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Stocks and dollar fall as Democratic election gains reshape markets

HONG KONG: Asian stocks fell along with the dollar on Wednesday as Democrats made big early gains in the US midterm elections and looked set to take control of both houses of Congress, which analysts said could lead to gridlock in Washington. Tens of millions of Americans voted in elections seen as a referendum on Donald Trump’s presidency, amid anger over soaring fuel prices, tariffs and the Iran war.

Qatar Tourism joins Pacific Asia Travel Association at London travel market

Qatar Tourism has joined the Pacific Asia Travel Association (PATA) as a destination member, strengthening its international industry engagement and creating further opportunities for collaboration with tourism stakeholders across the Asia Pacific region. The membership was formalised at a signing ceremony at the Qatar Pavilion during World Travel Market (WTM) London 2026.

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Deep sea mining opponents suffer major setback

Opponents of deep sea mining suffered a serious setback Friday when they failed to take a first step toward an international moratorium on the controversial practice.

Stocks fall over US recession fears

Global stocks closed the week on a downcast note Friday after poor US jobs data stoked recession fears while Japan's Nikkei tumbled on a resurgent yen.

US lawsuit says TikTok violated young users' privacy

The United States sued TikTok on Friday, saying it had placed the safety of millions of children in jeopardy by collecting their personal data without parental permission.

US accuses TikTok of violating children's privacy

The United States in a lawsuit on Friday accused TikTok of violating children's privacy by collecting data about them without their parents' permission when they use the app.

US hiring slows markedly while unemployment highest since 2021

The US jobs market cooled much more than expected in July with unemployment reaching its highest rate since 2021, government data showed Friday, fueling calls for interest rate cuts as high levels bite.

Stocks sink over US recession fears

Stock markets tanked on Friday over fears the United States could be heading towards recession after data showed the US jobs market cooled much more than expected in July.

Gloves are off: explaining the Olympic boxing gender scandal

A scandal has engulfed the boxing at the Paris Olympics after an Algerian in the women's competition who previously failed a gender eligibility test stopped her opponent in 46 seconds.

US extends hiring cooldown while unemployment highest since 2021

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.

ExxonMobil profits up after Pioneer deal, Chevron earnings dip

US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results.

ExxonMobil profits up on higher output after Pioneer deal

US oil and gas giant ExxonMobil reported higher profits Friday on record oil and gas production following the acquisition of Pioneer Natural Resources, offsetting sharply lower downstream earnings.

The gloves are off: explaining the Olympic boxing gender scandal

A scandal has engulfed the boxing at the Paris Olympics after an Algerian woman boxer who previously failed a gender eligibility test stopped her opponent after 46 seconds.

Tokyo spearheads equities selloff on US recession fears

Tokyo tanked Friday as it led losses across Asia due to a stronger yen and expectations for more Japanese rate hikes, with equities also slammed after weak data sparked fears of a US recession and a plunge on Wall Street.

AC Milan new maternity policy includes contract renewals

AC Milan announced on Friday a new maternity policy that guarantees automatic renewals in the final season contracts of its women's team, calling it a first among Europe's elite clubs.

Tokyo plunges as equity markets track Wall St on recession fears

Tokyo tanked as it led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.

South Africa makes opera its own at home as its stars shine abroad

South African opera has developed its own uniquely local style -- both in the make-up of its casts and its dramatic themes -- in the three decades since the end of apartheid, experts argue.

Japan sees hottest July since records began

Japan sweltered through its hottest July since records began 126 years ago, the weather agency said, as extreme heatwaves fuelled by climate change engulfed many parts of the globe.

Tokyo tanks as Asian markets track Wall St down on recession fears

Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.

Japan schoolkids wilt in under-insulated classrooms

Pupils are wilting in ageing school buildings in Japan because poor insulation is cancelling out the effect of air conditioning, leading to drowsy kids and testy teachers.

Intel says it will slash workforce to cut costs

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.

Amazon quarterly profit doubles as cloud business grows

Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business.

British Airways parent IAG drops bid for Air Europa

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".

Edinburgh Fringe play reimagines JK Rowling trans row

A new play criticising Harry Potter author J.K. Rowling's views on transgender issues comes to the Edinburgh Festival Fringe on Thursday.

Wall Street stocks rise on Meta results, US rate cut hopes

Wall Street's main indices rose Thursday as investors welcomed strong earnings by tech titan Meta and basked in economic data that favours a September cut in US interest rates.

French cabbies seek payout for lost Olympics revenue

French taxi drivers on Thursday demanded government compensation for lost revenue during the Olympic Games as traffic disruptions and fewer regular clients weigh on demand.

Maersk ups profit target by $2bn on Red Sea shipping woes

Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea.

Bank of England cuts rate for first time since pandemic

The Bank of England on Thursday cut its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months.

BP to develop new oil and gas fields in Iraq

Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk.

Olympics tech partner Atos posts huge loss

Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas.

South Korea union pickets outside Samsung chairman's house

Leaders of a South Korean union representing tens of thousands of workers at Samsung Electronics staged a protest Thursday outside the house of the company's chairman and heir, after fresh negotiations failed.

Weak yen helps Toyota compensate for Japan problems

Toyota reported a modest rise in first-quarter net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market.

Bank of England to finally cut interest rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

'Low-emissions' food leaves some Paris Olympics athletes craving meat

An ambition from Paris Olympics organisers to cut the carbon footprint of catering at this year's eco-friendly Games has run into a problem: the huge appetites of meat-loving athletes.

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Arizona Tribune - Economy (English)