbursts on European politics ramp up pressure for the bloc to act.
London stock market hits record high as global equities rally
London's benchmark FTSE 100 index reached an all-time high Friday as global equities rallied and the dollar climbed on renewed optimism for the global economy.
'No money': gloom on Beijing streets as economic growth slows
Consumers pinching pennies, businesses seeing fewer customers, and a pervading sense that the economy just isn't bouncing back -- the mood was grim in Beijing as China posted some of its lowest growth in decades.
Nintendo shares tumble as Switch 2 teaser disappoints
Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.
China says population fell for third year in a row in 2024
China said Friday its population fell for the third year running in 2024, extending a downward streak after more than six decades of growth as the country faces a rapidly ageing population and persistently low birth rates.
Asian traders give mixed reaction as China's economic growth slows
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
Chinese economic growth among slowest in decades
China recorded one of its slowest rates of economic growth in decades last year, data showed Friday, as leaders nervously eye a potential trade standoff with incoming US president Donald Trump.
Nintendo shares tumble as Switch 2 preview disappoints
Nintendo shares tumbled more than six percent Friday after the Japanese games giant failed to impress with a brief video preview of its new Switch 2 console.
Insurance access for US homeowners with higher climate risks declines
Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance, a Treasury Department report released Thursday said.
Wall Street rally loses steam as European luxury shares advance
Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.
China set to post sluggish growth as doldrums deepen
China is set on Friday to post some of its weakest growth in decades, as leaders grapple with economic doldrums and nervously eye a potential trade standoff with incoming US President Donald Trump.
Surf star Slater pays tribute as Quiksilver co-founder Green dies
Surf star Kelly Slater paid tribute on Thursday to Alan Green, the man who launched his career, after the co-founder of the iconic Quiksilver brand died aged 77.
LIV Golf sign United States broadcast deal with Fox Sports
LIV Golf has signed a multi-year broadcast deal in the United States with Fox Sports, the first time the Saudi-backed league will be shown on mainstream sports television in the game's biggest market.
Slovak entrepreneur funding rescue of German flying taxi startup
A Slovak entrepreneur is providing most of the funds to rescue a German flying taxi startup that came close to collapse last month, the firm's new backers said Thursday.
French researchers aim to ease X refugees' path with 'HelloQuitX'
French researchers have developed an application to help users migrate their whole online community from Elon Musk's X to rival social platforms such as Bluesky or Mastodon.
China property giant Vanke's CEO 'taken away' by police: report
The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.
Oil giant BP cuts thousands of jobs to slash costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.
EU announces 120 mn euros in Gaza aid after ceasefire
The EU said Thursday it would deliver 120 million euros ($123 million) in new aid for war-torn Gaza, a day after the announcement of a ceasefire and hostage release deal.
Stock markets jump as inflation worries ease
Stock markets jumped Thursday after below-forecast US inflation data provided a much-needed shot of relief to investors and revived hopes of further cuts to interest rates.
China to probe US chips over dumping, subsidies
China said Thursday it would launch a probe into US exports of chips used in everything from cars to home appliances over concerns about alleged dumping and subsidies.
India's outcast toilet cleaners keeping Hindu festival going
Millions of pilgrims hoping to cleanse their sins by ritual baths at India's Kumbh Mela festival rely on key lavatory workers to clear up behind them -- those born on the lowest rung of the Hindu caste system.
Apple loses top spot in China smartphone sales to local rivals
Apple lost its status as the best selling smartphone brand in the crucial Chinese market last year, new data showed Thursday, with a pair of local rivals surpassing it with surging shipments.
Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant
Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.
UK economy rebounds but headwinds remain for govt
Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds.
Stocks follow Wall St higher on welcome US inflation data
Markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.
Chinese give guarded welcome to spending subsidies
Beijing is hoping subsidies for rice cookers, microwave ovens and smartphones can boost sluggish spending and help the country weather an economic storm from incoming US president Donald Trump.
World Bank plans $20 bn payout for Pakistan over coming decade
The World Bank plans to loan cash-strapped Pakistan $20 billion over the coming decade to nurture its private sector and bolster resilience to climate change, Prime Minister Shehbaz Sharif said.
Indian Bollywood star Saif Ali Khan stabbed in burglary
Indian Bollywood star Saif Ali Khan underwent surgery Thursday after he was repeatedly stabbed in an apparent burglary at his home in Mumbai, his public relations team said.
Taiwan's TSMC says net profit rose 57% in fourth quarter
Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.
Herbicide under US scrutiny over potential Parkinson's link
First came the slow hand movements, then the tremor, and now the looming fear of what lies ahead.