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Stocks zoom higher as Trump delays painful tariffs

Stocks rocketed Thursday as a relief rally spread through markets after Donald Trump paused crippling tariffs on US partners, with Chinese investors even brushing off his decision to ramp up duties on Beijing to 125 percent.

Taiwan's TSMC says first quarter revenue up 42 percent

Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty.

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India bridge collapses, killing at least 130 people

At least 130 people were killed in India after a colonial-era pedestrian bridge collapsed, sending scores of people tumbling into the river below, police said Monday.

China's factory activity contracts on Covid curbs

China's factory activity shrank in October, official data showed Monday, after industries were hit by strict Covid lockdowns.

In Amazon, Indigenous voters wear Lula support painted on faces

In the Brazilian Amazon, members of an Indigenous community painted their faces and put on traditional feather headdresses as they set out to vote Sunday in the hard-fought presidential runoff election.

Brazil election hit by outcry over roadblocks

Brazil's election boss on Sunday announced the lifting of traffic police roadblocks that had "delayed" voters during a high-stakes presidential election, after the blockages led to an outcry from the left.

Firebombing at UK immigration office handling Channel migrants

An attacker on Sunday threw firebombs at an immigration office used to process asylum seekers crossing the Channel in small boats as the government seeks to curb record arrivals.

'Lot of progress' in India trade talks: UK foreign minister

Britain's foreign minister has insisted during a visit to India that "a lot of progress" has been made in talks on a post-Brexit free-trade deal despite negotiators missing a recent deadline.

Scottish blueberry farmer donates 'unviable' crop to charity

A Scottish farmer is giving away his entire crop of blueberries, worth £2 million, to charity, saying cheap imports and high labour costs have made harvesting the fruit economically unviable.

US retailers battle high costs clearing Christmas stockpiles

US retailers are hustling to sell their stockpiles of Christmas decorations as the festive season approaches, after tangled supply chains caused many shipments to arrive only after the holidays last year.

Croatia prepares for euro switch amid soaring inflation

With inflation mounting and precarious geopolitical headwinds rattling Europe, Croatia hopes that its upcoming switch to the euro will bring some semblance of protection to the Balkan country in an uncertain world.

With Twitter, Musk's influence enters uncharted territory

First, Elon Musk revolutionized the automobile industry, then he tackled space travel. By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.

US Fed set for further steep rate hike as recession fears loom

The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

Like clockwork: World's longest passenger train winds through Swiss Alps

The world's longest passenger train -- an assembly of 100 connected coaches measuring nearly two kilometres -- wound through breath-taking scenery in the Swiss Alps Saturday.

Taiwan holds first LGBTQ Pride march in two years

Tens of thousands braved downpours in Taiwan on Saturday to celebrate as the island staged its first LGBTQ Pride rally since fully reopening its border.

Covid vaccines may cause period problems, experts warn

Some Covid vaccines may cause heavy menstrual bleeding, specialists at the European Medicines Agency (EMA) warned Friday, recommending that this be added to the list of potential side-effects.

Apple rally fuels tech share turnaround, lifting US stocks

Tech shares were back on their front foot Friday following solid Apple results, boosting the Nasdaq nearly three percent and adding to weekly gains.

Twitter: Influential network with a relatively limited audience

Purchased by Elon Musk for $44 billion, Twitter is popular with politicians, journalists and celebrities, but the social media giant draws a smaller user base than some competitors, including Facebook.

Power workers struggle to keep Ukraine's energy on stream

Perched on a gondola, two employees fix a cable to a large pylon.

US oil giants report huge profits in tight energy market

A day after blockbuster profits from European oil heavyweights, US oil giants ExxonMobil and Chevron reported another round of bumper earnings, prompting fresh attention from the White House.

Defiant Iranians hit streets again to protest 'brutal' crackdown

Iranians took to the streets around the country again on Friday to protest against the killings of youths in a widely documented crackdown on demonstrations sparked by Mahsa Amini's death.

UK govt expected to call N. Ireland poll after deadline expires

The British government was on Friday expected to call the second election this year in Northern Ireland after UK and regional lawmakers failed to resolve a standoff over post-Brexit trade rules.

Norwegian climber's peaks record bid stymied by China

Norwegian climber Kristin Harila on Friday abandoned for now her bid to scale the world's 14 highest peaks in record time, after China refused to grant her a permit for the final two.

ExxonMobil Q3 profits surge to $19.7 bn on high oil, natural gas prices

ExxonMobil reported a surge in third-quarter earnings Friday, fueled by much higher oil and natural gas prices and robust profit margins for gasoline and other refined products.

Recession fears stalk Europe despite surprise German growth

Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Sanofi improves outlook on strength of bestseller Dupixent

French drug maker Sanofi has revised its outlook for 2022 upwards after reporting strong sales growth in the third quarter on Friday.

Air France-KLM Q3 turnover above pre-Covid levels

European airline group Air France-KLM said Friday that its third quarter revenues had exceeded its pre-pandemic turnover in 2019, fuelled by strong post-Covid demand for travel.

All eyes on Twitter as Musk era opens

Elon Musk begins on Friday his first full day leading Twitter, with critics and fans anxious to see how the planet's richest man will run one of the world's leading social media platforms.

NatWest shares slump as bank earnings spook market

Shares in British bank NatWest tumbled nine percent Friday following an earnings update that added to concerns that borrowers would be unable to repay loans owing to soaring interest rates.

Sweden conducts new Nord Stream crime scene inspection

Swedish prosecutors said Friday they would conduct a new complementary crime scene investigation of the Nord Stream leaks, after the navy and the pipeline owner also began surveys this week.

Airlines giant IAG revenue back at pre-pandemic level

IAG, owner of British Airways and Spanish carrier Iberia, revealed Friday revenue slightly above pre-pandemic levels as it posted third-quarter profits on rebounding passenger demand.

UK govt expected to call N.Ireland poll after deadline expires

The UK government was on Friday expected to call the second election in a year in Northern Ireland after politicians failed to resolve a standoff over post-Brexit trade rules.

French October inflation highest since 1985

French consumer prices rose at their fastest pace since 1985 in October, official data showed Friday, driven by rising energy, food and manufactured goods prices.

Most markets slip as rate hopes are offset by big tech sell-off

Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign.

Dubai Telegraph - Economy (English)