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European, US markets wobble awaiting Santa rally

European and US stocks bounced around Monday as investors waited to see if a so-called Santa Claus rally sweeps over the market.

Volkswagen boss hails cost-cutting deal but shares fall

Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday.

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Krakatoa Jardim Becomes the First Official Distributor of SYNLawn in Portugal

Krakatoa Jardim, a garden construction and maintenance business, announced it has joined the global network of distributors of SYNLawn, an international manufacturer and innovator of bio-based artificial grass. As an official and exclusive distributor of SYNLawn in Portugal, the company will carry SYNLawn's premium line of synthetic turf and surfacing products.

Nasdaq surges above 20,000 after US inflation data matches estimates

American and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the US Federal Reserve will trim interest rates next month.

US-China officials to hold economic talks before Trump return

Economic officials in outgoing President Joe Biden's administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump's White House return.

Stocks mostly rise as US inflation data boosts rate cut hopes

US and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.

EU conservatives seek to stall 2035 combustion engine ban

The largest group in the European Parliament, the conservative EPP, joined calls Wednesday to "reverse" a ban on combustion engine vehicles starting in 2035, citing the struggles of the automotive industry.

Canada central bank makes half point rate cut to 3.25%

Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.

Google unveils latest AI model, Gemini 2.0

Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to date, as the world's tech giants race to take the lead in the fast developing technology.

US consumer inflation rises for second straight month in November

US consumer inflation ticked up for a second consecutive month in November, driven by housing and food prices among other sectors, according to government data published Wednesday, complicating the Federal Reserve's rate cut deliberations.

Stocks struggle for direction before US inflation data

Stock markets struggled for direction Wednesday as traders awaited key US inflation data with the Federal Reserve expected to cut interest rates next week.

Balkan journalists battle deluge of malicious lawsuits

Serbian journalist Radmilo Markovic has gone over every full stop and comma of an article about the powerful mayor of Belgrade that has landed him in court.

Indonesia's new coal phase-out goal sets 'daunting task'

Meeting Indonesia's pledge to phase out coal power in just 15 years and reach net-zero emissions by mid-century is a "daunting task" that will require immediate and ambitious action, experts warn.

Argentina's Milei touts US trade deal, says 'happy times' ahead

Argentine President Javier Milei promised Tuesday that inflation will soon be "little more than a bad memory" and vowed to pursue a free trade deal with the United States next year.

Asian markets mixed ahead of US inflation data, eyes on China

Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.

Ecuadoran workers accuse 'monster' Japanese company of exploitation

Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country's constitutional court ruled the firm kept its staff in a slave-like setting.

Nippon Steel slams 'inappropriate' politics in US deal

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

Global stocks mostly fall ahead of ECB, US inflation data

Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Biden says Trump economic plan will be 'disaster'

Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy.

New York appeals dismissed PepsiCo plastic pollution suit

New York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.

US disburses $20 bn Ukraine loan backed by profits from Russian assets

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

World stock markets diverge as rate calls loom

Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Airlines chief says jet manufacturers need to deliver

World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.

Boeing resumes production at Seattle plants after strike

Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region.

World stock markets mixed as rate calls loom, geopolitics weighs

Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

US firms up $6.2 bn Micron funding to boost chipmaking

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

UK pledges to cut government spending waste

UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste.

Air passenger numbers to top five billion in 2025: IATA

Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.

'Huge demand': Portugal dreams of becoming medical cannabis hub

"We should be the new El Dorado of medical cannabis production," said agronomist Jose Martins as dozens of workers harvested marijuana in bright sunshine at a farm in southeastern Portugal.

China's Xi warns 'no winners' in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

The trial of a king: ancient royal ritual in Cameroon promotes peace

Chatter muffled as members of a secret society, masked and garbed in honey-coloured robes, entered the court of Foumban, the historic capital of a centuries-old kingdom nestled in hilly northwestern Cameroon.

Hong Kong, Shanghai rally on China optimism as Seoul rebounds

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.

Murdoch loses 'Succession' battle for son's control of media empire: report

Rupert Murdoch's audacious bid to cement his eldest's son's control over one of the world's most influential media empires has failed, a US report said Monday.

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