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US economic growth slows in second quarter, missing expectations

The United States saw slowing growth in the second quarter, the Commerce Department said Thursday, with the fallout from President Donald Trump's Iran war weighing on the world's largest economy.

Russia adds Telegram founder Durov to 'terrorist' blacklist

Russia on Thursday added Telegram founder Pavel Durov to a blacklist of "terrorists and extremists", days after saying it was seeking his arrest over accusations he let his platform be used by Ukrainian intelligence.

Last news

Mali cancels Air France clearance to resume flights: officials

Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday.

Stock markets hold onto gains after rally

US and European stock markets were broadly steady Wednesday, holding onto big gains made the previous session, while European gas prices hit six-month highs on supply constraints.

World Bank needs to get 'better', 'bigger': president

The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics.

German economy to shrink in 2023, govt says

The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump.

UK businesses ask for help after rise in shoplifting

British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis.

European stock markets steady after rally

European stock markets steadied Wednesday after big gains the previous session, while European gas prices hit six months highs on supply constraints.

Qatar signs 27-year gas supply deal with France's Total: state energy firm

Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday.

Birkenstock to debut in New York with $8.6 bn IPO valuation

German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."

World Bank needs to get 'bigger': president

The World Bank could raise its lending capacity by $150 billion in the next decade but it will need to become "bigger" to respond to global challenges, its president said Wednesday.

'Immediate' cuts to methane from fossil fuel needed: IEA

Methane emissions from fossil fuels must be slashed immediately to limit climate warming, and major reductions are possible with existing technologies at low cost, the International Energy Agency said Wednesday.

China to hold Belt and Road celebration with Putin expected

China announced Wednesday it will host a gathering of foreign leaders next week to celebrate a decade of its Belt and Road infrastructure project, with Russian President Vladimir Putin expected to attend.

Birkenstock to debut in New York with $8.6 bn IPO

Asian markets build on global rally as Fed pause hopes grow

Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.

'Not proud at all': Japan's army struggles to recruit

A recent open day at a Japanese military base near Tokyo was a fun family outing but, despite the games and snacks, the army recruitment stand was bereft of visitors.

Birkenstock to target $8.6 bn IPO valuation: reports

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.

Birkenstock to target $8.6 bn IPO valuation: media reports

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.

Stocks rise, oil dips as markets assess Israel-Hamas conflict

Major equity markets advanced Tuesday after top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil fell one day after surging on the Israel-Gaza conflict.

Star witness at US crypto trial says Bankman-Fried ordered fraud

Disgraced crypto wunderkind Sam Bankman-Fried was the mastermind behind a scheme to defraud FTX clients of billions of dollars, the star witness in his US trial testified on Tuesday.

LVMH sales growth falters in third quarter

The world's top luxury group LVMH said Tuesday that its third quarter sales were nearly flat at 19.96 billion euros ($21.2 billion), a one percent increase from the same period last year.

London mayor says concerned by bedbug outbreaks in France

London's mayor warned Tuesday that a spike in bedbug cases across France "is a real source of concern", as fears grow of the blood-sucking insects spreading to Britain.

Pre-election jitters send Argentine peso to new lows

The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate.

Yellen urges more IMF, World Bank reforms for climate fight

US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.

Russian forces close in on east Ukraine's Avdiivka

Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely.

UK Labour leader Starmer vows 'decade of national renewal' if elected

Britain's opposition leader Keir Starmer vowed Tuesday to spearhead a "decade of national renewal" if his Labour party returns to power after nearly 14 years in a general election expected next year.

Stocks rise, oil dips after surge

Major equity markets advanced Tuesday after top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil dipped one day after spiking on the Israel-Gaza conflict.

Labour leader Starmer to pledge to repair UK

Britain's opposition leader will promise on Tuesday that a future Labour government would "heal" the UK after 13 years of Conservative rule, tackling a cost-of-living crisis sparked by Brexit, pandemic lockdowns and the war in Ukraine.

Stock markets rally, oil dips after surge

Major equity markets mostly rallied Tuesday as top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil dipped one day after spiking on the Israel-Gaza conflict.

IMF says world economy resilient to shocks but 'limping'

The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded.

UK Labour party's new love affair with British business

After years of disenchantment, British business leaders flocked to this week's Labour conference, signalling a reset in relations between the centre-left party and a corporate community scalded by the economic policies of the ruling Conservatives.

TotalEnergies hit with lawsuit over 2021 Mozambique jihadist massacre

Seven survivors and relatives of victims of a bloody 2021 jihadist attack in northern Mozambique have launched legal action against France's TotalEnergies, accusing it of failing to protect contractors at a multi-billion-dollar gas field, their lawyers said Tuesday.

Markets cheered by Fed rate hopes, oil eases after surge

Equities mostly rose Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.

Asian markets rally on Fed rate hopes, oil eases after surge

Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.

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