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Featured

Investors watching for Santa rally in thin pre-Christmas trade

Stock markets steadied Wednesday in thin Christmas Eve trade while gold and silver prices struck fresh highs.

Why metal prices are soaring to record highs

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Last news

OPEC backs bigger output boost amid Russian isolation

Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and hard on the heels of an EU ban on Russian oil imports.

Eurozone markets rise as oil prices fall on production increase reports

Eurozone markets rose Thursday as oil prices fell on reports of an increase in output to make up for a Russian shortfall.

Amazon to close Kindle e-bookstore in China

US tech giant Amazon said Thursday that it will stop operating its Kindle e-bookstore in China from next year, closing the chapter on a massive consumer market.

Gunman kills four at Tulsa hospital in US mass shooting: police

A gunman has killed at least four people at a hospital building in Tulsa, Oklahoma, police said -- the latest in a string of mass shootings across the United States in recent weeks.

China to double wind, solar energy capacity by 2025

China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security.

Italy's 'Motor Valley' proves fertile ground for supercars

If Tuscany has Chianti, the Italian region of Emilia-Romagna has "Motor Valley", an area that boasts one of the highest concentrations of luxury sports cars and motorbikes in the world.

US equity firm takes stake in New Zealand's All Blacks

US private equity firm Silver Lake secured a NZ$200 million (US$134 million) stake in the famed All Blacks Thursday, after New Zealand Rugby overwhelmingly endorsed a contentious deal after years of wrangling.

Asian markets drop on recession fears, output report drags oil down

Equities fell in Asia on Thursday as traders grow increasingly worried that central bank moves to rein in inflation could tip economies into recession.

US equity firm wins stake in New Zealand's All Blacks

US private equity firm Silver Lake on Thursday secured a NZ$200 million (US$134m) stake in the famed All Blacks, with New Zealand Rugby overwhelmingly endorsing the deal.

Russia braces for economic upheaval as sanctions start to bite

At his garage in the south of Moscow, 35-year-old mechanic Ivan is starting to worry.

Gunman kills four at Tulsa hospital in new US mass shooting: police

A gunman killed at least four people Wednesday at a hospital campus in Tulsa, Oklahoma, police said, the latest mass shooting to convulse America coming as Texas families bury their dead after a school massacre barely one week ago.

Biden defends his handling of spiraling US baby formula crisis

US President Joe Biden defended his handling of a spiraling baby formula supply crisis Wednesday, insisting at a meeting with infant food executives that the White House is doing all it can.

Global stocks mostly fall on inflation worries as dollar gains

European and US stocks slipped on Wednesday, while the dollar rallied as traders digested data indicating that inflation shows no sign of easing.

Unprecedented water curbs kick in for drought-hit Los Angeles

Unprecedented restrictions on water usage went into effect Wednesday in the Los Angeles area, which like most of California is in the grip of severe drought for the third consecutive year.

Sheryl Sandberg, key executive at Facebook's Meta, to step down

Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.

Biden takes aim at inflation but short on weapons

US President Joe Biden has launched a battle against soaring prices as he tries to claw back waning public support ahead of key congressional elections, but is finding he has few tools to defuse sky-high inflation.

Biden meets CEOs on US baby formula crisis

US President Joe Biden on Wednesday held a baby formula summit at the White House with advisors and executives from five manufacturers to discuss ways to end a nationwide shortage of the staple infant food.

US firms fret about high prices, wages but see signs of easing: Fed

Solid growth continued across the United States, even as firms faced an ongoing struggle with a worker shortage and rising prices, although there were some tentative signs the tide may be turning, the Federal Reserve said Wednesday.

Canadian 'Instapoet' Rupi Kaur tackles censors -- on and offline

From a run-in with Instagram over a picture of menstrual blood, to a push to ban her books from American schools -- Canadian poet Rupi Kaur has knocked heads with would-be censors since bursting onto the global literary scene.

Racists trolls are not real 'Star Wars' fans: Ewan McGregor

Ewan McGregor hit back Wednesday at people targeting fellow "Star Wars" actor Moses Ingram with racist abuse, saying they are not true fans.

EU says Croatia ready to adopt euro in 2023

The European Commission said Wednesday that Croatia had met all the criteria to join the eurozone, paving the way for the country to become the single currency's 20th member on January 1.

Russia seeks to 'minimise' effects of EU oil ban, gas exports down

Russia said Wednesday it was moving to limit the damage from an EU oil ban as its other key energy export, gas, has fallen after President Vladimir Putin sent troops to Ukraine.

Women's matches less appealing than men's at French Open, says Mauresmo

French Open tournament director Amelie Mauresmo said Wednesday that women's matches had less appeal than men's at Roland Garros, an opinion dismissed as "surprising and disappointing" by world number one Iga Swiatek.

Jubilee boost then brake predicted for UK economy

Queen Elizabeth II's Platinum Jubilee should provide a boost to Britain's beleaguered retail and tourism sectors, but could also then slow the stuttering economy, analysts said on Wednesday.

Women's matches less appealing at French Open, says Mauresmo

Former world number one and two-time Grand Slam title winner Amelie Mauresmo said Wednesday that women's matches had less appeal at the French Open when it came to controversial night session scheduling.

US, Taiwan launch trade talks in challenge to China

The United States and Taiwan launched talks on Wednesday aimed at deepening their trade ties, in a clear challenge to Beijing.

Markets waver on inflation worry; oil rebounds from losses

Asian and European stock markets wavered on Wednesday, as traders digested Wall Street losses and data showing that runaway inflation shows no sign of easing.

Danes begin voting on joining EU's common defence policy

Traditionally eurosceptic Denmark began voting Wednesday in a referendum on whether to overturn its opt-out on the EU's common defence policy after Russia's invasion of Ukraine.

US investment fund RedBird to buy Serie A champions AC Milan

AC Milan said Wednesday that its current owners, investment fund Elliott Management, have agreed to sell the newly-crowned Italian A champions to rival fund RedBird for 1.2 billion euros ($1.3 billion).

Asian markets mixed on inflation worry, oil bounces after drop

Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.

Singaporeans in a flap at Malaysian chicken export curbs

Long queues at stalls selling a popular chicken dish, increasing prices and warnings about supply disruptions -- Singaporeans are in a flap due to curbs on poultry exports from neighbouring Malaysia.

Asian markets mixed on inflation worry, oil edges up after drop