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US Fed chair leaves door open to rate cut as Trump steps up pressure
US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, as he faced down President Donald Trump's intensifying pressure on the central bank.
Wall Street rallies as Fed chief fuels rate cut hopes
Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest rates.
US Fed chair leaves door open to rate cut, facing down Trump pressure
US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, although he warned that risks of higher inflation and a weakening jobs market add up to a "challenging situation."
Australian Rules player body urges 'united approach' after homophobic slur
The union that represents Australian Rules players on Friday called for a "more effective and united approach" to tackling homophobia with the sport embroiled in yet another ugly scandal.
Pressure on Merz as Trump tariffs hit German economy
Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.
Australia orders audit of crypto trading giant Binance
Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external auditor after identifying "serious concerns" with its money laundering and terrorism financing controls.
Japan city proposes two-hour daily smartphone limit
A Japanese city will urge all smartphone users to limit screen time to two hours a day outside work or school under a proposed ordinance that includes no penalties.
US wine sellers left in limbo despite EU tariff deal
At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- and soon, pricier for customers to buy, the owner says -- thanks to a resident just down the road in the White House.
Under Trump pressure, US Fed chief to walk tightrope in speech
US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data.
Nvidia chief says H20 chip shipments to China not a security concern
Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's chief said Friday.
Rice prices up 91 pct year-on-year in Japan
Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase slowed from previous months offering some relief for Prime Minister Shigeru Ishiba.
Asian markets tick up as investors eye Jackson Hole meeting
Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed light on possible interest rate cuts in the world's top economy.
Pakistan woos old rival Bangladesh, as India watches on
Decades after Pakistani troops killed his friends in Bangladesh's independence war, veteran freedom fighter Syed Abu Naser Bukhtear Ahmed eyes warming ties between Dhaka and Islamabad with cautious pragmatism.
Meta makes huge cloud computing deal with Google: source
Meta has made a cloud computing deal with Google worth more than $10 billion over the course of six years, a source close to the transaction told AFP Thursday.
Less tax, more luxury: millionaires flock to Dubai
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.
US Supreme Court allows cuts in NIH diversity research grants
A divided US Supreme Court gave the Trump administration the green light on Thursday to cut hundreds of millions of dollars in research grants linked to diversity initiatives.
Stocks waver ahead of Fed speech but EU tariff deal lifts Europe
Stock mostly fell Thursday ahead of a widely awaited speech on US interest rate policy, though a deal on American tariffs for a swathe of EU goods gave a late-session boost to European markets.
Walmart expects better sales, earnings as shoppers squeezed by tariffs
Big-box retailer Walmart reported solid revenue growth Thursday and said that it expects better sales and earnings for the full year, as customers feel the squeeze from higher tariffs imposed by President Donald Trump.
Malnourished Gaza children facing death without aid, says UN
Severely malnourished children in the Gaza Strip will be "certainly condemned to death" unless aid gets to them quickly, UNRWA chief Philippe Lazzarini warned Thursday.
EU gets 15% US tariff for cars, but fails to get wine reprieve
The US and EU released details of a trade deal Thursday that foresees lower car tariffs but no relief for Europe's wine sector, but Brussels said it would push for further concessions.
Stocks slide as investors await key Fed speech
Stock markets mostly fell during cautious trading sessions Thursday, a day before a key speech expected to offer signals about future interest rate cuts in the United States.
EU gets 15% US tariff for cars, fails to secure wine reprieve
Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector.
Russian fuel prices surge after Ukraine hits refineries
Russian fuel prices are at near-record highs, stock exchange data showed Thursday, after a slew of Ukrainian attacks on refineries caused breakdowns during the travel season.
Walmart lifts outlook for sales, earnings despite tariffs
Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of goods imported to the United States rose after President Donald Trump's wide-ranging tariffs this year.
Stocks slip as investors await key Fed speech
Stock markets mostly fell during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.
Markets mixed as investors await key Fed speech
Markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.
Asian markets mixed as investors await key speech
Asian markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.
Africa could become 'renewable superpower', says Guterres
Africa has everything it takes to become a "renewable superpower", UN head Antonio Guterres said Thursday, as he called for greater investment in green energy across the resource-rich continent.
Asian markets creep up as investors await key speech
Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States.
'Curly is beautiful': Tunisian women embrace natural hair
Tunisian mother Mouna Jebali had long used a flat iron to straighten her thick hair, but with women everywhere challenging the stigma around natural looks, she has finally learned to love her curls.
Trump raises pressure on Fed with call for governor to resign
President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates.
Google unveils latest Pixel phones packed with AI
Google on Wednesday unveiled new Pixel 10 smartphones that promise more artificial intelligence capabilities, as it seeks to elbow out competition in the emerging AI-assistant market.