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US Fed holds interest rates steady despite 'too high' inflation

The US Federal Reserve on Wednesday held interest rates steady, even as its Chairman Kevin Warsh said inflation remained "too high" but insisted that politics played no part in the central bank's decision not to continue raising rates days before crucial midterm elections.

Pioneering US labor leader Dolores Huerta dies at 96

Dolores Huerta, the US labor leader and civil rights icon whose union work changed the lives of migrant workers, has died, her family said Wednesday. She was 96.

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EU ready to protect economy, bloc chief tells China

European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China.

Macron presses China's Xi to halt Ukraine war, agree fair trade

French President Emmanuel Macron and EU Commission president Ursula von der Leyen pressed Xi Jinping at a summit in Paris on Monday to use Beijing's influence to halt the Russian war against Ukraine, also telling the Chinese leader to accept fair global trade rules.

Stocks rise on renewed hopes of rate cuts

European and Asian stock markets rose on Monday on renewed optimism that the US Federal Reserve will cut interest rates this year.

Macron presses China's Xi on Ukraine, trade at Paris summit

French President Emmanuel Macron on Monday pressed Xi Jinping to coordinate closely with Europe in the face of Russia's invasion of Ukraine and accept fair global trade rules as the Chinese leader began a state visit to France.

No place to pray for Muslim workers in Italian city

It's Friday prayers in the northeastern Italian city of Monfalcone, and hundreds of men are on their knees in a concrete parking lot, their heads bowed to the ground.

Indonesia first-quarter growth boosted by election, holiday spending

Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday.

Boeing's Starliner set for first crewed mission to ISS

After years of delays, Boeing's Starliner capsule is set to ferry astronauts to the International Space Station (ISS) Monday, a milestone for the US aerospace giant and NASA.

Asian markets build on rally as US jobs data boost rate cut hopes

Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.

Ex-minister Jose Raul Mulino wins Panama presidential race

Jose Raul Mulino, the protege of a graft-convicted former head of state, was declared Panama's president-elect after elections Sunday.

N.America moviegoers fall for Gosling, Blunt in 'The Fall Guy'

Universal's new action film "The Fall Guy" opened atop the North American box office this weekend, taking in an estimated $28.5 million at a time moviegoing has hit a slump, industry watcher Exhibitor Relations reported Sunday.

China's Xi arrives in France for state visit

Chinese President Xi Jinping on Sunday arrived in France on a state visit hosted by Emmanuel Macron where the French leader will seek to push his counterpart on issues ranging from Ukraine to trade.

Panama to vote in presidential election with eight contenders

Panamanians vote in presidential elections Sunday from a crowded field of eight candidates, with the protege of a graft-convicted ex-head of state in the lead.

Bodies found in Mexico likely those of missing surfers: authorities

The physical characteristics of three bodies found in Mexico's Baja California state resemble those of two Australian brothers and their American friend who went missing while on a surfing trip, local authorities said Saturday.

Three bodies found after surfers go missing in Mexico: FBI

Three bodies were found in Mexico's Baja California state, the FBI said Friday, days after two Australians and an American went missing during a surfing trip in an area hit by cartel violence.

Stocks gain while dollar retreats as US labor market cools

Stock markets rose Friday as cooling US job growth raised hopes of interest-rate cuts, while London hit another record high following speculation of a bidding war for mining giant Anglo American.

Spanish beauty group Puig makes market debut

Shares in Spanish fashion and beauty group Puig, owner of the iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels, closed Friday at its issue price on its trading debut in one of Europe's largest initial public offering of the year.

Panama to vote in presidential election with 8 contenders

Panama votes Sunday in a presidential election with the frontrunner's participation confirmed after a last-minute court decision validated his run against seven other contenders.

Record gold prices take shine off London jewellers

Surrounded by glass-fronted display cabinets filled with shimmering gold bracelets and necklaces at London's Pakeeza Jewellers store, manager Zahid Khan laments the impact of record-high prices of the precious metal.

Stocks heat up as US labour market cools

Stock markets rose Friday as cooling US job growth raised hopes of interest-rate cuts, while London hit another record high following speculation of a bidding war for mining giant Anglo American.

US hiring slows more than expected in sign of cooler market

US job growth came in markedly below analyst expectations in April while unemployment crept up, government data showed Friday, signaling that the labor market is cooling.

Global stocks rise, London hits new record

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.

Markets track Wall St higher as rate hopes rise, eyes on US jobs

Hong Kong led gains across most Asian and European markets Friday thanks to a surge in tech giants, while the yen extended gains against the dollar on revived hopes for US interest rate cuts.

SK Hynix says high-end AI memory chips almost sold out through 2025

South Korean semiconductor giant SK Hynix said Friday its entire 2024 production of high-end memory chips was sold out and most of next year's line was gone too, reflecting the huge demand for cutting-edge AI hardware.

Luxury brands lure Chinese shoppers despite slowdown

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty –- a lavish affair designed to win customers in China's crucial market.

Asian markets track Wall St higher as rate hopes rise, eyes on US jobs

Hong Kong led another rally across Asian markets Friday thanks to a surge in tech giants, while the yen extended gains against the dollar on revived hopes for US interest rate cuts.

Spain's fashion and beauty group Puig poised for IPO

The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange.

Paul Auster's wife deplores reporting on US writer's death

The wife of US writer Paul Auster, who died due to lung cancer complications, said Thursday that her family was "robbed" of "dignity" after a friend quickly confirmed his death to media outlets.

Apple profit ebbs as iPhone sales under pressure

Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.

US stocks advance ahead of April payroll data

US stocks rose on Thursday as investors digested the Federal Reserve interest rate outlook and awaited Apple's latest results on the eve of critical payroll data.

US stocks advance before Apple earnings, US payroll data