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Trump names trade envoy, top economic advisor to fill policy team

Donald Trump on Tuesday named Jamieson Greer his trade representative, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores.

China expected to hit peak coal consumption in 2025: report

China's coal consumption could peak by 2025 as the world's top consumer of the fossil fuel ramps up its push for clean energy, a report published on Wednesday said.

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Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries

Nine people are confirmed drowned and at least 48 are missing after a boat carrying migrants capsized off Spain's Canary Islands overnight, rescue services said Saturday, the latest in a series of such disasters off the west coast of Africa.

SpaceX launches mission to return stranded astronauts

A SpaceX rocket soared into the sky Saturday with two passengers on board, leaving two seats empty to return American astronauts who have been stranded for months on the International Space Station, NASA said.

SpaceX set to launch mission to return stranded astronauts

A SpaceX mission is set for launch Saturday with two passengers on board, leaving two seats empty to return the American astronauts who have been stranded for months on the International Space Station, NASA said.

Boeing strike grinds on as latest talks fail to reach agreement

The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month.

US ports brace for potential dockworkers strike

Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November's closely contested presidential election.

Global stocks mostly rise, cheering Beijing stimulus

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts while investors applauded China's measures to boost its struggling economy.

Argentina judge orders dictionary to delete pejorative definition of 'Jewish'

An Argentine judge has ordered the publishers of a major Spanish dictionary to remove a pejorative definition of the word "Jewish" from its listing, local media reported late Thursday.

Global stocks rise on rate hopes, Beijing stimulus

Stock markets rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

UK clears $4 bn AI partnership between Amazon, Anthropic

Britain's competition regulator on Friday cleared Amazon's investment of up to $4 billion in Anthropic, an American developer of artificial intelligence, following a short probe.

Barca fans barred from Champions League away game over racist banner

Barcelona must play their next away Champions League game without their fans and pay a 10,000-euro ($11,000) fine for a racist fan banner, UEFA ruled on Friday.

Chinese stocks extend surge, Europe higher on Beijing stimulus

Hong Kong and Shanghai stock markets soared again Friday with the latter index recording its strongest weekly gain in 16 years on hopes China would unveil yet more measures to boost its flagging economy.

Pope says Church must 'seek forgiveness' for child sexual abuse

Pope Francis said Friday that the Catholic Church must "seek forgiveness" over the "scourge" of child sexual abuse, during a visit to Belgium where the Church's dark past looms large.

China caps week of 'bazooka' stimulus for ailing economy with rate cut

China on Friday opened up over a hundred billion dollars in cash for its ailing economy, capping a week in which its leadership embark on one of their biggest drives in years to kickstart growth.

Cuts, cash, credit: China bids to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending.

France's debt weighs heavier ahead of budget debate

France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.

Iran treads carefully, backing Hezbollah while avoiding war

As violence between Israel and Hezbollah escalates, Iran is walking a tightrope by supporting Hezbollah without being dragged into a full-blown conflict and playing into its enemy's hands.

Return to sender: waste stranded at sea stirs toxic dispute

Amid the scorching heat at the Albanian port of Durres, 102 containers set sail for Thailand in early July, sparking a high-seas drama that highlighted the perils of the global waste trade.

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Taken from mother by nuns, victim seeks answers as pope visits Belgium

The stain of Catholic child abuse looms over Pope Francis's visit to Belgium this week, but a lesser-known scandal still roils the country: the "forced adoption" of newborns taken from their mothers, with nuns' complicity.

China cuts amount banks hold in reserve to boost lending

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth.

Hong Kong, Shanghai extend surge as China optimism boosts markets

Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy.

Vietnam president reiterates support for Cuba during official visit

Cuban President Miguel Diaz-Canel held talks with his Vietnamese counterpart To Lam in Havana on Thursday, with the two countries signing several bilateral agreements during the visit.

Poverty rises to over 52 percent in Milei's Argentina

Poverty in Argentina rose to over 52 percent of the population in the first six months of self-declared "anarcho-capitalist" Javier Milei's presidency, according to data released Thursday by the INDEC statistics agency.

Chloe's see-through look may not be for Kamala Harris

Designer Chemena Kamali -- who dressed Kamala Harris for the Democratic Convention in August -- turned heads at Paris Fashion Week Thursday with a line of lacy transparent looks the US presidential hopeful may be a little more shy about trying.

China stimulus, tech optimism boost stock markets

Stock markets climbed Thursday as China signalled more stimulus for the world's second-largest economy, while a strong outlook from US chip giant Micron gave a further boost to investor optimism.

South Korea surges in UN innovation index

South Korea made the biggest jump among the world's 10 most innovative economies in the UN's annual rankings published Thursday, alongside a gloomy global outlook for innovation investment.

Floods threaten Niger's historic 'gateway to the desert'

Its winding allies, ancient mosque and ochre earthen houses helped bestow on Agadez its UNESCO World Heritage status, but the town in Niger is now under threat from flooding.

China economy hopes boost global equities

Chinese stocks surged and major European indices mostly rallied Thursday as China signalled further stimulus measures aimed at lifting the world's second-biggest economy out of the doldrums.

Ubisoft shares sink after 'Assassin's Creed' delay

Shares in French video game giant Ubisoft plunged nearly 20 percent Thursday after it dropped its profit targets following a delay to its latest "Assassin's Creed" title.

German economy to shrink again in 2024: think tanks

Germany's economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.

Hong Kong's New World Development replaces CEO Adrian Cheng

Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion.

Swiss central bank cuts rate again amid strong franc worries

Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.

Dubai Telegraph - Economy (English)