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Bulgarian border city hails Schengen tourism boom

There always used to be a long line of traffic waiting to cross the steel truss Danube Bridge over the river between Giurgiu in Romania and the Bulgarian city of Rousse on the other side.

Harvey Weinstein sex crimes retrial to begin Tuesday in NY

The retrial of Harvey Weinstein, whose prosecution and conviction for rape and sex assault ignited the "MeToo" movement, kicks off in New York on Tuesday.

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Guinea junta gives order to prosecute ex-president Conde

Guinea's ruling junta on Thursday ordered prosecutors to take legal action against former president Alpha Conde, whom it overthrew in a 2021 coup, and more than 180 other officials and ex-ministers, notably for alleged corruption.

Stock markets sink, dollar jumps

Stock markets around the world sank Thursday while the dollar rallied after the Federal Reserve warned US interest rates would go higher than previously expected in its fight against decades-high inflation.

Bank of England warns UK faces two-year recession, hikes rate

The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.

NGO asks France, Spain, Greece to help 234 Mediterranean migrants

Migrant rescue group SOS Mediterranee said Thursday that it had called on the governments of France, Greece and Spain to help find a port for 234 people rescued while trying to reach Europe, after Italy and Malta failed to respond.

Bank of England delivers biggest rate hike in 33 years

The Bank of England delivered Thursday its biggest interest rate hike since 1989 to combat soaring inflation and warned that Britain faced a recession set to last until mid-2024.

iPhone factory lockdown shows risks of China dependence, analysts say

The lockdown of Foxconn's Zhengzhou factory, the world's biggest producer of iPhones, has highlighted some of the risks of relying on zero-Covid China's manufacturing sector, analysts told AFP.

Turkish inflation tops 85%, highest since 1997

Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip Erdogan sticks to unorthodox policies to combat a cost-of-living crisis.

Israel's Netanyahu set for comeback with far-right help

Israel's Benjamin Netanyahu held a nearly unassailable lead Thursday with vote counting almost complete following this week's election, setting him up to form what may be the most right-wing government in Israeli history.

Psychedelics show promise in treating depression: study

For years, scientists have been looking ever more seriously at the therapeutic effect of psychedelics, which are not legal under US federal law. However, despite this renewed interest, large-scale studies are still lacking.

Make glasses cool with new emojis, urges UK schoolgirl

British schoolgirl Lowri Moore is just 13 but has achieved a lot in her short life, championing children who like her wear glasses.

Italy's far-right PM Meloni meets EU chiefs

Italy's new far-right Prime Minister Giorgia Meloni meets European Union chiefs in Brussels Thursday for the first time since her election, with the energy crisis expected to dominate the agenda.

Bank of England set for biggest rate hike in 33 years

The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since 1989 as it bids to cool sky-high British inflation.

Non-binary category allows marathon runners to compete 'as authentic self'

Nick Dill is a veteran marathon runner, but this weekend's race in New York will be the first time they participate in the non-binary category, after contest organizers added the option in response to demands for better representation and inclusion.

Republican denial of election results a 'path to chaos': Biden

President Joe Biden warned US voters Wednesday that the future of democracy was at stake in next week's midterms, with the steadfast refusal of some Republican candidates to accept election results opening a "path to chaos in America."

Fed delivers another steep rate hike with more to come

The Federal Reserve delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on more weight amid the political maelstrom ahead of key US midterm elections.

After lengthy slump, Boeing outlines path to comeback

After years of stumbles and weak results, Boeing said Wednesday it expects to return at mid-decade to operational health and a more robust financial performance.

From XXX to cookery? Erotic site OnlyFans seeks to shift debate

A year is a long time in the history of OnlyFans, an online platform where people sell erotic photos and videos to their subscribers.

North Korea 'covertly' supplying artillery shells to Russia: W.House

The United States said Wednesday that North Korea is sending a significant amount of artillery ammunition to Russia for its war in Ukraine, under cover of shipments to the Middle East or Africa.

Israel's Netanyahu on cusp of victory with far-right allies

Veteran Israeli hawk Benjamin Netanyahu appeared on the cusp of returning to power Wednesday, with initial election results showing his alliance with the extreme right taking a narrow lead.

US pharmacy chains to pay $10 bn to settle opioid cases

US pharmacy chains CVS Health and Walgreens said Wednesday they had reached preliminary agreements to together pay more than $10 billion to resolve opioid claims from US states, cities and tribes.

Ferrari sales, earnings guidance shift higher

Italian luxury sports car manufacturer Ferrari said Wednesday it had raised its 2022 earnings guidance after posting double-digit gains in sales and earnings.

Aston Martin losses deepen despite rising car sales

British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.

US pharmacy chain CVS to pay $5 bn in opioid settlement

US pharmacy chain CVS Health said Wednesday they had agreed to pay approximately $5 billion over 10 years to "resolve all opioid lawsuits and claims" against them by states and cities.

Musk says may take 'weeks' for banned Twitter accounts to be restored

New Twitter owner Elon Musk said Wednesday that it will be "a few more weeks" before any banned accounts -- such as that of former US president Donald Trump -- may be restored on the platform.

US private hiring posts surprise uptick in October: survey

Private US companies hired more workers than expected in October, as restaurants and retailers stepped up hiring ahead of the festive season, according to data from payroll firm ADP Wednesday.

Floods wash away salt industry and tourism at Senegal's 'Pink Lake'

Maguette Ndiour stands on the edge of Senegal's Lake Retba, famous for its pink-hued waters, and points to a mound of salt slowly being shovelled into bags by men toiling under the hot midday sun.

Fed poised for further US rate hike as political pressure mounts

US central bankers are expected to announce another steep interest rate hike Wednesday as they try to prevent soaring inflation from becoming ingrained, but politicians are piling on the pressure in the final days of the midterm elections.

In Niagara Falls, bitcoin mining brings a new roar to town

In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining farms.

China imposes Covid lockdown on 600,000 people around iPhone plant

Chinese authorities imposed lockdowns on 600,000 people in the area surrounding the world's largest iPhone factory on Wednesday after workers fled to avoid a coronavirus outbreak and the resulting restrictions.

Top Chinese regulator urges investors to avoid foreign news

Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told a summit of global bankers on Wednesday in comments that received endorsement from two senior executives.

Choking on factory waste: the Nile's rising scourge

As tourists pose for selfies on the shores of Lake Victoria in Uganda, factories within spitting distance of the source of the Nile dump their waste directly into Africa's longest river.

Rare US Constitution original copy to be auctioned in December

An original copy of the US Constitution -- one of only two known to be in private hands -- will be auctioned off in December with bidding estimated to go as high as $30 million, Sotheby's announced Tuesday.

Dubai Telegraph - Economy (English)