Dubai Telegraph

Featured

Trump tariff vow drives choppy day for markets

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump's warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.

Prosecutors seek up to 15-year terms for French rape trial defendants

French prosecutors on Tuesday demanded sentences of up to 15 years for the remaining co-defendants in the trial of a man charged with enlisting dozens of strangers to rape his wife while she was drugged and unconscious.

Last news

Sri Lanka recovering faster than expected: World Bank

Cash-strapped Sri Lanka's economy was recovering faster than expected, the World Bank said Thursday, doubling the island's growth forecast to 4.4 percent for 2024.

Hong Kong, Shanghai rally as most markets track Wall St record

Chinese markets got back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Uniqlo owner reports record annual earnings

Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom.

Hong Kong, Shanghai rally as markets track Wall St record

Chinese markets get back into winning ways Thursday after China's central bank unveiled a facility to boost liquidity for firms to buy stocks, while most other markets tracked another record day on Wall Street.

Indonesia biomass drive threatens key forests: report

Indonesia's push to add wood-burning to its energy mix and exports is driving deforestation, including in key habitats for endangered species such as orangutans, a report said Thursday.

Mumbai mourns Indian industrialist Ratan Tata

Crowds of mourners gathered in India's financial capital Mumbai on Thursday for the funeral of industrialist Ratan Tata, hailed as a "titan" who led one of the country's biggest conglomerates.

China opens $71 bn 'swap facility' to boost markets

China's central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country's flagging economy.

Asian markets track Wall St record as Hong Kong, Shanghai stabilise

Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers.

'Denying my potential': women at Japan's top university call out gender imbalance

Chika Ezure faced gender bias from her own family when deciding to do a master's degree at Japan's top-ranked university. After arriving on campus, she realised the resistance she faced as a woman was commonplace.

China's central bank says opens up $70.6 bn in liquidity to boost market

China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.

Youth facing unprecedented wave of violence, UN envoy warns

Young people are facing an unprecedented wave of violence and sexual abuse driven by war, climate change, hunger, and displacement, the UN's special representative on violence against children has warned.

'A casino in every kitchen': Brazil's online gambling craze

Fernanda, a cleaner from Rio de Janeiro, lists off the items she sold to feed her online gambling addiction, one of millions of Brazilians caught in a betting craze that has swept the nation.

Discord seen as online home for renegades

Known for its appeal to online renegades, chat platform Discord finds itself in the crosshairs of Turkey and Russia.

Ratan Tata: Indian mogul who built a global powerhouse

Industrialist Ratan Tata, who has died aged 86, was credited with transforming India's Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.

Indian business titan Ratan Tata dead at 86

Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday.

Fed minutes highlight divisions over rate cut decision

The US Federal Reserve's rate-setting committee was divided during interest rate deliberations last month, although most members ultimately voted for a half percentage-point cut, according to minutes of the meeting published Wednesday.

Global stocks diverge as Chinese shares tumble

Wall Street shares steadied Wednesday as investors awaited new signals on interest rates but Chinese stocks tumbled on continued disappointment over a lack of fresh stimulus in the world's second biggest economy.

Creator's death no bar to new 'Dragon Ball' products

Fans of the "Dragon Ball" franchise are set to see a host of product launches in the coming weeks, including a new video game and animated series, despite the series creator having died this year.

Chinese stocks tumble on lack of fresh stimulus

Chinese stocks tumbled Wednesday on continued disappointment over a lack of fresh Chinese stimulus measures and scant detail on measures already unveiled.

Braving war: Lebanon's 'badass' airline defies odds

After narrowly escaping Israeli air strikes, Lebanese mother Tanaz Agha shared a picture taken from her plane window as she flew out of Beirut.

US weighs Google breakup in landmark trial

The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal monopoly.

Chinese stocks tumble on stimulus upset, Asia tracks Wall St higher

Stocks in mainland China and Hong Kong tumbled Wednesday on another volatile day after Beijing disappointed investors over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.

7-Eleven owner confirms new takeover offer from Couche-Tard

The Japanese owner of 7-Eleven said on Wednesday it had received a "revised" takeover offer from Canadian rival Alimentation Couche-Tard after rejecting an initial bid worth around $40 billion.

Boeing suspends negotiations with striking workers

Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer.

7-Eleven owner's shares spike on report of new buyout offer

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent.

Your 'local everything': what 7-Eleven buyout battle means for Japan

In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard.

The US economy is solid: Why are voters gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

Trump secretly sent Covid tests to Putin: Bob Woodward book

Then-president Donald Trump secretly sent Covid test kits to Vladimir Putin despite a US shortage during the pandemic, and spoke multiple times with the Russian leader after leaving office, says an explosive new book by Bob Woodward.

Boeing delivers 27 MAX jets in September despite strike

Boeing delivered 33 new aircraft to customers in September in spite of a labor strike of Seattle-area workers that has shuttered two major assembly plants, the company said Tuesday.

Stock markets diverge as Hong Kong sinks, oil prices fall

Oil prices fell and global stock markets diverged on Tuesday, with Hong Kong suffering its worst day in 16 years as China held off announcing fresh measures to boost its economy.

US trade gap narrowest in five months as imports slip

An uptick in exports and a fall in imports brought the August US trade deficit to its narrowest in five months, according to government data released Tuesday.

Geoffrey Hinton, soft-spoken godfather of AI

For a brief moment in spring last year, the bird-like features of bespectacled British-born researcher Geoffrey Hinton were poking out from TV screens across the world.

Dubai Telegraph - Economy (English)