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Dubai Telegraph - Economy (English)
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US durable goods orders resumed growth in March: govt
Orders for big-ticket manufactured items picked up steam again last month, as businesses reported more demand for a variety of goods, according to US government data released Tuesday.
Keep going: world's oldest person eyes new longevity record
France's Sister Andre, believed to have become the oldest person alive this week at the age of 118, said Tuesday she would now like to beat the record of oldest person ever and that work and caring for others had long kept her spry.
HSBC profits slide as Ukraine war worsens inflation
HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.
European stock markets rebound, oil extends losses
European equities staged a relief rally Tuesday, one day after tanking on fears over the Covid outbreak in China and rising interest rates in the United States.
Cash-strapped Sri Lanka to sell 'golden' visas
Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food and fuel.
Twitter has long been more talk than money
Billionaire Elon Musk is capturing a social media prize with his deal to buy Twitter, which has become a global stage for companies, activists, celebrities, politicians and more.
In Ukraine's Lviv, war reaches even children's books
In the basement of the bookshop she manages in western Ukraine, Romana Yaremyn shows hundreds of books stacked half way to the ceiling after they were evacuated from the country's war-torn east.
HSBC first-quarter pre-tax profits drop nearly 30% to US$4.2 bn
HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its outlook.
'Spider-Man' sequels and Bad Bunny kick off buoyant CinemaCon summit
Hollywood bosses showcased new "Spider-Man" sequels and brought rap superstar Bad Bunny on stage to kick off a bullish meeting of movie theater industry leaders in Las Vegas Monday.
Musk-ruled Twitter: users left to fight trolls and misinformation?
Elon Musk's vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.
Asian markets mixed but China, Fed keep confidence in check
Asian markets were mixed Tuesday as investors scrabbled to recover from the previous day's rout but fears over the impact of China's Covid-induced lockdowns and the Federal Reserve's plan to hike interest rates quickly continue to drag on sentiment.
Texans forced to travel out of state, wait weeks for abortions
In a small Louisiana clinic, a five-hour drive from her home in the neighboring state of Texas, Shayla waits for her long-sought appointment to receive an abortion.
GM announces it will make electric Corvette
US car maker General Motors announced Monday that it is developing an electric version of its Chevrolet Corvette.
Coal still top threat to global climate goals: report
The number of coal-fired power plants in the pipeline worldwide declined in 2021, according to research released Tuesday, but the fossil fuel most responsible for global warming still generated record CO2 emissions, threatening Paris climate goals.
Second Amazon site in New York kicks off vote on joining union
Workers at an Amazon sorting center in New York began voting Monday on whether to join the Amazon Labor Union, which recently became the first union at the e-commerce giant in the United States.
Oil prices slide on China fears; Twitter rises on Musk deal
Oil prices tumbled Monday along with equities in Europe and Asia on worries over a worsening Covid-19 outbreak in China, while US stocks finished a volatile session higher as Elon Musk sealed a deal to acquire Twitter.
Gotta bounce: Some spiders catapult away after sex to avoid death
Sometimes there are pretty valid reasons for leaving right after sex.
Drop in vaccines exposes LatAm kids to disease: report
One in four children in Latin America and the Caribbean does not have vaccine protection against three potentially deadly diseases, a UN report said Monday, warning of plummeting inoculation rates.
Consumers lapping up Coca-Cola price hikes so far
Coca-Cola reported a jump in quarterly profits Monday in results showing the soda giant was able to implement price hikes with little sign of consumer pushback.
Crew of first private flight to ISS return to Earth
Three businessmen and a former NASA astronaut splashed down Monday off the Florida coast after spending two weeks aboard the International Space Station in a landmark mission for the commercial sector.
US sees Ukraine victory over Russia with 'right equipment'
The United States believes Kyiv can win the war against Russia if it has the "right equipment", Pentagon chief Lloyd Austin said Monday, as strikes on railway infrastructure in central Ukraine killed at least five.
US judge holds Trump in contempt over civil fraud probe
A US judge held former president Donald Trump in contempt of court Monday for failing to turn over documents related to an investigation of possible fraud in the Trump family's business dealings.
UK regulator probes 'sexist, misogynist' article about top MP
Britain's press regulator on Monday said it had received a slew of complaints over a newspaper article likening a leading woman opposition MP to the femme fatale character in "Basic Instinct".
Ukraine war has consequences for Asia, EU chief tells India
Russia's invasion of Ukraine threatens India's regional security, the European Union chief said Monday during a trip to New Delhi aimed at fostering deeper strategic ties.
Philips take hit by supply problems, respirator recall
Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health technology firm battled a faulty respirator recall and supply chain problems.
Activists block Russian oil tanker in Norway
Greenpeace activists in Norway blocked a Russian oil tanker from unloading its cargo near Oslo Monday, saying the shipment was helping to finance Russian President Vladimir Putin's "warfare".
Hong Kong press club scraps rights awards over 'red line' fears
Hong Kong's foreign press club scrapped its annual human rights awards on Monday citing fears it could be prosecuted for crossing "new red lines" as Beijing stamps out dissent in the international business hub.
Markets plunge on China lockdowns, rate hike fears
Stock markets and oil prices sank Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a world economy battling decades-high inflation.
Nissan ending production of Datsun brand vehicles
Japanese automaker Nissan is ending production of Datsun brand vehicles, less than a decade after reviving the famed budget car to woo cost-conscious customers in emerging markets, the company said on Monday.
Sri Lanka shares plunge as Buddhist leaders ask govt to resign
Sri Lanka's stock market halted trading after a nearly 13 percent plunge Monday as the island nation's beleaguered government faces new pressure to resign from influential Buddhist leaders over a crippling economic crisis.
London and Washington begin two days of trade talks
The UK on Monday began two days of talks with the United States, hoping for progress to secure a coveted post-Brexit free trade deal.
Gambian faces trial in Germany over AFP reporter murder
The trial began in Germany on Monday of a Gambian man accused of being part of a death squad that assassinated opponents of former dictator Yahya Jammeh, including an AFP journalist.
China lockdowns, rate hike fears batter stock markets
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains.
World's oldest person dies in Japan at 119
A Japanese woman certified the world's oldest person has died at the age of 119, local officials said Monday.
Markets hit China economy worries, rate hike fears
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains.
Sri Lanka exchange halts again after 13% plunge
Crisis-hit Sri Lanka's stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse's tentative reopening after a two-week break aimed at forestalling a market collapse.
Gambian to face trial in Germany over AFP reporter murder
The trial begins in Germany on Monday of a Gambian man accused of being part of a death squad that assassinated opponents of former dictator Yahya Jammeh, including an AFP journalist.
Asian markets track Wall St rout, oil sinks
Asian markets sank Monday on growing concerns of a sharp hike in US interest rates as officials struggle to contain runaway inflation, while oil was hit by expectations Chinese demand will dry up owing to Covid lockdowns.
Olympic status gives surfing a boost in Cuba
When they were children, Cuba's surfers used to transform their school desks into boards to ride the waves.