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Most markets down as traders eye key Powell speech
Markets were broadly lower Monday as the rally from June's lows runs out of steam owing to renewed concerns about Federal Reserve plans to ramp up interest rates to combat runaway inflation.
China central bank cuts lending rates to boost economy
China's central bank on Monday cut benchmark loan rates in an attempt to boost an economy battered by the government's strict zero-Covid policy and a slump in the property market.
Europe huddles down for a winter without Russian gas
Woolly socks and thermostats turned down a notch: Europeans are preparing for a difficult winter without gas supplies from Russia, part of the fallout from the war in Ukraine.
Royal rebel elevated to 'saint': Diana 25 years after death
From her engagement to Prince Charles as a shy teenager to her roles as doting mother, humanitarian and global celebrity, Diana's turbulent 36-year life still captivates people around the world.
Markets looking for clarity but tuning out Fed message
US central bankers have been hammering home a single message: Interest rates will rise until inflation begins to come down. But financial markets keep hoping to hear a different tune, one indicating the pace of rate hikes will slow.
Anime 'Dragon Ball' roars to top of N.American box office
Computer-animated martial arts film "Dragon Ball Super: Super Hero," the 21st in the Japanese franchise, seized control of the North American box office this weekend with an estimated take of $20.1 million, industry watcher Exhibitor Relations reported Sunday.
J Lo and Ben Affleck hold lavish estate wedding
Celebrity couple Jennifer Lopez and Ben Affleck tied the knot Saturday -- for the second time in just over a month -- in a lavish ceremony at the "Good Will Hunting" star's estate, US media reported.
On track: Cairo metro employs Egypt's first women train drivers
As it prepares to expand to serve a population now exceeding 20 million, the Cairo metro has recruited Egypt's first female train drivers, a novelty in a country where few women have formal jobs.
Ex-president dos Santos' body lands in Angola
The body of Angola's Jose Eduardo dos Santos, who died in Spain last month, arrived in Luanda on Saturday, ending a weeks-long feud over the repatriation of the ex-president's corpse.
Cuba sees surge in foreign tourists, hopes for more Russians
The number of foreign tourists visiting Cuba so far this year is up nearly sixfold from the 2021 period but remains below pre-pandemic levels, the government said Saturday.
Ex-president dos Santos' body to arrive in Angola
The body of Angola's Jose Eduardo dos Santos, who died in Spain last month, was to arrive in Luanda Saturday, government said, ending a weeks-long feud over the repatriation of the ex-president's corpse.
Cuba bids farewell to firefighters killed in fuel depot blaze
Thousands of Cubans turned out on Friday to bid a final farewell to 14 firefighters killed while battling a blaze at a fuel depot this month.
Man Utd icon Ferguson lauds Giggs' temperament' at assault trial
Former Manchester United manager Alex Ferguson told a UK court Friday that ex-star Ryan Giggs had never lost his temper or shown violence during his more than two-decade tenure at the club.
China banks to repay more customers after protests
Chinese regulators on Friday offered repayments to more customers of rural banks whose withdrawals were frozen, in the ongoing saga of one of the country's biggest-ever banking scandals that triggered rare mass protests.
UK retail sales in surprise rebound
British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as the UK heads towards recession under a new leader, data showed Friday.
Stocks mostly retreat, oil slides over recession fears
Stock markets mainly dropped on Friday, with investors focused firmly on the outlook for interest rate hikes as central banks battle to bring down sky-high inflation.
Pro-Putin rapper opens Starbucks successor in Moscow
Re-branded as Stars Coffee, the successor of Starbucks welcomed its first visitors in Moscow on Friday after the Seattle-based coffee shop chain withdrew from the Russian market over the conflict in Ukraine.
Strikes bring London transport system to near halt
Public transport workers in London held fresh strikes Friday over pay and conditions, cutting services on almost all underground and overground rail lines that link up the UK capital.
Fuel price hikes, scarce rice add to hardship in Myanmar
Dozens of people queue under monsoon drizzle for subsidised cooking oil in Myanmar's commercial hub Yangon, waiting for one of the many commodities that have become scarce as economic misery strikes the city.
Asian, European markets drop as investors assess Fed outlook
Most stocks swung lower on Friday as investors fret over the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity.
Asian markets drift as investors assess Fed outlook
Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity.
Academy unearths long-lost 'race films' in Black cinema exhibit
Long before Denzel Washington, Spike Lee or even Sidney Poitier, generations of pioneering and revolutionary Black US filmmakers played a key role in shaping early American cinema and dispelling pejorative stereotypes, a major new Hollywood exhibition argues.
Oil prices fall but inflation stays high
Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high.
Stocks mostly up as markets digest Fed rate signals
US and European stock markets mostly rose on Thursday as investors digested US economic data and Federal Reserve signals that it will maintain its agressive monetary-tightening policy to combat inflation.
UK pet owners face grim choices amid soaring costs
Unable to afford the cost of cremation for his much-loved dog Khan under the weight of sharply increasing living costs, David Mcauliffe turned to a social media group offering help for under-pressure pet owners.
Germany to fall short of gas stock targets: regulator
The head of Germany's energy regulator said on Thursday that the country would almost certainly fail to meet its gas reserve targets in the face of a Russian supply squeeze.
In UK, workers strike as inflation crushes earnings
Railway and postal staff, dockers too. Britain's workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace.
Okinawa to Atlanta: Japan's hip-hop queen Awich
The self-proclaimed queen of Japanese hip-hop Awich has stories to tell, from discovering rap as a rebellious teenager in Okinawa to losing her husband to gun violence in America.
Cuba unable to identify remains of 14 firefighters after fuel plant blaze
The remains of 14 firefighters who died combatting a major blaze at a Cuban fuel depot last week are too badly burned to be identified, a specialist said Wednesday.
UN's Guterres, Turkey's Erdogan to meet Zelensky in Ukraine
UN chief Antonio Guterres will meet the leaders of Ukraine and Turkey in Lviv on Thursday, following a deal reached last month that allowed the resumption of grain exports after Russia's invasion blocked essential global supplies.
Fed says more US rate hikes coming, pace will slow 'at some point'
US central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the hikes "at some point," the Federal Reserve said Wednesday.
More US rate hikes coming but 'at some point' pace will slow: Fed
US central bankers remain committed to raising interest rates further to quell rising prices, but agreed that "at some point" it would be appropriate to slow the pace of such hikes, the Federal Reserve said Wednesday.
Boxing star Joshua avoids comment in Saudi as tweeter jailed
Boxer Anthony Joshua declined to comment on human rights in Saudi Arabia as news broke Wednesday that a woman had been jailed for 34 years over her Twitter activity, days before his world heavyweight fight in Jeddah.
IMF sees Saudi growth soaring 7.6% this year on high oil prices
The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday.
US retail sales flatline in July as gas prices fall
US retail sales held steady in July as gas prices fell sharply, but the new data released Wednesday showed consumers are still spending, keeping the pressure on the Federal Reserve to continue its aggressive interest rate hikes.
Chinese tech giant Tencent revenue falls for first time since going public
Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China's economic downturn, pandemic disruptions and ongoing scrutiny from regulators.
Tech stocks sink world's biggest sovereign wealth fund
Norway's sovereign wealth fund, the world's largest, shrank by some 1.68 trillion kroner ($173.2 billion) in the first half of the year, weighed down by tech stocks, the Norwegian central bank said Wednesday.
China reconnects nuclear reactor after shutdown due to damage
A nuclear reactor in southern China has been reconnected to the electricity grid more than a year after it was shut down to repair damage, its operator said.
UK inflation hits new 40-year high as food prices rocket
British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.