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Mexico says Trump tariffs would cost 400,000 US jobs

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.

Car-centric Saudi to open first part of Riyadh Metro

Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro, a major project intended to help shift the car-centric kingdom to public transport.

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London Fashion Week goes 1960s... with a twist

The first full day of London Fashion Week kicked off with a nod to the Swinging Sixties by Irish designer and LFW veteran Paul Costelloe and Turkish designer Bora Aksu.

Stock markets rise, gold hits record high as US rate cut nears

US and European stock markets extended gains, gold hit a record high and the dollar fell on Friday ahead of an expected US interest-rate cut next week.

Postecoglou calls for understanding in Bentancur race probe

Tottenham manager Ange Postecoglou said Rodrigo Bentancur has acknowledged his mistake and pleaded for leniency towards the Uruguayan over an allegedly racist comment made about team-mate Son Heung-min.

Chile's biggest steelworks sunk by cheap Chinese imports

It's the end of an era: after 74 years the blast furnace at Chile's biggest steelmaker will be turned off on Monday, snuffed out by competition from China with the loss of thousands of jobs.

Boeing workers strike after rejecting contract

Thousands of Boeing factory workers in the United States walked off the job Friday after voting overwhelmingly to reject a contract with the embattled aviation giant, its first strike in 16 years.

European stocks rise awaiting US rate cut next week

European stock markets extended gains, gold hit a record high and the dollar fell on Friday ahead of an expected US interest-rate cut next week.

'When can I get my pension?' Chinese process rise in retirement age

Chinese employees on Friday began processing the news that they would have to work at least three extra years after officials announced they would raise the country's retirement age from 2025.

UK blocks approval of first coal mine in 30 years

Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years.

Hearts, tails and blubber at Japan fin whale tasting

Bite-size portions of fin whale were available to sniff and taste Friday as Japan's whaling industry seeks to rekindle appetite for a traditional protein source that has fallen out of favour.

Troubled Deutsche Bahn sells logistics unit to Danish group

Troubled German rail operator Deutsche Bahn announced Friday the sale of its logistics unit Schenker to Danish group DSV for 14.3 billion euros ($15.8 billion) to create a freight-forwarding giant.

Japan ranks 7-Eleven owner 'core' industry, complicating takeover

The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry in a move that could make a takeover by Canadian rival Couche-Tard more difficult.

China to raise retirement age as demographic crisis looms

China said Friday it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.

Most markets rise as traders gear up for Fed rate cut

Asian markets mostly rose Friday while the yen sat around nine-month highs and gold hit a record after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

Lakes drying up leave Greeks in despair

Lake Koronia, one of largest in Greece, is shrinking after a prolonged drought and a summer of record-breaking temperatures, leaving behind cracked earth, dead fish and a persistent stench.

Boeing workers overwhelmingly vote to strike, reject contract

Boeing workers in the Seattle region overwhelmingly voted to strike Thursday, spurning a contract the embattled aviation giant characterized as a boon for manufacturing staff given the company's stressed financial condition.

Harris, Trump march forward in US battleground states drive

US presidential candidates Donald Trump and Kamala Harris head to key battleground states on Friday, each seeking an edge in a race where they are running neck-and-neck less than two months before voting day.

Most Asian markets rise as traders gear up for Fed rate cut

Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

Microsoft cutting more jobs from its gaming unit

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

US says new Apple AirPods can be hearing aids

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

ECB rate cut boosts European stocks as Wall Street extends rally

Europe's main stock markets climbed Thursday as the European Central Bank cut interest rates for the second time this year, while Wall Street equities shook off early weakness to also finish higher.

Business groups ask Ottawa to prevent Air Canada strike

Groups representing more than 200,000 businesses across Canada on Thursday urged the government to intervene to block a looming pilot's strike at flagship carrier Air Canada that they say risks devastating the economy.

US clears way for hearing aid feature in new Apple AirPods Pro

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

Peru mourns divisive former strongman Fujimori

Peruvians began three days of national mourning Thursday for polarizing former president Alberto Fujimori, who ruled his country with an iron fist and then spent 16 years in prison for crimes against humanity.

PSG refuse League order to pay Mbappe disputed €55 million

Paris Saint-Germain refused Thursday to pay departed striker Kylian Mbappe a disputed 55 million euros ($60.6m) despite a French league (LFP) order to do so earlier in the day.

Fiat 500 electric production pauses for one month

Carmaker Stellantis said Thursday it would halt production of the electric version of its emblematic Fiat 500 in Italy due to weak demand, a move that comes as EV sales have slowed in Europe.

ECB cuts rates again, Lagarde backs EU reform call

The European Central Bank cut its key interest rate again Thursday as inflation cools while president Christine Lagarde urged EU governments to institute sweeping reforms proposed in a "formidable" report by her predecessor Mario Draghi.

ECB rate cut boosts Europeans stocks, euro

Europe's main stock markets and the euro climbed Thursday as the European Central Bank cut interest rates for the second time this year.

Bike-loving Dutch grapple with 'fatbike' phenomena

Dutch transport authorities said Thursday they have seized thousands of illegal electric "fatbikes" imported from China, as the bicycle-loving country grapples with a new craze that has even prompted heated debate in parliament.

ECB cuts rates again as inflation slows

The European Central Bank cut its key interest rate again Thursday as inflation cools but warned of continuing price pressures and gave no indication of the path ahead.

Stocks rally on cooler US inflation, before ECB rate call

Europe's main stock markets rallied Thursday following some strong gains in Asia and on Wall Street thanks to big uplifts for tech shares after data showed US inflation cooling further.

UniCredit CEO says Commerzbank takeover an option: Bloomberg

UniCredit is studying a takeover of Commerzbank, Chief Executive Andrea Orcel said Thursday, a day after Italy's second-largest bank surprised markets by revealing a nine-percent stake in its German rival.

Ireland launches EU privacy probe into Google AI development

An Irish regulator helping to police European Union data privacy on Thursday launched an investigation into Google's artificial intelligence development.

Dubai Telegraph - Economy (English)