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Featured

US economic growth surges in 3rd quarter, highest rate in two years

US economic growth in the third quarter came in at 4.3 percent on an annualized basis, easily topping expectations, according to Commerce Department data released Tuesday.

Stocks slip on strong US growth data

Wall Street's main stock indices briefly slid lower on Tuesday as much stronger-than-expected US growth figures befuddled hopes for further interest rate cuts, while gold and silver struck fresh records.

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Blocked Russian payments: what impact for Moscow and creditors?

Russia acknowledged Monday that two interest payments on its debt didn't make it to creditors, an event which could be considered a default, even if Moscow disputes such an interpretation.

Sri Lanka suspends fuel sales as economic crisis worsens

Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened.

Credit Suisse fined over drugs gang money laundering

Credit Suisse, Switzerland's second-biggest bank, which has been rocked by a series of scandals, was slapped with a $2-million-fine Monday in a money laundering case linked to a Bulgarian cocaine network.

Stock markets extend recovery

Global stock markets mostly advanced on Monday, building upon last week's advances as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

UK MPs debate bill to override N.Ireland Brexit pact

British lawmakers were set Monday to take their first vote on a government bill to overhaul post-Brexit trade arrangements in Northern Ireland, despite EU warnings it is illegal and could spark a trade war.

Criminal lawyers in England and Wales stage pay strike

Senior criminal lawyers in England and Wales on Monday went on strike in a dispute over pay, just days after rail workers staged stoppages and other sectors threatened industrial action.

'Greenwashing': a new climate misinformation battleground

Fossil fuel firms are misleading the public about their moves to cut greenhouse gases and curb climate change -- and social media are hosting ads that perpetuate this "greenwashing", researchers say.

Sri Lanka electricity firm seeks 835% price rise

Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday.

Zelensky urges G7 to help end Ukraine war by winter

President Volodymyr Zelensky on Monday urged world powers to do their utmost to help end Russia's invasion by the end of the year, as G7 leaders planned new sanctions and vowed to support Ukraine "as long as it takes".

Russia denies defaulting on debts

Russia said Monday that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive.

Stock markets extend recovery as rate hike fears subside

Asian and European markets rallied Monday, building on last week's advances and following a strong pre-weekend performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

Vietnam halts scuba diving off popular island to protect coral

Vietnam has banned swimming and scuba diving at a popular central tourist spot in an attempt to revive its damaged coral reef, officials said Monday.

G7 to pledge fresh support for Ukraine as war rages

Leaders of the G7 were on Monday expected to announce new economic measures to tighten the screws on Moscow, as Ukrainian President Volodymyr Zelensky appealed for more help in fending off Russia's invasion.

Markets extend rally as rate hike fears subside

Asian and European markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

Stampede at New York Pride parade after fireworks mistaken for gunfire

A stampede occurred at a Pride parade in the US city of New York on Sunday, with hundreds of people attempting to flee after mistaking the sound of fireworks for gunfire, police said.

Zelensky to press G7 for more help as war rages

President Volodymyr Zelensky will urge world powers to step up their support for Ukraine when he addresses the G7 summit on Monday, as Kyiv reels from the first Russian strikes on the capital in weeks.

Abortion ban: one more obstacle faced by US servicewomen

Abortion bans enacted across America will be especially painful for women in the US military, one more hurdle they have to face in a man's world where sexual assault and unwanted pregnancies occur more often than in the rest of society.

In protest-hit Ecuador, shortages of key goods start to bite

Holding rotten peppers in her hands, Mariana Morales says she has been unable to open her stall at the Santa Clara market north of Ecuador's capital Quito for a week.

Police crack down on Istanbul Pride march, detain over 200

Turkish police on Sunday broke up a banned Pride march in Istanbul, detaining more than 200 demonstrators, organisers said.

Police break up Istanbul Pride march, detain over 200

Turkish police on Sunday broke up a banned Pride march in Istanbul, detaining more than 200 demonstrators and an AFP photographer, journalists and organisers reported.

G7 touts $600 bn global infrastructure plan to rival China

The G7 group of rich democracies on Sunday announced an attempt to compete with China's formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programmes in poor countries.

Russian strikes hit Kyiv as G7 meets

Russian strikes hit a residential building in Kyiv on Sunday in the first attack on the capital in almost three weeks, Ukraine said, calling for increased support from G7 leaders meeting in Germany.

Allies 'won't splinter' on Russia, Biden vows at G7

World powers on Sunday agreed to ban gold exports from Russia, kicking off a G7 meeting aimed at taking new steps to deplete Moscow's war chest and bolster Ukraine's defences.

Norway pays tribute to victims of Oslo shooting

Norway paid tribute on Sunday to the victims of a deadly shooting near a gay bar in the capital that shocked the normally peaceful country and led to the cancellation of a Pride march.

Bankrupt Sri Lanka seeks discounted Russian oil

Cash-strapped Sri Lanka on Sunday announced sending ministers to Russia and Qatar to try and secure cheap oil a day after the government said it had all but run out of fuel.

Russia strikes Kyiv residential building ahead of G7 summit

Russian strikes hit a residential building in Kyiv on Sunday, the first attacks on the capital in almost three weeks, sparking calls by Ukraine for more support from G7 leaders meeting in Germany.

Explosions rock Kyiv, as Russians 'fully occupy' Severodonetsk

Explosions rocked Kyiv Sunday morning, a day after a flurry of missiles struck targets across Ukraine and Russian troops "fully occupied" the key industrial hub of Severodonetsk.

Far from home, Russian exiles help Ukrainian refugees

Political science graduate Yevgeny Zhukov used to own a small coffee shop in Moscow, but when the war in Ukraine began he decided to pack up and leave.

Sri Lanka hikes fuel prices as US delegation arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis.

Sri Lanka hiked fuel prices as US delegation arrives