The US should continue tightening monetary policy to bring down inflation while assessing the impact of last month's financial turmoil on bank lending, a top Federal Reserve official said. "How much further will depend on incoming data on inflation, the real economy and the tightening credit conditions," Federal Reserve governor...

Equity markets rose, with Paris hitting a record-high, as investors reacted positively to easing inflation, recession concerns and some strong earnings. The dollar hit a year-low against the euro after official data this week showed high inflation slowing in the United States, fanning hopes the Federal Reserve would soon stop...

Countries must do more to avert the costly consequences of growing global trade fragmentation, and help avert a "second Cold War," the International Monetary Fund's managing director said. "I know what are the consequences of a Cold War: it is loss of talent and contribution to the world," Kristalina Georgieva...

US consumer inflation slowed in March lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy. The rate of inflation year-over-year fell to 5.0 percent last month from 6.0 percent in February, the smallest 12-month increase since May 2021, as per the Bureau of...

Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International Monetary Fund warned. China and the United States are responsible for the vast majority of the expected debt increase over the next five years, the head of the IMF's Fiscal...

The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to an adult film actress, told Fox News anchor Tucker Carlson that nothing would prevent him from running -- even a conviction. The interview, part two of which is expected to...

The proposed rules set aggressively low standards for emissions of greenhouse gases and criteria pollutants, which is expected to lead to further manufacturing and marketing of EVs amid already considerable investments announced by US and foreign carmakers.

In the wake of the fall of Silicon Valley Bank, the US Federal Reserve should be cautious in setting interest-rate policy. Chicago Fed president Austan Goolsbee said at a conference in Chicago that caution should be exercised until "we see how much work the headwinds are doing for us in...

The IMF predicted the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. The American economy is expected to grow by 1.6 percent in 2023, up 0.2 percentage point on IMP's previous forecast.

Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems built into the cars, a court filing contended. The suit accuses Tesla of negligence, fraud and privacy invasion.

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products. Temu topped US app download rankings in early April, a spot it...

US officials told that some documents appeared to be manipulated but many were consistent with CIA World Intelligence Review reports that are shared at high levels within the White House, Pentagon and State Department. "We have been in communication with the Department of Defense related to this matter and have...

Evan Gershkovich was formally charged with espionage by Russia, according to Russian news agencies, accusation rejected both by the reporter and his employer, the Wall Street Journal. The charges are the first of their kind in Russia since the collapse of the Soviet Union, sparking off an outcry from media...

US job gains eased in March for a second straight month, government data showed, adding to signs that the economy is cooling as policymakers push on in their fight against inflation. The country added 236,000 jobs in March, slightly less than expected, while the unemployment rate inched down to 3.5...

Experts say developing nations are struggling to find the funds needed to stop burning planet-heating fossil fuels and prepare for tomorrow's climate disasters, as they grapple with rising costs, soaring debts and extreme weather events. Reform plans are gaining momentum because they fill a "policy vacuum" over funding for the...

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund's managing director warned. "With rising geopolitical tensions and high inflation, a robust recovery remains elusive," Kristalina Georgieva said in remarks ahead of the IMF and...

London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets are drifting as investor thoughts start to turn towards the scale of severity, as the likelihood of a recession later in the year in the US increases," said Richard Hunter,...

TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace process, one year after a United Nations-brokered truce dramatically reduced fighting.Diplomatic efforts to resolve the conflict have multiplied since the Yemeni government's main foreign backer Saudi Arabia signed a Chinese-brokered...

Asian indices drifted after losses on Wall Street, as data showing a softening in the US jobs market pointed to a slowdown in the world's biggest economy. Oil dipped, having spiked earlier this week following shock output cuts from OPEC+ crude producers.

New York, United States--US pharmaceutical giant Johnson & Johnson on Tuesday proposed an $8.9 billion settlement to resolve years-old lawsuits claiming that its talcum powder products caused cancer.The New Jersey-based company said the proposed settlement, which still needs the approval of a bankruptcy court, "will equitably and efficiently resolve all claims...

Former US president Donald Trump is charged with 34 felony counts of falsifying business records stemming from three pre-election hush-money cases. A New York judge released Donald Trump from custody without any pre-trial restrictions at a historic arraignment.

Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the business, the firm said in a statement. The California-based company said last week it was laying off 85 percent of its employees to reduce expenses due to its inability to...

A joint statement issued after the tenth US-EU Energy Council in Brussels said competitive, liquid and transparent global energy markets remain critical to ensuring a reliable, sustainable, affordable, and secure energy supply for Europe to serve the transition to climate neutrality. The Council asked Russia to withdraw its forces from...

The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar are "in the interests" of global markets. The surprise move on Sunday came as oil prices have cooled in recent months after soaring last year following the start of the...

BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry said Monday was intended to "safeguard national security".The probe escalates an already fierce battle between Beijing and Washington for supremacy in the field of semiconductors as broader bilateral relations continue...

Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total more than one million barrels per day -- the biggest reduction since the OPEC+ cut 2 million bpd in Oct. A Saudi official called it a measure "aimed at supporting...

Geneva, Switzerland -- The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across the world, the SonntagsZeitung weekly reported on Sunday.The takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown,...

The country sees 3.6 million eviction cases filed in a typical year, said Peter Hepburn, associate director of Eviction Lab at Princeton University. But that number slowed to a trickle during the pandemic. Now, with Covid-era legal protections and assistance lifted, it is surging again, Eviction Lab's figures show.

Washington, United States--President Joe Biden on Friday called for Russia to release Wall Street Journal reporter Evan Gershkovich, who is being held on espionage charges, while rebuffing a call from the paper's editorial board to expel Russian journalists from the United States.Asked by White House reporters what his message was to...

Abu Dhabi, UAE -- The Central Bank of the UAE Friday revoked the license of Russia's MTS Bank's, which was granted last year.The bank said that under its supervision, the operations of MTS bank, which is licensed in Abu Dhabi, would be wound down within six months. Revocation of MTS's...

Its net profit recorded a drastic drop to US$5.2 billion.

Two weeks after President Recep Tayyip Erdogan publicly backed its bid, Turkish lawmakers unanimously supported Finland's membership of the US-led defense alliance after the Russia's invasion of Ukraine. Turkey was the final NATO nation to ratify the Nordic country's accession, which NATO chief Jens Stoltenberg said will make the "NATO...

Riyadh, Saudi Arabia -- Saudi Arabia has agreed to join the Shanghai Cooperation Organization as a "dialogue partner", state media reported on Wednesday, the latest indication of closer political ties with China.The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions.Besides China,...

The Senate report "describes legacy issues, some from a decade ago," which the bank has sought to address by implementing extensive enhancements "to root out individuals who seek to conceal assets from tax authorities," it said.

Palaeontologist Thomas Holtz terms it "misleading" to combine multiple real bones from different individuals to create a single skeleton.

A fire believed to have been started by migrants protesting against their deportation killed at least 38 people at a Mexican immigration detention center near the US border, authorities said Tuesday, prompting demands for justice. UN Secretary-General Antonio Guterres called for a "thorough investigation" into the fire.

Washington, United States--US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier this month, despite knowing it was over-exposed to the risk of rising interest rates.The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about...

The charge sheet accuses Binance of failing to uphold standards that are required of a company operating as a derivatives market and dealing with major US trading companies. Since July 2019, "Binance's compliance program has been ineffective," the statement said.

The White House said commercial spyware poses a distinct intelligence threat to the United States and has been found on the phones of 50 US officials overseas. In addition, a number of foreign governments have used it "to facilitate repression and enable human rights abuses."

Moscow, Russia--Russian President Vladimir Putin said Saturday he would deploy tactical nuclear weapons in neighbour and ally Belarus, bringing the arms to a country at the gates of the European Union.Putin has previously issued thinly veiled warnings that he could use nuclear weapons in Ukraine if Russia were threatened, reviving Cold...

The Britain-based Observatory, which has a wide network of sources on the ground, said 19 people were killed in the first wave of US strikes: three Syrian soldiers and 16 members of Iran-backed militias. After the strikes, Biden sought to lower the temperature saying the US "does not seek conflict...

Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education.

Ottawa, Canada--US President Joe Biden on Friday said he believed China has not sent arms to Russia after President Vladimir Putin's forces invaded Ukraine."I've been hearing now for the past three months (that) China is going to provide significant weapons to Russia... They haven't yet. Doesn't mean they won't, but they...

Face-to-face talks between Biden and Trudeau covered a range of areas where both sides are pushing for improvements. A joint statement said that Biden and Trudeau agreed to modernizing their countries' joint air defense alliance, NORAD, with Canada putting billions of dollars into improved radar and fighter aircraft infrastructure.

New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a key  tuberculosis treatment, allowing local companies to make cheaper generic versions.India accounted for nearly 29 percent of 10.6 million tuberculosis cases worldwide, according to the World Health Organization’s (WHO) 2022...

Defense Secretary Lloyd Austin said Thursday that at the direction of President Joe Biden, he had authorised "precision airstrikes tonight in eastern Syria against facilities used by groups affiliated with Iran's Islamic Revolutionary Guard Corps." When the strikes were announced, Biden had already travelled to Canada, where he is set...

Putin called the talks with Chinese president "meaningful and frank" and said that Russia, which has been largely cut out of European markets because of sanctions, would be able to meet China's "growing demand" for energy. Xi's trip coincides with a surprise visit to Kyiv by Japanese Prime Minister Fumio...

The inaugural $600m sukuk saw orders of over $2.2 billion.

Donald Trump called on his supporters to "protest, take our nation back", as he expects to be arrested over an alleged hush-money payment made to a porn star in 2016. Amid growing signs of prosecutors moving closer to an indictment, the 76-year-old billionaire said on his Truth Social platform that...

The Swiss National Bank (SNB) and financial markets watchdog FINMA told their US and British counterparts their "plan A" to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. The Swiss central bank "wants the lenders to agree...