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China's Huawei unveils 'milestone' smartphone with homegrown OS

Chinese tech giant Huawei on Tuesday unveiled its first smartphone equipped with a fully homegrown operating system, a key test in the firm's fight to challenge the dominance of Western juggernauts.

Equity markets retreat, dollar gains as Trump fires tariff warning

Stock markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a more moderate approach to trade policy.

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Some wins for US labor, but big picture stays tough

Lauded by President Joe Biden and bolstered by recent triumphs at Starbucks, the US labor movement has had reasons to cheer as attention focuses on upcoming unionization votes at Amazon.

Toshiba holds key shareholder vote on spin-off plan

Toshiba shareholders will vote Thursday on a plan to split the embattled Japanese conglomerate into two that has already faced staunch opposition from key investors.

Another US state passes abortion 'bounty hunter' law

Another US state passed a law allowing abortion providers to be sued in civil court Wednesday, as conservatives across the country ramp up their effort to overturn long-held reproductive rights.

Colombia makes history with two black VP candidates

For the first time, two black Colombians will stand as running mates in May's presidential elections.

'Rhino bond' charges onto markets to save S. African animals

Critically endangered black rhinos in South Africa will get help from an unusual source: Wall Street, where institutional investors have expressed a willingness to buy a new type of bond being issued by the World Bank that will pay for successful efforts to save the animals.

YouTube offers thousands of free TV episodes -- with ads

YouTube on Wednesday began streaming some 4,000 television episodes from shows like "Hell's Kitchen" and "Heartland" to US viewers as the site tries to capture viewers in a fiercely competitive market.

Stellantis, LG partner to build EV batteries in Canada

US-European automaker Stellantis is partnering with LG Energy Solution to make batteries for electric vehicles at a massive new plant in Canada, the largest ever investment in the country's auto sector, officials said Wednesday.

Sibling rivalry? Teenage pilot's bid to pip high-flying sister

A teenage pilot took off Wednesday determined to go one better than his record-breaking sister by becoming the youngest person to fly solo around the world.

Fire damages main Lagos bridge, dozens of shops burnt

A fire on Wednesday badly damaged a main bridge in Nigeria's commercial capital Lagos, razing dozens of shops and risking more traffic chaos, the emergency services and witnesses said.

No paycheck for popes, Francis says

He is rash, bad at football and sometimes frustrated at not having his own cash to spend: Francis may wear papal cassocks, but they hide a normal man beneath, he says in a new book.

US new home sales fell but supply crunch eases in February

After months of high prices and scarcity, the supply of new US homes on the market increased in February, though sales fell once again amid rising lending rates, according to government data released Wednesday.

UK confronts cost of living crisis with inflation-fighting budget

British finance minister Rishi Sunak on Wednesday launched plans to ease a cost of living crisis, with UK inflation set to spike to a 40-year high on Ukraine fallout.

In Spain, soaring prices fuel growing social unrest

A lorry drivers' strike, mass protests by farmers and fishermen, industrial production stoppages: record inflation levels have fuelled growing anger with Spain's left-wing government as energy prices go through the roof.

Oil prices jump, stocks mixed with spotlight on surging inflation

Oil prices rallied Wednesday, adding to soaring inflation concerns, while stock markets diverged.

Ukraine war rattles EU green farming plan

Scientists are urging Europe not to delay the transition to greener agriculture in response to Russia's invasion of Ukraine, which threatens global wheat supplies and raises fears over food shortages.

Power blackouts, soaring fuel prices shut Nigerian businesses

For eight years, Nigeria hairdresser Damy Idowu ran her business in a commercial district of Lagos, surviving growing inflation, recession and the global pandemic.

Black box of crashed China Eastern jet recovered

A black box from the crashed China Eastern airliner was recovered on Wednesday as investigators try to piece together what made a jet carrying 132 passengers nosedive into a mountainside in southern China.

UK budget targets living costs as inflation spikes

Britain unveils Wednesday a budget update aimed at easing a cost of living crisis, as data revealed inflation spiking to a three-decade high on soaring energy prices.

Latin America's IT brain drain a regional challenge

Safety concerns at home in Rio de Janeiro and a bumper pay packet convinced Bruno Ribeiro to join the burgeoning ranks of Latin Americans moving to California to work in IT.

'Always on alert': surviving homelessness in New York City

Sekou Salaam knows all too well the dangers of living on New York's streets. Homeless for six months, he says he's been beaten with a metal pipe and repeatedly threatened with knives.

Rwanda turns to event hosting for economic boost

Blue, yellow, green: As night falls, the dome of the Kigali conference centre lights up, resplendent in the colours of Rwanda's flag as it aims to attract all eyes on the capital, and beyond.

How Russia's war in Ukraine rocked the global economy

In a month of conflict in Ukraine, global oil prices have soared, foreign companies have exited Russia and Moscow faces the spectre of default.

Amazon faces rising union push in United States

Christian Smalls no longer works at Amazon's JFK8 warehouse in New York, but he still sees former colleagues every day at the bus stop as they head into work.

US announces deal with UK to end steel, aluminum tariffs

The United States on Tuesday announced an agreement with Britain to end tariffs on steel and aluminum imports imposed by former president Donald Trump.

Bezos ex MacKenzie Scott donates $436 mn to Habitat for Humanity

American philanthropist MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, has donated $436 million to Habitat for Humanity and dozens of its US affiliates, the homebuilding non-governmental organization said Tuesday.

No deal to end US-UK metals spat but talks continue

The top trade envoys of the United States and Britain have not reached an agreement to end a dispute over metals tariffs, but vowed on Tuesday to keep negotiating.

Michelin Guide celebrates 'resilient' French food scene

The Michelin Guide launched its 2022 edition on Tuesday, celebrating an increasingly green and diverse French food scene, as well as its resilience as it emerges from two difficult years of pandemic.

Plastic pollution cuts power in DR Congo

Among rolling hills around the southern tip of majestic Lake Kivu, huge layers of plastic waste ride the water and block the turbines of the largest hydroelectric plant in eastern Democratic Republic of Congo.

Russia default would have 'limited' global impact: IMF official

The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be "limited," a senior IMF official said Tuesday.

Cause of China jet crash still unknown, as hunt for black boxes continues

Crash investigators on Tuesday said they do not yet know why a China Eastern jet carrying 132 people plunged from sky, with recovery teams still scouring a forested mountainside for the flight recorders from the pulverised Boeing aircraft.

Tennis star Becker used business account as 'piggy bank', court hears

Six-time Grand Slam champion Boris Becker used his business account as a "piggy bank" to pay for luxury shopping expenses and school fees, a British court was told on Tuesday.

Ukrainians in strategic Mykolaiv staying to the end

Ukraine's strategic city of Mykolaiv is holding out against the Russian invasion, in part due to the tenacity of its residents.

Debt-ridden Evergrande says lenders lay claim over $2.1 bn

Chinese developer Evergrande said Tuesday it is investigating how lenders have laid claim to deposits valued at more than 13.4 billion yuan ($2.1 billion) for its subsidiary, the latest black mark against the debt-ridden property giant.

Athletics chief Coe warns over 'fragile' future of women's sport

World Athletics chief Sebastian Coe says women's sport faces a "fragile" future unless sporting federations get the regulations right over the participation of transgender athletes.

Japan issues power warning after quake hits supply

Japan's government warned on Tuesday of possible widespread electricity outages for Tokyo and its surrounding regions as power plants hit by last week's powerful earthquake struggled to meet surging demand caused by a cold snap.

China's Russian traders smell profit as Ukraine sanctions bite

For Marat, a Russian businessman based in Shanghai, sanctions on his home country have heralded an unexpected opportunity in China as companies struggle to keep their supply chains open.

Debt-ridden Evergrande urges investor 'caution' as audit result delayed

Debt-ridden Chinese property developer giant Evergrande on Tuesday warned investors to "exercise caution" as the group announced it would delay the release of the results of a 2021 audit a day after halting trade in Hong Kong.

Egypt's currency plunges almost 17% against greenback

The Egyptian pound plunged nearly 17 percent in value against the US dollar on Monday, following a rise in inflation and amid mounting economic hardships.

Fed prepared to raise interest rates 'aggressively:' Powell

The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.

Dubai Telegraph - Economy (English)