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K-pop band NewJeans leaves label over 'mistreatment'

Chart-topping K-pop group NewJeans announced Thursday their decision to leave their label ADOR, accusing the company of "mistreatment".

France says ready for budget concessions to avert 'storm'

The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

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Babe Ruth baseball jersey shatters sports memorabilia auction record

A jersey belonging to US baseball legend Babe Ruth shattered the record for the most expensive piece of sports memorabilia ever auctioned on Sunday, fetching $24.1 million.

Asian markets boosted by Fed chief's rate cut talk

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

Telegram chief Durov in French custody after airport arrest

The Russian-born founder and chief of Telegram Pavel Durov was in French police custody Sunday, awaiting a court hearing after his arrest at a Paris airport over alleged offences related to the popular but controversial messaging app.

'Deadpool' still has a pulse, again leading N.American box office

Disney/Marvel superhero comedy "Deadpool & Wolverine" clawed its way back to the top of the North American box office this weekend, taking in an estimated $18.3 million, industry watcher Exhibitor Relations reported Sunday.

Telegram chief Pavel Durov arrested at French airport

Telegram chief executive Pavel Durov is expected to appear in court Sunday after being arrested by French police at an airport near Paris for alleged offences related to his popular messaging app, sources told AFP.

Intruders try to board Trinidad and Tobago mystery tanker

Coast guard officers in Trinidad and Tobago have fired on intruders who attempted to board the wreck of a mysterious oil tanker that capsized off the Caribbean country months ago, its energy ministry said Saturday.

Flawed Boeing mission to return to Earth with rival SpaceX

Two US astronauts who arrived at the International Space Station aboard Boeing's Starliner will have to return home with rival SpaceX, NASA said Saturday, in a fresh public relations blow to the crisis-hit aviation giant.

Boeing's rescue by rival SpaceX 'embarrassing' and ill-timed

SpaceX is coming to Boeing's rescue.

Flawed Boeing mission to return to Earth with SpaceX: NASA

Two US astronauts who arrived at the International Space Station aboard Boeing's Starliner will have to return home with rival SpaceX, NASA said Saturday.

Torch begins its journey at English home of Paralympic Games

Four days before the Paris Paralympic Games begin, the Paralympic flame was on Saturday lit next to the English hospital where the idea for the competition was born.

'Bees starving' in disastrous year for French honey

Beekeepers across France say it has been a disastrous year for honey, with bees starving to death and production plummeting by up to 80 percent.

Experts meet as final global plastic treaty talks near

With months until crunch talks on the world's first binding treaty on plastic pollution, experts are meeting in Bangkok to discuss financing options and problematic plastics.

Economists push back on Harris price gouging plan

Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not helping, US consumers.

Chinese cars make inroads in Latin America

Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is a convert.

Stocks climb as Powell says rate cut coming

Stock markets jumped on Friday after US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates as inflation is cooling.

US Fed chair says 'the time has come' to start cutting rates

Federal Reserve chair Jerome Powell said Friday that the "time has come" for the United States to start cutting interest rates, adding that his "confidence has grown" that the battle against inflation is on track.

UK tycoon's daughter is seventh, final victim of Sicily yacht sinking

Divers searching a sunken superyacht off Sicily recovered the body of the teenage daughter of UK tech tycoon Mike Lynch Friday, the seventh and final victim of a tragedy in which the businessman also perished.

EU approves Moderna's RSV vaccine for over 60s

The European Commission on Friday approved Moderna's respiratory syncytial virus (RSV) vaccine for older adults -- the first time the bloc has authorised an mRNA shot against a disease other than Covid-19.

Stocks mostly rise as Powell speech looms

Asian and European stock markets mostly rose Friday hours before a much-anticipated speech by US Federal Reserve boss Jerome Powell that could shed more light on expected interest-rate cuts.

Nestle shares fall after CEO's surprise departure

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group.

Stocks mostly rise ahead of Powell, yen after BoJ rate hint

Asian and European equities rose ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

Alibaba to upgrade Hong Kong listing amid profit drop

Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.

Asian stocks slip with Wall St ahead of Powell, yen rises

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

US Fed chair expected to signal support for rate cuts

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision.

French prosecutors request trial in Depardieu rape probe

Paris prosecutors called Thursday for film legend Gerard Depardieu to face trial for the alleged rape of a fellow actor, ahead of another case against him set to be heard in October.

Canada government steps in to end crippling freight rail shutdown

Freight rail operations were set to resume across Canada on Thursday following federal intervention to end a crippling disruption triggered by labor disputes at the country's two main operators.

World's second largest diamond found in Botswana

A massive 2,492-carat diamond -- the second largest in the world -- has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday.

Nestle CEO Schneider to step down after eight years at helm

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday.

Canada rail freight shut down threatens to disrupt economy

A labor dispute in Canada threatened to disrupt the North American economy on Thursday after the county's two rail operators shut operations, locking out nearly 10,000 workers.

US existing home sales rise in July, ending downward trend

Sales of previously owned homes in the United States edged up in July, industry data showed on Thursday, breaking a four-month trend of declines.

War cook: Ukrainian soldier-influencer's winning recipe

Standing amid ruins in east Ukraine, Ruslan Mokrytskyi held a combat knife and concentrated on cutting onions without crying. As trivial as it seems on the front line, it is still not easy.

Stock markets buoyed by US rate cut hopes

European and Asian stock markets rose on Thursday on growing optimism that the US Federal Reserve will cut interest rates next month.

Dubai Telegraph - Economy (English)