Dubai Telegraph

Beaten-down US stocks rally as Lagarde comments lift euro

Beaten-down Wall Street stocks rallied Monday amid hopes that equities have bottomed, while the euro advanced after European Central Bank chief Christine Lagarde signaled the end of negative interest rates.

Climate change made S. Asia heatwave 30 times more likely

The punishing heatwave that scorched India and Pakistan in March and April was made 30 times more likely by climate change, experts in quantifying the impact of global warming on extreme weather events said in a rapid-response report Monday.

Starbucks to completely exit Russia after Ukraine invasion

Starbucks said Monday it will cease operations in Russia, shuttering its 130 cafes in the country in the aftermath of the invasion of Ukraine.

Didi shareholders vote to delist from New York stock exchange

Shareholders of Chinese ride-hailing giant Didi Global voted Monday to delist the company in New York, the firm said in a statement, nearly one year since it was hit by a sweeping tech clampdown.

Euro rallies as ECB signals end to negative rates

The euro jumped one percent versus the dollar Monday after European Central Bank chief Christine Lagarde signalled the end of ECB negative interest rates.

Philippines' Marcos in nuclear plant revival talks with S.Korea

Philippine president-elect Ferdinand Marcos signalled his determination to adopt nuclear power Monday, holding talks with South Korea's envoy on possibly reviving a mothballed $2.2 billion plant built during his father's dictatorship.

In southern Ukraine, Russian forces guard strategic dam

Armed Russian soldiers patrol the Kakhovka hydroelectric station in southern Ukraine, a strategic target captured in the first hours of Moscow's military operation, restoring a crucial water supply to annexed Crimea.

Asian markets rise as Biden 'considers' lifting China tariffs

Asian stocks rose Monday after US President Joe Biden said he was considering lifting some Trump-era trade tariffs imposed on China, although concerns over inflation and growth weighed on sentiment.

Biden vows military defence of Taiwan if China invades

President Joe Biden vowed Monday that US forces would defend Taiwan militarily if China attempted to take control of the self-ruled island by force, warning Beijing was already "flirting with danger".

Turkey dreams of far-fetched gas pipeline with Israel

Turkey is ready for energy cooperation with Israel after years of enmity, reviving a project to pipe Israeli gas to Europe as Ankara seeks to reduce its dependence on Russia.

Asian markets mixed as inflation fears weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets.

Biden reinforces Japan ties, unveils Asia trade initiative

President Joe Biden meets with Japanese Prime Minister Fumio Kishida in Tokyo and unveils a multinational trade initiative Monday as part of his push to reinvigorate US strategic power across Asia.

Polish leader lends support in Ukraine as Zelensky looks to Davos

Polish President Andrzej Duda, speaking in Kyiv on Sunday, underscored his nation's key support for embattled Ukraine as Russian forces pursued a relentless bombardment of frontline cities in the east.

US flight brings tons of needed baby formula from Germany

A US military plane bringing several tons of much-needed baby formula from Germany landed Sunday at an airport in Indiana as authorities scramble to address a critical shortage.

Turtles freed in Tunisia with tracking monitor

Three rescued loggerhead turtles were released into the Mediterranean off Tunisia on Sunday, one with a tracking beacon glued to its shell to help researchers better protect the threatened species.

Ukraine warns only diplomacy can end war

Ukrainian President Volodymyr Zelensky has warned only a diplomatic breakthrough rather than an outright military victory can end Russia's war on his country, while pushing its case for EU membership.

'God before war': Moral dilemmas at frontline Ukrainian church

The echoes of artillery fire made Deacon Sergiy question his allegiances as he descended into a candlelit basement to lead prayers at a war-damaged church on the east Ukrainian front.

Moldova wine industry's EU focus pays off

In the small Moldovan village of Pereni, Nicolae Tronciu gazes at his vineyard, with its buds ready to bloom.

Bitter harvest for Indian farmers after wheat export ban

When New Delhi banned wheat exports as prices soared over Russia's invasion of Ukraine it provoked consternation abroad and drove the cereal even higher.

Ukraine's Zelensky warns only diplomacy can end war

Ukrainian President Volodymyr Zelensky has warned only a diplomatic breakthrough rather than an outright military victory can end Russia's war on his country, while pushing its case for EU membership.

A paw-some day trip: dogs ride Japan bullet train

On Japan's bullet trains, dogs usually have to travel in a carrier, but on Saturday they could stretch their paws and enjoy the scenery on a special pet-friendly express.

Sicily judge weighs trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean faced a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Sicily judge to weigh trial of migrant rescue NGOs

Charities running migrant rescue ships in the Mediterranean face a pre-trial hearing in Sicily Saturday over alleged collusion with people traffickers after a controversial probe that involved mass wiretapping.

Judge blocks Biden plan to lift border expulsion policy

A health rule imposed at the start of the Covid-19 pandemic that has blocked most asylum seekers at the US border with Mexico must stay in place, a judge ruled Friday.

Tucker Carlson: Voice of white America's outrage and fears

In the world of Tucker Carlson's hit TV show, America is under assault -- by Democrats, by health authorities, by immigrants, by Black Lives Matter protests -- and white conservatives are in a fight for their very survival.

Canada celebrates political icon 'Hurricane Hazel', aged 101

Hazel McCallion, 101, was recently reappointed to the board of Canada's largest airport as she forges ahead with a career that has included being a city mayor for 36 years and playing professional hockey.

New York sneaker expo presents some of Virgil Abloh's last works

Some of Virgil Abloh's final creations will be on public display in New York in an expo that also confers further mystique to the lucrative world of specialty sneakers.

Hyundai to build $5.5 bn electric vehicle plant in US

South Korean automaker Hyundai will build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia, its governor announced Friday, as President Joe Biden pursued his trip to Seoul.

Biden opens SKorea trip at Samsung plant as NKorea nuclear fears mount

President Joe Biden has arrived in South Korea on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Key Iraq irrigation reservoir close to drying out

Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala province, has nearly dried out, a senior official said Friday.

China rate cut boosts Asian, European stocks

Asian and European stocks rebounded Friday on China's interest rate cut, but US equities continued to slump on fears that sky-high inflation will spark a global downturn.

Elon Musk in Brazil to launch plan to survey and connect Amazon

Billionaire Elon Musk arrived in Brazil Friday, announcing a project to bring internet access to schools in the Amazon and improve satellite monitoring of the rainforest.

Biden begins South Korea trip at Samsung factory, flagging supply chain woes

President Joe Biden arrived in South Korea Friday on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Stocks climb after China rate cut

Global stocks rebounded Friday on China's interest rate cut, after having slumped the previous day on fears that sky-high inflation would spark a global downturn.

Stock markets rebound on China rate cut

Asian and European stocks rebounded Friday on China's interest rate cut, after sinking the previous day on fears that sky-high inflation would spark a global downturn.

UK finance minister makes rich list for first time

Finance minister Rishi Sunak became Friday the first high-profile British politician to make the Sunday Times Rich List, weeks after his family's tax arrangements attracted controversy and amid a cost-of-living crisis.

China condemns Canada's Huawei 5G ban over 'groundless' security risks

Beijing hit out at Canada for banning telecoms giants Huawei and ZTE from Canadian 5G networks on Friday, calling Ottawa's concerns for security risks "groundless" and warning of retribution.

Asian markets up after China cuts key interest rate

Asian markets saw a sustained bump Friday following China's decision to lower a key benchmark rate, injecting optimism among traders that it could boost the world's second-largest economy from its Covid-battered knees.

Dazzling but empty stadiums a symbol of China's fading football dream

Gleaming football stadiums built for the Asian Cup may turn into "white elephants" after China withdrew as hosts, experts say, with President Xi Jinping's World Cup dreams more remote than ever.

Dubai Telegraph - Economy (English)

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