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Nepal's first transgender candidates run for local office

Two transgender candidates are contesting Nepal's local by-elections for the first time, hoping to push for political representation among sexual and gender minorities in the Himalayan nation.

Father of PlayStation says 'everyone told us we would fail'

The PlayStation has been a colossal consumer hit, but three decades ago, its creator Ken Kutaragi struggled to convince both game-makers and his bosses at Sony that his console would be a winner.

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Fed begins meeting with massive hike possible amid price surge

US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that has ignited predictions the Federal Reserve will approve the biggest interest rate hike in more than 27 years.

Heard stands by 'every word' of defamation trial testimony

Amber Heard stands by "every word" of her testimony during the defamation trial against former husband Johnny Depp, she said in an interview released Tuesday.

Musk to face Twitter employees at meeting

Billionaire Elon Musk will address Twitter employees at a meeting this week, the company confirmed Tuesday, in a first since launching his troubled $44 billion bid for the social media platform.

Media giants buy IPL cricket rights for $6.2 billion

India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion.

'Minions' return with hopes of more box office gold

Completely stupid but terribly endearing, the Minions have become one of the most profitable bunch of characters in animation.

Take holiday to grow food, Sri Lanka tells civil servants

Crisis-hit Sri Lanka is asking civil servants to take an extra day off each week to grow crops in their backyards in a bid to forestall a looming food shortage.

Famed Hong Kong floating restaurant towed away after half a century

Hong Kong's Jumbo Floating Restaurant, a famed but ageing tourist attraction that featured in multiple Cantonese and Hollywood films, was towed out of the city Tuesday after years of revitalisation efforts went nowhere.

Families of overdose victims demand action from social media platforms

Families of teens who died after overdosing on drugs they bought through Snapchat and other social media platforms called Monday for tech firms to do more to address the problem.

Keeping China fed as inflation surges brings risk for commodity prices

Bedevilled by high fuel and fertiliser costs, along with a labour crisis driven by Covid-19 restrictions, China risks a smaller autumn harvest that could supercharge demand for commodities just as the world can afford it least.

Lithuania to buy howitzers from France

Lithuania has agreed to buy 18 howitzers from France, both sides' defence ministers announced Monday, as the Baltic country bolsters its arsenal due to Russia's invasion of Ukraine.

VW faces Brazil hearing over dictatorship-era slavery claims

German carmaker Volkswagen faces an audience with Brazilian prosecutors Tuesday over allegations of human-rights violations at a farm it ran during Brazil's military dictatorship, including slave labor, rapes and beatings.

You can't always get what you want: Jagger gets Covid

Rolling Stones frontman Mick Jagger on Monday said he had caught Covid, forcing the band to cancel its latest gig in Amsterdam.

'Bear' market: Inflation fears pummel global stocks

Equity markets dove again Monday, with Wall Street officially entering a bear market as investors bet on more aggressive Federal Reserve rate hikes to address runaway inflation.

Scientists map brain network linked to addiction

Researchers said on Monday they had mapped the network in the brain linked to addiction by studying long-time smokers who abruptly quit after suffering brain lesions.

Major markets tumble on heightened recession fears

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.

High stakes as Macron battles to keep parliament majority

French President Emmanuel Macron and his allies on Monday began a crucial week of campaigning to save their parliamentary majority, under threat after a first round of voting that galvanised a newly formed leftwing alliance.

IPL cricket rights battle goes into day three

The battle for broadcast rights for the Indian Premier League reached fever pitch on Monday with global media giants reportedly bidding $5.65 billion to show and stream the hugely popular cricket contest.

Ryanair faces strike in Spain during summer break

Spanish unions called on staff at low-cost airline Ryanair on Monday to hold a six-day strike at the start of the summer holidays, the latest action by aviation industry workers to demand better conditions in Europe.

Major markets dive on heightened recession fears

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.

In Milan, Ukrainian designers show off their cultural heritage

With their country mired in war, designers from Ukraine were keen to show their works on the sidelines of Milan's furniture fair, seeking to defend and promote a cultural heritage being ransacked by the Russian army.

Bitcoin slumps under $25,000, lowest in 18 months

Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, months after the cryptocurrency hit a record high.

Markets dive on inflation woes as dollar spikes against yen, rupee

Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

UK economy shrinks for second month in a row

British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official data showed Monday.

Markets track Wall St plunge on inflation woes, dollar rallies

Markets tumbled in Asia on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

Yen slides to 24-year low against dollar

The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.

Google pays $118 mn to settle gender discrimination suit

Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions.

Flood of net zero vows suffer 'credibility gap': report

While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in many plans, according to an analysis published Monday that raises fears of potential large-scale greenwashing by businesses.

Cautious optimism at high-stakes WTO meet

The World Trade Organization chief voiced cautious optimism Sunday as global trade ministers gathered to tackle food security threatened by Russia's invasion of Ukraine, overfishing and equitable access to Covid vaccines.

Despite major gas deal, energy giant warns consumers to turn down heating

TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but told AFP on Sunday that more projects are needed and consumers will still have to "turn down the heating" to ease the growing price crisis.

Climate: offshore methane gas leak spotted from space

Scientists have for the first time used satellite data to detect a major offshore leak of the potent greenhouse gas methane, according to peer-reviewed research.

TotalEnergies gains foothold in Qatar gas expansion

Qatar on Sunday named France's TotalEnergies as its first foreign partner to develop the world's largest natural gas field and eventually help ease Europe's energy fears.

WTO chief says 'cautiously optimistic' ahead of high-stakes meet

The World Trade Organization chief voiced cautious optimism Sunday as global trade ministers gather to tackle food security threatened by Russia's invasion of Ukraine, overfishing and equitable access to Covid vaccines.

End of an era as Russia's McDonald's reopens under new name

The restaurant that launched McDonald's in Russia in 1990, heralding Moscow's opening after decades of Soviet rule, reopened Sunday with a new name and logo in a potent reminder of the upheaval sparked by the conflict in Ukraine.

Cash-strapped Sri Lanka announces weekly fuel quotas

Crisis-hit Sri Lanka announced weekly fuel quotas for motorists on Sunday, as an acute shortage worsened and longer queues formed outside the few pumping stations still operating.

Global media giants battle for IPL cricket rights

Global media giants including Disney and Sony and Asia's richest man reportedly battled Sunday for the broadcast rights for the Indian Premier League cricket tournament, one of the world's most-watched sporting events.

Sanctioned Ukraine tycoon seeks to support war effort

Sanctioned by Ukraine in the past over his close ties to Russia, Dmytro Firtash, one of the country's wealthiest citizens, made international headlines this week for saying he is sheltering hundreds of Ukrainians in his chemical factory.

Resurging US inflation puts Fed on track for more big rate hikes

Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue its aggressive interest rate increases to help cool high prices that are challenging Joe Biden's presidency.

Iran, Venezuela sign two-decade cooperation deal: state media

Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit Saturday to the Islamic republic by Venezuela's President Nicholas Maduro.

Australia agrees Naval payout, ending France sub dispute

Australia unveiled a massive compensation deal with French submarine maker Naval Group Saturday, ending a contract dispute that soured relations between Canberra and Paris for almost a year.

Dubai Telegraph - Economy (English)