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Primark boss defends practices as budget fashion brand eyes expansion

Ireland-based budget fashion chain Primark has been criticised for its record on workers' rights and the effect of its low-cost, high-volume model on the environment.

Asian markets mixed after subdued pre-holiday shift on Wall St

Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.

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Macklowe art collection becomes most expensive ever sold at auction

The famed Macklowe collection, subject of a bitter divorce battle between a New York property developer and his ex-wife, became the most expensive art collection ever sold at auction Monday.

US accuses Venezuela doctor of selling ransomware to cybercriminals

A French-Venezuelan cardiologist was accused Monday by the US of selling ransomware to cybercriminals and instructing them on how to extort money from the victims they hacked.

Major US baby formula producer agrees with regulators on restarting production

Amid a US shortage of baby formula, officials announced Monday a previously closed manufacturer would re-open and encouraged foreign companies to apply to import their products -- although it will take weeks to see more stock back on store shelves.

Ukrainian soldiers evacuated from Mariupol steelworks

Hundreds of Ukrainian soldiers have been evacuated from the besieged Azovstal steelworks -- the last holdout of troops defending the southern port city of Mariupol -- Kyiv said on Monday.

US shooter embraced racist 'replacement' theory online

The teenager charged with shooting dead 10 African Americans at a supermarket in Buffalo, New York followed an insidious racist creed gaining ground among white Americans that minorities are taking over society.

Global stocks mostly fall on recession worries

Stocks mostly slipped lower Monday following weak Chinese economic data that added to recession worries amid inflation and rising interest rates.

Lebanon vote weakens Hezbollah bloc as reformists book gains

An election in crisis-hit Lebanon appears to have dealt a setback to the biggest bloc, led by the Iran-backed Shiite Muslim Hezbollah party, and boosted reformists, provisional results showed Monday.

Uber bolsters platform for post-pandemic life

Uber said Monday it is revving up to be a "go anywhere and get anything" service, testing delivery robots, weaving in Google voice commands and more as people shed their pandemic lifestyles.

Macron names first French female PM in three decades

President Emmanuel Macron on Monday named Labour Minister Elisabeth Borne as prime minister to lead his ambitious reform plans, the first woman to head the French government in over 30 years.

Ukraine 'unhappy' as Hungary stalls EU Russian oil ban

Ukraine's foreign minister urged the EU Monday to overcome Hungary's resistance to an embargo on Russian oil and then look to "kill" all of Moscow's exports to starve its war machine of funds.

US, EU team up on chip making and Russia disinformation

The United States and the European Union announced on Monday a joint effort to boost microchip manufacturing and tackle Russian disinformation around the war in Ukraine.

Renault hands Russian assets to Moscow, McDonald's says will exit Russia

The exodus of Western businesses from Russia deepened on Monday as French automaker Renault's local assets were effectively nationalised and fast food giant McDonald's said it would exit the market.

Stocks dip on recession worries

Stocks mostly slipped lower on Monday with traders assessing recession risks as high inflation causes central banks to hike interest rates.

Stocks dip in muted trade at start of week

Stocks mostly slipped lower on Monday with traders assessing recession risks as high inflation causes central banks to hike interest rates.

US, EU to ramp up chip making and raise pressure on Russia

The United States and the European Union announced on Monday a joint effort to boost microchip manufacturing and tackle Russian disinformation around the war in Ukraine.

Finland, Sweden debate NATO bids as Ukraine braces for eastern attack

Russia warned Finland and Sweden Monday they were making a "grave mistake" in their moves to join NATO as Ukraine braced for a new push by Moscow's forces in its eastern Donbas region.

Indian PM skips opening of Nepal's Chinese-built airport

Nepal on Monday opened a Chinese-built airport intended to capitalise on Buddhist tourism as India's prime minister landed a few kilometres away to mark the birth, enlightenment and death of the religion's founder.

Stocks steadier after volatile week

Stock markets were steadier Monday after last week's volatility, with traders assessing recession risks as high inflation causes central banks to hike interest rates.

Wheat prices hit record high after Indian export ban

Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production.

Extreme temperatures compound poverty in Pakistan's hottest city

By the time Pakistani schoolboy Saeed Ali arrived at hospital in one of the world's hottest cities, his body was shutting down from heatstroke.

Anti-homophobia group demands PSG explain Gueye absence

A French association fighting homophobia in sport asked Paris Saint-Germain for a second time on Monday whether Idrissa Gana Gueye refused to wear a 'rainbow' jersey in Saturday's Ligue 1 match against Montpellier.

US carrier JetBlue launches hostile takeover of Spirit Airlines

American low-cost carrier JetBlue Airlines announced on Monday a hostile takeover bid for its rival Spirit Airlines, which had rejected a previous bid in favour of a merger with Frontier.

EU struggles to clear path to Russian oil ban

EU foreign ministers on Monday sought to break through Hungary's opposition to an embargo on Russian oil over the Ukraine war, but warned little progress was expected.

Final touches for 75th Cannes film fest

The last touches were being laid in Cannes on Monday for the 75th anniversary edition of the world's leading film festival, promising a return to its full glitz.

Ukrainian women ask West to save trapped Mariupol defenders

Their menfolk are the last pocket of resistance in the Ukrainian city of Mariupol, holed up in a warren of underground tunnels and bunkers at the vast Azovstal steelworks under heavy Russian bombardment.

Afghan money exchangers reopen after strike: brokers

Thousands of money exchangers in Afghanistan ended their strike on Monday, the brokers commission said, a day after they shut their shops to protest a steep hike in licence fees imposed by Taliban authorities.

Asian stocks retreat on fears of recession from Covid damage

Asian equities retreated Monday following last week's temporary rally on Wall Street due to fears of surging inflation and supply chain woes inflicted by Beijing's punishing zero-Covid policy.

Adani in $10.5bn deal for Holcim India cement business

Indian billionaire Gautam Adani struck a $10.5 billion deal to buy Swiss cement giant Holcim's local business, the companies said, betting on a construction boom predicted in coming decades.

Renault hands Russian assets to Moscow

French automaker Renault has handed over its Russian assets to the Russian government, both parties announced Monday, marking the first major nationalisation since the onset of sanctions over Moscow's military campaign in Ukraine.

Ryanair slashes annual loss as lockdowns lifted

Irish no-frills carrier Ryanair on Monday announced a large reduction in annual net losses as the aviation sector recovered from pandemic lockdowns.

China's retail sales slump as lockdowns cause chaos

China's retail sales and factory output slumped to their lowest levels in around two years, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-Covid policy.

China's retail sales lowest in two years from Covid damage

China's retail sales slumped to its lowest in two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-Covid policy.

Dutch doctor says group will keep sending abortion pills to US women

Rebecca Gomperts, a 55-year-old Dutch physician, has spent years fighting for women's access to abortion around the world.

Facebook: from Harvard dorm to global phenomenon

Key chapters in the history of Facebook, the world's biggest social media application, which marks the tenth anniversary Wednesday of its stock market debut.

Brentford duo report racist abuse of family at Everton

Everton are helping police identify suspects after Brentford's Rico Henry and Ivan Toney reported members of their family were racially abused during the Bees' 3-2 win at Goodison Park on Sunday.

US in mourning, outrage after 'racist' mass shooting

Grieving residents from the US city of Buffalo held vigils Sunday after a white gunman who officials have deemed "pure evil" shot dead 10 people at a grocery store in a racially-motivated rampage.

Crisis-hit Lebanon votes but few expect major change

Lebanon held its first election Sunday since a painful economic crisis dragged it to the brink of becoming a failed state, a major test for new opposition groups bent on ousting the ruling elite.

Afghan money exchangers on strike after licence fee hike

Thousands of money exchangers shut shop across Afghanistan on Sunday after Taliban authorities imposed a steep hike in licence fees, the brokers' commission said, in a bid to slow down money laundering and terrorism financing according to financial analysts.

Saudi Aramco says Q1 profits jump 82% as oil prices surge

Saudi Aramco on Sunday posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world's most valuable company.

Dubai Telegraph - Economy (English)