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Sri Lanka police tear gas student protesters outside parliament
Police fired tear gas on students attempting to storm Sri Lanka's parliament Thursday as the protesters demanded the resignation of President Gotabaya Rajapaksa over the country's worst-ever economic crisis.
Musk secures $7.1 bn to finance Twitter deal
Elon Musk has raised $7.1 billion for his Twitter acquisition from investors that include Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal, according to a securities filing Thursday.
Pound slumps after tepid BoE rate hike
The pound tumbled after the Bank of England raised interest rates by just a quarter of a percentage point despite surging inflation, while oil prices jumped after OPEC+ only modestly hiked production.
Lufthansa warns of price rises as tourist demand takes off
German national carrier Lufthansa said Thursday that ticket prices could rise as the cost of energy soars following the Russian invasion of Ukraine.
Top oil producers agree on modest supply boost amid demand concerns
Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand amid coronavirus restrictions in China.
Lufthansa optimistic for 2022 as tourist demand bounces back
German national carrier Lufthansa on Thursday said it slashed its losses in the first quarter and set its sights on a record summer for tourist traffic as demand recovers from the pandemic.
Shell profit up as high oil prices offset Russia hit
British energy giant Shell on Thursday logged soaring first-quarter net profit as surging oil prices offset a sizeable charge linked to its Russia exit.
Turkey inflation spirals to nearly 70 percent in April
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.
TikTok to launch ad revenue-sharing program for creators
TikTok on Wednesday announced an ad revenue-sharing program with the social media platform's most prominent creators, moving closer to a model already used by its competitors.
China’s Covid rules batter business confidence: EU Chamber
China's strict zero-Covid policy has led to a plunge in confidence among European companies operating in the country as supply chains are tangled, revenue projections fall and staff leave, according to a business group survey released Thursday.
Asian markets rise as Fed eases fears over huge rate hike
US central bank officials announced an expected half-point lift in borrowing costs -- the biggest since 2000 -- as part of its battle to rein in inflation, while unveiling a timetable to offload its vast bond holdings.
BoE set for fresh rate hike as inflation soars
The Bank of England is on Thursday expected to raise interest rates for a fourth time in a row to contain runaway inflation that is causing a cost-of-living crisis.
OPEC+ eye modest supply boost as demand dented by China Covid rules
OPEC+ members meeting on Thursday are expected to agree a marginal increase in oil production, bolstered by risks to demand amid coronavirus restrictions in China.
Philippines could revive nuclear plant if Marcos wins presidency
A mothballed nuclear power plant built near a fault line and volcanoes in the Philippines during Ferdinand Marcos's dictatorship could be revived if his son wins next week's presidential election.
France and India call for immediate end to Ukraine hostilities
India and France on Wednesday called for "an immediate cessation of hostilities" in Ukraine, with Prime Minister Narendra Modi again stopping short of condemning Russia's invasion of its neighbour.
EU eyes Russian oil import ban amid new bid to evacuate Mariupol
The European Commission on Wednesday proposed a ban within the year on Russian oil imports in its toughest move yet over the invasion of Ukraine, as Moscow said it was offering a new ceasefire to evacuate a steel plant in devastated Mariupol.
US stocks rally, dollar retreats as Fed lifts interest rates
Wall Street stocks rallied and the dollar retreated Wednesday after the Federal Reserve announced a large 50 basis points interest rate increase but ruled out an even bigger hike for the foreseeable future.
Defence deal on the menu as UK rolls out red carpet for Japan's Kishida
UK and Japan leaders Boris Johnson and Fumio Kishida were on Thursday to hold talks in London, where they were set to agree a new defence agreement and measures to reduce dependency on Russian energy supplies.
Nearly half of LGBTQ youths in US considered suicide last year: study
Nearly half of LGBTQ youth aged 13 to 24 in America seriously considered committing suicide last year, according to a survey released Wednesday.
US Fed makes biggest rate increase since 2000 to fight inflation
The Federal Reserve on Wednesday made its biggest rate hike since 2000 with a half percentage point increase meant to crush soaring inflation in the United States.
Uber hit with loss in quarter despite rider rebound
Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business.
Maradona's 'hand of God' World Cup jersey auctioned for $9.3 mln: Sotheby's
The jersey that Argentina football legend Diego Maradona wore while scoring twice against England in the 1986 World Cup, including the infamous "hand of God" goal, was auctioned for $9.3 million, a record for any item of sports memorabilia, Sotheby's said Wednesday.
Microbe-based faux beef could save forests, slash CO2
Gradually replacing 20 percent of global beef and lamb consumption with meat-textured proteins grown in stainless steel vats could cut agriculture-related CO2 emissions and deforestation in half by 2050, researchers reported Wednesday.
Sri Lanka crisis will last at least two more years: govt
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country's finance minister said Wednesday while warning of an imminent cash crunch.
US businesses struggled to hire in April amid low unemployment
US private businesses saw surprisingly weak hiring in April, a survey showed Wednesday, amid low unemployment that's made their quest to find workers even more difficult.
EU eyes Russian oil import ban as Moscow strikes western Ukraine
The European Commission proposed a gradual ban on Russian oil imports Wednesday to punish Moscow for its invasion of Ukraine, as Russian forces pounded sites to the east of the country and hit targets in the far west near the EU border.
Stocks drop before expected Fed hike; oil soars on EU embargo
Global stock markets slid Wednesday in cautious deals before an expected half-point interest rate hike from the inflation-fighting US Federal Reserve.
Inflation prompts surprise India interest rate hike
India's central bank announced a surprise interest rate hike on Wednesday, as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war.
EU targets Russian oil, Patriarch in new sanctions
The European Union's executive unveiled Wednesday plans for a gradual ban on Russian oil imports as part of a raft of new sanctions to punish Moscow for invading Ukraine.
Surprise interest rate hike in India
India's central bank announced a surprise interest rate hike of 0.4 percentage points on Wednesday, as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war.
Asian markets drop ahead of key Fed rate decision
Equities fell in Asian trade Wednesday as traders nervously awaited what is expected to be the biggest Federal Reserve interest rate hike in more than two decades.
Volkswagen trains sights on US as profits jump
Volkswagen's first-quarter net profit almost doubled as the German automaker looked anew to the North American market to drive growth after years of muted presence there over "dieselgate", company results showed Wednesday.