A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500 index to its first new all-time high since early 2022 thanks to bets on lower borrowing costs this year.

It will meet growing demand for internet services in the region.

Tata Steel employs about 8,000 staff in the United Kingdom.

While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly with tensions in the oil-rich Middle East showing no sign of calming.

In Asia, Tokyo rose for a sixth successive day to build on last week's advances, which saw the Nikkei break above 35,000 points for the first time since 1990 thanks to a revival of Japanese inflation and a weaker yen that helps exporters.

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships in the Red Sea, fueling worries about a wider conflict. Tokyo and European stock markets ended the week with gains as traders brushed off data showing US inflation rose more...

The focus is on an asthma medication still at the testing stage.

Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central banks prepare a series of interest-rate cuts as inflation cools. Oil prices rallied 2.5 percent on supply concerns after Iran dispatched a warship to the Red Sea in response to...

The takeover was finalized for an undisclosed amount.

Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin Salman at Lancaster House Palace in London on Thursday. Upon Prince Khalid bin Salman's arrival, a formal reception ceremony was held, featuring a review of the guard of honor, Saudi...

London, United Kingdom - On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his next job by bike. Trades such as his used to rely on vans but many are now choosing to do more business using two or sometimes three wheels. Since switching...

Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels. US stocks sought to continue last week's rally on expectations the Federal Reserve will cut interest rates next year, though it appears to have lost steam...

London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps said on Saturday, amid rising maritime tensions in the region. Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to...

Tzipi Hotovely told Sky News that she did not believe in the long-standing position of the UK government and the United Nations that an independent Palestinian state should be established.

The impairment charge sent BAT shares sinking 7.6 percent.

LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly finding ways to deliver crude at prices above the $60 limit. The cap, jointly imposed on December 5, 2022 by the European Union, Australia and the Group of Seven rich...

The aim is to stimulate the growth of the halal industry.

LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category B membership for the fourth term with the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections. Through its landmark initiatives, the...

DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group in London, the UAE delegation has displayed the country’s contributions to the sector that have influenced the industry globally. Boasting a rich maritime history and a coastline of 1650 kilometers,...

Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub leaves Qatar as its biggest shareholder. Ferrovial said it was offloading its 25 percent stake for nearly US$3 billion, with the other 15 percent going to...

Spanish energy company Iberdrola announced £7 billion of funding for offshore wind infrastructure while US tech giant Microsoft plans to invest £2.5 billion in artificial intelligence (AI) infrastructure, including data centers.

Stock markets were mostly in wait-and-see mode as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates. Oil prices slid nearly two percent before cutting their losses as dealers awaited a delayed meeting of OPEC and its allies to...

London, United Kingdom - Irish author Paul Lynch won the 2023 Booker Prize for fiction on Sunday for his novel "Prophet Song," organizers announced during a ceremony in London. Lynch pipped five other shortlisted novelists to the prestigious award for his dystopian work about an Ireland that descends into tyranny. The...

The profits nearly doubled on solid demand for cancer treatments.

Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle. After a tough year for traders, the bank's decision last week to pause on monetary...

Global outcry mounts as thousands protest in the US, UK, France, and Germany, defying their governments' support for Israeli aggression and demanding ceasefire in Gaza.

Courses are not the subject of walking tour, which instead focuses on "difficult legacies" -- a burning issue brought to the fore in the UK since Black Lives Matter anti-racism protests.

The oil giant had posted a net loss of $2.2bn the previous year.

London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as it seeks to quickly boost energy security, but the announcement angered environmentalists. The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy...

Oil slid but most world stock markets rose in anticipation of a raft of strong US corporate earnings, even as economic and geopolitical fears still dog sentiment ahead of this week's eurozone interest rate decision. Volatile US Treasury yields had affected stock trading on Monday in the United States.

British Steel is battling losses of $36 million a month.

Demonstrators held signs reading "Freedom for Palestine", "Stop Bombing Gaza" and "End Israeli Apartheid". Many waved Palestinian flags and some chanted "5, 6, 7, 8, Israel is a terrorist state" and "Free Palestine". Since shock Hamas attacks, Israel has launched devastating air and ground bombardments of Gaza., killing some 4,385...

The no-frills airline will buy 157 aircraft from Airbus.

"Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary," said analyst Craig Erlam at trading firm OANDA.

The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade, suggesting doubts about prospects for growth and corporate earnings. The yield on the benchmark 10-year Treasury bond has reached the highest level since 2007 -- the beginning of two years...

Activision Blizzard makes popular games like "Call of Duty".

"Just as we stand together against military aggression, so must we strive together to protect the world from our most existential challenge of all -- that of global warming, climate change and the catastrophic destruction of nature," said the king, known for campaigning on environmental issues for the past decades.

Global stocks sank after the US Federal Reserve hinted it could hike interest rates again this year to tame inflation and other central banks warned they were not done either. London stocks bucked that trend, however, after the Bank of England held interest rates steady after 14 hikes.

LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with Prime Minister Rishi Sunak expected to water down some of the government's green commitments. The move comes amid growing concern over the potential financial cost of the government's policies to...

London, United Kingdom - Liverpool boss Jurgen Klopp insists he is not worried about the potential for renewed Saudi Arabian interest in Mohamed Salah when the January transfer window opens. Salah was reportedly the subject of a £150 million ($185 million) bid from Saudi Pro League side Al-Ittihad before the Premier...

It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase the prices paid by advertisers for their prominence on the Google search page.

London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League. The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at the club managed by Steven Gerrard. Gray's departure...

LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on Friday Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made...

London, Britain - The Biden administration has implemented restrictions on the sale of Nvidia's advanced microchips to certain Middle Eastern countries, citing rising worries about China's access to crucial artificial intelligence resources, Telegraph reported on Wednesday.  Nvidia, a tech giant valued at $1.2 trillion, has been directed to obtain permission...

The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide will be banned in the French capital on Sept 1.

A previous version of the acquisition deal was blocked.

The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news, as there was no fresh news that went against the slowing China rhetoric" or indication of a possible shift in policy by US monetary policymakers, said Swissquote Bank analyst Ipek...

The merger is expected to be completed by the end of Oct.

European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris stocks were up by more than one percent, with both Frankfurt and London also pushing higher. Market sentiment has taken a hammering this month by a string of weak data...

Moscow, Russia - Moscow has expanded its stop-list as a retaliatory measure barring 54 UK citizens from entering Russia, the Russian Foreign Ministry said, quoted by Russian news agency TASS. The list now includes Lucy Frazer, UK secretary of state for digital, culture, media and sport, "who is promoting Russia’s...