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K-pop band NewJeans leaves label over 'mistreatment'

Chart-topping K-pop group NewJeans announced Thursday their decision to leave their label ADOR, accusing the company of "mistreatment".

France says ready for budget concessions to avert 'storm'

The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

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China premier issues warning on Covid-hit economy

China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth.

Filing says Elon Musk to borrow less in Twitter bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal.

Global stocks mostly rise as Fed reiterates plan to battle inflation

Global stocks mostly rose Wednesday as markets adopted an optimistic view of Federal Reserve minutes that reiterated plans to raise interest rates.

Fed officials stressed 'determination' to bring down inflation

US central bankers stressed their "strong commitment and determination" to bring raging inflation under control including with more big interest rate increases, according to the minutes of the latest policy meeting released Wednesday.

Venezuela's state bank announces partial share sale

Venezuela's state bank said on Wednesday it would sell up to 10 percent of its shares as part of the government's plan to inject capital into public companies struggling due to a lack of investment.

US files formal trade complaint against Canada over dairy

The United States on Wednesday filed a second formal trade complaint against Canada over Ottawa's dairy import policies, which Washington says harms American producers.

Stock markets drift higher before Fed minutes

Stocks rose Wednesday ahead of the release of the minutes of the latest Federal Reserve meeting in a break in the bearish sentiment that has gripped equity markets.

Trans-themed film dazzles Cannes in Pakistan debut

The first-ever Pakistani entry in a Cannes Film Festival competition has left audiences slack-jawed and admiring of its daring portrait of a transgender dancer in the Muslim country.

European and US stock markets struggle to recover

European and US stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

European stock markets struggle to recover

European stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

British retailer Marks and Spencer exits Russia

British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country's invasion of Ukraine.

French green activists block TotalEnergies' annual meeting

More than 100 activists sought to block oil giant TotalEnergies' annual general meeting in central Paris on Wednesday to protest the energy firm's climate policies and continued presence in Russia following the invasion of Ukraine.

'We are not alone': Wartime solitude on Ukraine's ghostly front

The ground shook and birds scattered moments after Natalia Timofeyenko climbed out of her bunker to reassure herself that she was not alone on the east Ukrainian front.

Stock markets mixed as traders weigh dark outlook

Markets were mixed Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Oil, gas firms use Ukraine war to resist climate efforts: report

US oil and gas firms took advantage of energy worries over the Ukraine war to push their fossil fuel products and resist climate change regulatory measures, an analysis showed on Wednesday.

Asian markets swing as traders mull dark outlook

Asian markets fluctuated Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Ukraine war pushes Brazil toward natural fertilizers

Fearing Russia's invasion of Ukraine will disrupt its crucial supply of fertilizer imports, agricultural powerhouse Brazil is increasingly turning to natural alternatives.

Amazon delivery pressure hurting workers, labor group says

A labor coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of packages to customers.

Tunisia's first LGBTQ play lifts curtain on hidden violence

It's the first queer play to be staged in Tunisia -- director Essia Jaibi's latest work aims to challenge conservative attitudes in a country where same-sex acts are punishable by prison terms.

Countries agree to overhaul WHO funding

Shaken by the pandemic, the World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health agency, giving it much more money to spend on its own priorities.

Argentina to ease exchange control for oil and gas companies

Argentina on Tuesday announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

Gunman kills 15 at Texas elementary school

An 18-year-old gunman killed 14 children and a teacher at an elementary school in Texas on Tuesday, according to the state's governor, in the nation's deadliest school shooting in years.

Stocks mostly fall after sentiment Snap-ped

Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the owner of Snapchat that spooked investors and further shocked the tech sector.

US new home sales fall sharply in April amid rising prices

US new home sales plunged in April to their lowest in two years, even as prices continued to climb, according to government data released Tuesday, as would-be buyers felt the heat of soaring inflation and rising interest rates.

Stocks fall after sentiment Snap-ped

Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the owner of Snapchat that spooked investors and further shocked the tech sector.

Kerry warns against letting Ukraine war thwart climate efforts

US climate envoy John Kerry warned Tuesday against using the energy crisis stemming from Russia's invasion of Ukraine as an excuse to build up more fossil fuel infrastructure.

UAE firm inks airport deal as Afghanistan eyes international flights

A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's three airports, officials said, as the country seeks to resume international transit.

Stock markets retreat on weak global growth worries

Stock markets retreated Tuesday on renewed concerns over weak global growth, with a profit warning from the owner of Snapchat spooking investors and further shocking the tech sector.

Google marks 15 years of Street View

Google celebrated on Tuesday 15 years since it kicked off its mammoth and hugely controversial effort to photograph streets in minute detail across the globe.

London's long-delayed commuter rail link opens

The long-delayed and over-budget Elizabeth line rail link finally opened in London on Tuesday, with hopes it will speed up journeys across the British capital and provide an economic boost.

'Who can stop this war?': Fear and fury in Ukrainian trenches

The panting Ukrainian soldier gripping a Kalashnikov with fear blazing in his eyes had not moved a step from his roadside ditch for five hours.

'Kind of complicated': Growing grapes in the world's driest desert

In the middle of Chile's Atacama desert, the driest in the world, Hector Espindola has an unexpected job: he runs a vineyard.

China offers bonds, tax breaks as new medicine for ailing economy

Tax breaks and a bond drive for Chinese aviation and railway firms are among a blizzard of fresh measures agreed by China's economic planners to gee up an economy stunted by a coronavirus surge.

Samsung commits $356 bn in investments with 80,000 new jobs

Samsung Group on Tuesday unveiled a massive $356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.

Asian markets fall on China growth concerns

Asian stocks retreated Tuesday on concerns over the impact of China's Covid restrictions on the world's second-largest economy as investment banks slashed their forecasts.

Slight rise in US births in 2021 after pandemic plummet

The number of births in the United States rose slightly in 2021, the first increase in seven years, according to preliminary data published by authorities Tuesday.

To use rather than collect, the second coming of NFTs

NFTs have been called everything from fads to outright scams, but early adopters see a future for them as uniquely useful tools for business, health and the arts that goes beyond mere digital collecting.

At Mexico-US border, migrants pray children will be born in US

Haitian asylum seekers Jocelyn and Berline Jean-Philippe breathed a sigh of relief as they entered the United States legally from Mexico -- in time, they hoped, for their unborn child to become a US citizen.

Dubai Telegraph - Economy (English)